WHAT IS THE BEST BOOKKEEPING SOFTWARE FOR A SMALL BUSINESS?
One of the first steps for any business is to invest in bookkeeping software. Once a business begins to grow it will not be able to handle stock processing or sales processing that will be required. Standalone bookkeeping software is inefficient for a new and growing business. More integrated software will be required.
Bookkeeping software is, however, an important element for the financial processing of data. ERP systems have an accounting module within them which also covers the bookkeeping process. It allows the processing of transactions both in and out of the business and is an important pillar to have within the finance section of SAP Business One. This can be joined up with other areas of the business such as sales and customer management or your production planning and reporting, as well as having a complete financial picture in one system. Having this joined up also saves you having to re-enter details and will, therefore, cut down on the number of times data needs to be keyed into the system.
Depending on your requirements SAP Business One can deliver a comprehensive software solution that extends your business management software beyond bookkeeping. If you put an incoming payment into the system the journal will automatically be put on in the background, simplifying the bookkeeping process.