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Top Accounting Softwares To Choose From In 2017

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Discover the top 5 accounting softwares this year and pick whats best for your business

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Top Accounting Softwares To Choose From In 2017

  1. 1. TOP Accounting Softwares to Choose From in 2017 A Quick Guide to Entrepreneurs who value Financial Data.
  2. 2. Contents • What can you do with an Accounting Software? • What you cannot do with an accounting software? • Desktop/Local Vs Cloud Based accounting softwares • TOP 5 Accounting Softwares in 2017 • About Relativity • Conclusion
  3. 3. What can you do with an Accounting Software? ✓Invoicing ✓General Ledger Management ✓Basic Tax Management ✓Track Account Receivables ✓Track Income, Expenses, Asset, Liabilities ✓Reporting of Profit & Loss, Balance Sheet ✓Reconciliation ✓Document management ✓Purchase Orders ✓Budgeting ✓Automated Bank integration to read transactions (not payment processing) ✓Support Multiple Currencies* ✓Integrate with other apps* ✓Payroll* ✓Inventory Management* ✓Customer/Vendor Portals* *- Denotes not a part of basic accounting feature. May be required to be purchase separately or supported only by a few.
  4. 4. What you cannot do with an Accounting Software? ✓Track Un-necessary / Excess Expenses ✓Loss Making Customers ✓Loss Making Products ✓Break-even point for a month or quarter ✓Profitability Analysis ✓Cash Flow Analysis ✓Cash Flow Optimization ✓Bill Payment ✓Track Employee Loans / Advances ✓Customer Credit Management ✓Credit Control ✓Audits & Assurance Activities ✓Financial Advisory ✓Tax Planning / Optimization ✓Tax Filing – Service Tax Returns, TDS Returns, Income Tax or VAT Returns ✓Employee Tax Declarations ✓Form 16 issuance Most of the above Services are offered by Relativity’s Accounting & Taxation Team. We work to ensure Financial Data is transformed into Insights & Actions.
  5. 5. Desktop/Local Vs Cloud Based accounting softwares ▪ Desktop Based : ▪ Client Server concept, hence most suitable for Large Organizations ▪ Capital Investment in some cases ▪ Legacy softwares still run as Desktop softwares ▪ High Level of Customization ▪ In some cases, Data remains inhouse Or hosted on your servers These are the views/opinions of the Author & is not a recommendation. Reader’s Discretion Advised. ▪ Cloud Based : ▪ Anywhere, Anytime Access – On the Go ▪ Simple & Easy to manage, no specific IT hardware / software required ▪ Cost effective, More as operational cost & not as capital cost ▪ Suitable for Small & Medium businesses ▪ Software upgradation / improvements happen automatically ▪ Backups are automatic, hence better data access capability
  6. 6. TOP 5 Cloud Accounting Softwares to choose, In 2017 #1 ● Stays ahead in the accounting software race with its easy invoicing and integration with online banking and payroll ● Offers a real-time insight of all your business indicators and business reports.
  7. 7. TOP 5 Cloud Accounting Softwares to choose, In 2017 #2 ● Automates business workflows and is customizable, just how small businesses crave ● Is GST compliant, the much needed feature of the hour and is also scalable
  8. 8. TOP 5 Cloud Accounting Softwares to choose, In 2017 #3 ● Serving SMB’s for more than a decade, boasts of being user-friendly, simple and time-efficient ● Aids in making quick and effective business decisions with accurate critical business data
  9. 9. TOP 5 Cloud Accounting Softwares to choose, In 2017 #4 ● Designed with a simple interface, this powerful financial accounting software is exactly the one for business owners with minimal accounting knowledge ● Helps to track entire inventory lifecycle from purchase to sales at ease and also maintains positive cash flow
  10. 10. TOP 5 Cloud Accounting Softwares to choose, In 2017 #5 Reach Accountant ● Real-time consolidation in mobile app thereby offering day end reporting via sms or email ● Allows to track orders and send quotes, also captures leads directly from emails and website
  11. 11. Did you like ? Let us know Click here
  12. 12. About Relativity We make your Accounting Data speak. Data into Insights into Action. 3x your growth. Triple your success by making better & informed financial decisions. Relativity’s Finance, Accounting & Payroll outsourcing solutions will help you focus on the essentials. Visit us at www.relativity.co.in or Contact naveen@relativity.co.in | 093611-41436

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