Accounting Software
Accounting software describes a type of application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, payroll, and trial balance.
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Accounting Software
It functions as an accounting information system and may be developed in-house by the organization using it, purchased from a third party, or a combination of a third-party application software package with local modifications. Accounting software’s vary greatly in their complexity and cost, and the software’s may be based online, accessed anywhere at any time with any device with Internet service, or may be desktop-based. Most software’s will typically process the following core functions:
- Accounts receivable—where the company enters money received
- Accounts payable—where the company enters its bills and pays money it owes
- General ledger—the company’s “books”
- Billing—where the company produces invoices to clients/customers
- Stock/inventory—where the company keeps control of its inventory
- Purchase order—where the company orders inventory
- Sales order—where the company records customer orders for the supply of inventory
- Bookkeeping—where the company records collection and payment
Accounting Software we at Ottawa Bookkeeping support:
- Quickbooks
- FreshBooks
- Telpay
- SAGE – Simply Accounting
Businesses run better with QuickBooks, the #1 accounting solution for small business. With Quickbooks, you can easily do your invoicing, bookkeeping, and billing in one place. It’s easy to track sales and expenses, scan receipts, pay employees, and be ready for tax season.
FreshBooks is a cloud-based accounting software service designed for small client-service businesses that send invoices to clients and are paid for their time and expertise.
Telpay Incorporated is Canada’s largest independent electronic payment company, and for over 30 years, Telpay has delivered secure and cost-effective electronic payment solutions as an alternative to writing cheques to consumers, financial institutions, and businesses.
SAGE – Simply Accounting is one of the top software packages available, and it works perfectly for businesses with up to one hundred employees in retail, construction, light manufacturing, or in a non-profit organization.