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AccountingBasics of Bookkeeping and Accounting

Treat your business to new accounting software this Valentine’s Day

By 1st February 2017April 1st, 2022No Comments

Treat your business to new accounting software this Valentine’s Day – and fall in love with your accounts. Make doing your books a breeze from anywhere. Still using spreadsheets or old, outdated software? Do yourself a favour. Update it to make your life easier. Dump your old accounting partner for a new love affair.
What do you need from your software?
To find the best accounting software, consider what you need it to do. There is no point struggling in a relationship that just does not give you what you need. You need a great love affair with your accounting software to achieve success in your financial affairs. Here are some things you may want to think about when choosing new software:
A new business. Getting the right software when you start a new business sets you up for success from the beginning. It can save you hours of time and money in the long run.
Regulatory compliance. You may not know a lot about financial regulatory compliance, accounting or the tax laws. Good software packages can guide you to ensure you and your business comply with relevant legislation. You cannot get this sort of guidance using spreadsheets or notebooks.
Simplify your accounts. Simplify your accounts with the right love affair. Everything from everyday tasks like paying staff, connecting the point-of-sale system into your bank accounts and credit cards to setting your accounting software to automatically update your books and track expenses are possible.
Immediate, easy access. Easy instant access to you accounts from home, at the office and while you are on the road. You may need cloud storage options to take your new partner with you everywhere.
Fast business growth. Is your business growing quickly out of control? Well, a good accounting package will make this a breeze. Automate you accounting processes to suit your business needs.
What features do you need?
Accounting software can include functionalities and capabilities that help you manage your business finances. But, you may want software that is simple to use, portable and saves time. After all, time is money. Especially when in business for yourself. Choose accounting software that best suits your business and helps you see the bigger financial picture.
Here are some features included in accounting software packages:
Everyday accounting tasks. Do you need accounting software that only offers the basic stuff like automatic invoicing? Or, do you require more complex features such as tracking your expenses and income, managing client and vendor accounts, and generating financial reports on demand?
Automate your processes. Automating recurring processes like payments, invoice generation and reminders, and quote and estimate creation are a huge time saver. Doing this will always give you a glimpse at real-time data. You are always up-to-date with the truth.
Be prepared for the taxman. A love affair with your accounting software brings joy to not only your life, but to the life of your accountant at the end of the financial year. Set it up right and your software will generate automatic reports when you need them for the tax department.
• Maybe you need an accounting software that integrates into the tools and apps most used for your business. Things like your inventory and point-of-sale systems, and credit card processing to make your business life easier every single day.So, dump your old software for a new lover that can give you the benefits you need. An easy to use accounting software (like Big Red Cloud) can make you love doing your accounts.


Marc O'Dwyer

After completing a Graduate program in Marketing, Marc’s impressive sales career began at Allied Irish Banks, Pitney Bowes and Panasonic where he received numerous Irish and European sales performance awards and consistently exceeded targets and expectations. In 1992, Marc’s entrepreneurial spirit led him to set up his own business, Irish International Sales (IIS). Initially, this company was a reseller for Take 5 Accounts and Payroll software. Within four years, IIS became the largest reseller of Take 5 in Ireland, acquiring four other Take 5 resellers. He also found time to set up two mobile phone shops under the Cellular World brand and a web design company offering website design services for small businesses. In 2001, he bought the majority share in a small Irish software business, Big Red Book. At that time, the company was losing money. The company became profitable within two months, and Marc then acquired a payroll company to compliment Big Red Books Accounting products. In 2003, IIS were appointed as Channel Partners with SAP for their new SME product, SAP Business One. Marc sold his Take 5 business and concentrated on developing this new market for SAP As a result, by 2007, IIS was recognised as the largest Channel Partner for SAP in EMEA (Europe Middle East and Africa). In 2008, the IIS Sales Manager bought the Company from Marc in an MBO. He launched Big red cloud in June 2012, the online version of big red book, to date the company successfully converts 59% of trials into sales and the number of customers is growing rapidly. Marc continues to run both Big Red Book and Big Red Cloud which now support 75,000 businesses. He is a very keen sportsman, having played rugby for 20 years, represented Leinster at under 16 and under 20 levels, and league squash with Fitzwilliam Lawn Tennis Club for 10 years. Marc has competed in 11 Marathons, including the London and Boston Marathons, and has completed several Triathlons and Half Ironman races. He has also completed six Ironman Races in Austria(x2), Frankfurt (Germany), Nice (France) , Mallorca (Spain) and Copenhagen (Denmark)

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