Zoho Books - Smart Accounting Software

Accounting software is a solution used by bookkeepers, accounting professionals, and business owners to process accounting transactions and manage accounts. Here are some of the most important features, benefits, and things to consider when you pick an accounting tool for your business.

Key features of accounting software

From basic features that keep track of the money coming in and going out of your business, to other advanced features that give you more control, accounting software offers a multitude of features that help simplify accounting tasks. The features of accounting software can vary depending on vendors.

Invoice processing

Invoicing is the basic requirement of every business. Your accounting software should let you keep track of who owes you, how much they owe, and when the payment is due. It should also offer plus additional features like automatic invoicing, payment reminders, and automatic conversion of quotes to invoices.

Online payments

Collecting payments is an essential part of doing business, so your accounting software should make it easy for you. Good accounting software supports payment gateway integrations, letting you collect payments online for an experience that's easier for both you and the customer.

Accounts payable

Keeping track of your expenses and how much money you owe is crucial for your business. Your accounting software should offer features like purchase orders, bills, vendor credits, and expenses to make the payables side of your business operations as smooth as possible.

Banking

Every accounting software should offer you some link to your bank, so you can make payments and import your bank statements to your accounting system. Some software goes beyond these basic functions to offer features like automatic bank feeds, transaction matching, and banking reconciliation.

Reporting

Accounting without analyzing the numbers is fruitless. All accounting software provides financial reports to analyse the numbers and make business decisions for the future. A few accounting software options go further and support functionalities like report sharing, scheduling, and customization.

Inventory

Inventory tracking is essential for goods-based businesses. From tracking stock on hand, to sending notifications when you are running out of stock, to making inventory adjustments, accounting software with inventory tracking can help streamline your business operations.