Types of Accounting Software

 

Every business needs accounting software whether it is an association, a non-profit, a professional services provider, or sells retail products and services. What is Accounting Software? Accounting software automates an organization’s financial functions and transactions with modules including accounts payable, accounts receivable, payroll, billing, general ledger, and much more. It is difficult enough for business owners dealing with the daily operations of a business, streamlining workflows and standard operating procedures for efficiency, keeping employees and customers happy, organizing paperwork, creating financial reports which impact strategic decisions, in addition to accounting and bookkeeping. Eighty two percent of businesses are unsuccessful because of inadequate accounting practices and cash flow management.

Choosing the best accounting software is confusing. There are thousands of options on the market which offer custom options for specific business needs. Overwhelming, right? Eighty nine percent of small to mid-sized businesses insist they are more successful with an accountant or advisor and accounting software. Consultance Accounting is just what your business needs! Consultance Accounting is a technology-based accounting firm with the vision and expertise to deliver streamlined, user-friendly and cost-effective accounting services. We partner with best-in-class technology firms to create a customized platform that will tangibly reduce the amount of time and effort you must spend on your accounting activities while receiving the highest quality accounting services. The results will be streamlined document management, improved cash management, and real time metrics and analytics that provide you with greater insights into the financial health of your organization.

 

The Consultance team is comprised of highly trained and experienced experts in the field, who are fully certified in the technology platforms we offer our clients.

Our Accounting Software Technology Partners Include:

• Expensify:

Take the hassle out of expense reporting! Using Expensify, Consultance Accounting can automate your organization’s entire receipt and expense management process and sync it with QuickBooks to give you real-time expense reporting. We can customize how expenses are coded to QuickBooks expense accounting, customers/jobs, classes, locations, items, and more!

• TSheets:

Improve your time management and job costing! Do you need to track employees’ time? Do you have an automated process in place? Let us show you how well TSheets can integrate into a customized accounting solution for your business or organization. We can customize it to your organization’s specific needs and your industry’s requirements. We can also set-up Tsheets using mobile options such as text messaging and dial-in for standard feature phones or deploy native mobile apps for Android, iOS devices, and touch screen mobile apps for other smartphone options such as BlackBerry and Windows phones.

• Fathom:

Visualize your financial data in ways that make sense! Fathom is a suite of in-depth analysis tools and metrics that we use to help you assess business performance, monitor trends, and identify opportunities for improvement. These tools and metrics help us assess profitability, cash flow, growth, and other key performance indicators (KPIs) that are meaningful to your business. We will create dynamic reports and dashboards so you’ll always be prepared to present to a client, report to a bank, or update your management team on your organization’s financial performance.

• QuickBooks:

QuickBooks Online is at the heart of all our clients’ accounting solutions! More than 2.2 million small to medium-sized organizations use it successfully every day around the world. As a certified QuickBooks partner, you can be assured that we will transform accounting tasks that are currently complicated, time consuming and expensive and make them quick, easy, and cost-effective to manage. We will do the tedious, heavy lifting reliably and accurately when we set-up your account and every month afterwards. And we will probably do it for less than you are paying now.

• Bill.com:

Automate Payables and Receivables! Accurately tracking and processing purchases, sales, invoices, receipts, payments, and receivables require a lot of attention. This is especially true if your organization is paper based. By working with Consultance to adopt Bill.com, your organization can scrap the paper-based processes that are eating up time and adding to expenses for in-house bookkeepers to handle bill payments. On the receivables side, you will be able collect your money two to three times faster by moving payments online and giving your customers more payment options, including credit cards, PayPal, or direct debit from their bank.

• Hubdoc:

Go paperless to cut cost, increase accuracy, and reduce time! The promise of a paperless accounting system is fulfilled with our implementation of QuickBooks and Hubdoc. Hubdoc automatically extracts key information from your receipts, invoices, and bills putting an end to data entry and filing of paper documents. Consultance Accounting will work on your behalf to set up your accounts with vendors, banks and lenders so that Hubdoc automatically pulls your accounting source documents into one secure hub. Every time a document is fetched or uploaded, Hubdoc extracts the key data and seamlessly creates entries in QuickBooks Online and Bill.com with the original documents attached.

• LivePlan:

Using LivePlan, we can help create your business plan! As part of our service offerings to our clients, we use LivePlan as a tool to help with business planning. In no time at all, you will be planning marketing activities, dreaming up products and service offerings, and creating essential financial projections. Live Plan works for any type of organization, at any stage in its development. It is the best way to grow your business and keep it financially healthy.

 

Consultance is committed to providing the most technologically advanced accounting software solutions available. Our commitment to continuous innovation improvements enables us to provide you with real time access to your financial information in the most useful formats possible and to improve the financial health of your business or organization. Contact Consultance Accounting to learn more.