Tedious processes can be automated, reports let you analyze your company's numbers, and features such as alerts help keep you on top of your company's finances.
All businesses spend and receive money.
Accounts payable refers to the money that your company owes to suppliers, while accounts receivable refers to the money that your customers owe to you. With an electronic accounting system, you can easily track balances, maintain invoices, calculate finance charges and taxes, and even print checks. Meanwhile, any updates, such as a payment journal entry, will be reflected in other areas of the accounting data. Products and Services Managing your orders, inventory, and time billing is important. Accounting software can integrate your inventory with your income, accounts, sales, and Web site.