When any business looks for billing and invoicing software, then there are many aspects of this tool that can prove to be useful. Most often, accounting software provides services like accounts receivable, banking, reporting, accounts payable, etc. Let's have a look at some of the key features of such software:
1. Bank feed- This allows you to connect with your business bank account and credit card account so that you can be abreast of all the transactions. 2. Dashboard- This feature will give an overview of the account activity and key metrics like account balances, profit, and loss, cash flow, expenses, sales, etc. 3. Online invoicing- Having access to online billing and invoicing software will assist you to get paid quicker. This is the best feature in today's world where everything is going digital. 4. Recurring invoices- It enables you to automatically generate and send invoices for recurring charges like subscriptions. It will be up to you whether you want to send the invoices daily, monthly, or annually. There are also some accounting software that does not provide this service. 5. Automatic payment reminders- With this, you can easily keep an eye over the upcoming and past payments. This feature will enable you to choose the time to send reminders. 6. Financial reporting- Almost every accounting program can generate financial reports. However, there are only a few software which provides advanced features. In order to get the specific type of financial report, check out whether it is included in the plan or not. 7. Mobile apps- Only the best accounting and invoicing software for small business have mobile apps. Due to the increasing demand for mobile work, it is best to have the mobile app along with the software. 8. Integrations- What to look for integrations? Payroll, POS systems, payment processing & CRM software are some popular integrations for accounting software. Integration saves time. 9. Tracking for Billable hours- If any business bill its clients on an hourly basis, then accounting software is must to have as it allows t track and bill the time. 10. Inventory management- An accounting or billing and invoicing software will keep a track of all the inventory and will also help in the purchase order. 11. Project-based billing- Any kind of business like freelancers, consultants, or firms who work with clients may use this software to track the projects' tasks and budgets. Don't you think that all these features are pretty cool to have for managing any business! Try the software once and you will be surprised by its features.
0 Comments
Leave a Reply. |
Mayank Pundir
Founder of Arista Consulting specializing in QAD application services, process automation solutions and technology & cloud services. Archives
October 2020
Categories
All
|