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9 Tips to Get the Best Custom Accounting Software (2020)


It's nonsense to perform accounting activities manually in 2020, without using accounting software.

Similarly, it's unproductive to perform the activities on regular software, instead of custom accounting software.

Hence, today we’re going to share the essential features that your custom software must-have for the ultimate benefits.

Here are the details:

Calculate Taxes:

Accounting software needs to perform tasks related to
●     Taxation
●     Payments
●     Reporting

Moreover, it should also handle the VAT and other taxes.

As you’re planning to pay a significant amount for software, so you deserve to enjoy the maximum ease in those matters.

Generate reports:

Based on your business size, your accounting software needs to provide reports on a monthly or quarterly or an annual basis.

Advanced accounting software is embedded with features like:
●     Auto reporting, including auto-mail services.

Thus, try to get a premium accounting software to use those options and make the accounting operations up to date.


Handle Invoices:

A business should send and receive invoices to its clients and dealers for transparency.

For that, the accounting software should do the above tasks automatically, besides it has to manage:
1) Invoice orders
2) Prints
3) Emails
4) Store your partner's data

This the last feature is available in advanced level software, which requires more charges.

Integrate with other software:

It must integrate with existing software to keep the procedures' inflow.

You can't change your digital system just for a single software.

Thus, ask your developer to create software that can collaborate with various software without any problem.

The commonly used other software are:
●     CRM
●     e-commerce platforms
●     online banking software

Process payroll:

The custom accounting software should facilitate in calculating and managing salaries automatically.

Humans are bound to mistake like errors and delays; that's why there should be the least human intervention.

Furthermore, it should compute bonuses and fines.

Therefore, don't forget to include those options in the custom software unless you want to regret later.

Set multiple access levels:

Create several access levels by setting passwords for each level in your software.

For instance, you may set a specific level for:
1) Managers
2) tech staff
3) regular employees
And others.

We recommend you to create 5-6 levels for efficiency.

Support e-payments:

Enable the software for the digital banking system to amplify your business productivity, like
●     Credit card
●     E-wallets, e.g., PayPal
Thereupon, inform your software developer to integrate digital banking features in it.

Track expenses:

Use the custom software to make a record of your business expenses.

You shouldn’t rely on your employees for that because they can't be as efficient and accurate as the software can be.

Consequently, make the software designed for tracking expenses as well.

Visual data:

Psychologists say that humans comprehend visual data more quickly and with a better understanding than in other formats.

Therefore, besides those features, the software has to transform all the data in visual form of:
●     Charts
●     Graphs
●     Diagrams

Because of it, you can analyze the data and evaluate your business performance in the best manner.

Conclusion:

Based on the above,

Please note down the summary of the points and keep them in mind when guiding your developer about the software features.

Finally, to ask questions about the custom accounting software, please comment below now:

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