An accounting system gives the SME a real view of the bottom line. What’s inside the entrepreneur’s bank account is hardly a basis for getting a good grasp of how the business is faring. The process involves diligent tracking of expenses, billing clients on time and closely watching the cash flow.

Manually done, this can be taxing making the process prone to human errors. Surely, every business owner would want a worry-free way of managing his books. Plus the less time he spends on getting this done or overseeing it, the better. It would allow him to focus more on growing the revenues. 

Hiring a professional accountant may come too pricey for small businesses. On the other hand, cloud-based accounting solutions for the cost of a monthly subscription and accounting software suited to the size of the SME have shown to be effective business tools. It doesn’t mean taking one or the other option. Many entrepreneurs manage to strike a balance between these two choices, securing the services of an accountant as needed.

The accounting software also does a good job of recording business information and keeping files in order. When consulted, the accountant would find everything he needs to give the appropriate financial advice to the SME, especially during tax submissions.

But even a staff assigned to handle accounting, either using a web-based service or software, would find the task less daunting. Fully automating the process allows him to be more productive and work quickly, which result to faster turnaround for invoices and collections.

An accounting solution promotes efficiency within the organization. Quotations and billing statements can be sent easily to facilitate payments. Financial reports can be generated in real-time giving business owners and their managers solid information to base their decisions.

Indeed, it is worth having an accounting solution but with a multitude of options out there, choosing the right one may seem a challenge. There’s nothing like hearing from actual users who share their first-hand experience. Independent reviews can narrow down the choices such as this article, best Mac accounting.

Money makes the world go round.

MoneyWorks is a comprehensive accounting and business information software offered by Asia Hawk, the IT solution provider that brings affordable technology to SMEs.

What makes MoneyWorks a powerful accounting software is the wide array of functions available to the SME, including accounts receivables and payables, general ledgers, bank reconciliations, supplier database, sales analysis, inventory management, job costings, product pricing matrix and many others. Yet, with all these, its intuitive user interface makes it easy to use.

Generate quarterly GST return and annual tax return instantly, create custom reports aside from profit and loss etc. and personalize invoices, purchase orders and other forms. Experience a highly secure system that comes with a superior audit trail and allows multiple users who can be assigned specific access only.

The MoneyWorks products are Cashbook that is suited for recurring transactions and recording payments, Express which is perfect for generating invoices and statements plus monitoring receivables, Gold as the flagship product that captures all the functionalities of MoneyWorks Cashbook and Express plus business analytics, cost centre accounting, inventory control, etc., and Datacentre which carries the capabilities of MoneyWorks Gold but provides a scalable dedicated server.

For a free demo of MoneyWorks, call +65 6347 7778 or visit www.asiahawk.com today.