SMEs make the backbone of Malaysia’s economy as 97% of business establishments in Malaysia are small and medium sized enterprises. Most of them use simple accounting software to streamline businesses’ financial processes. It tracks sales, purchases and transactions with a simple and easy to use interface.
Accounting is the crucial part of any commercial business; therefore, every business requires accountant or simple accounting software to manage their business effectively. Software development companies have introduced simple accounting software with GST ready feature to help businesses in completing their tax obligations successfully. It completes most of the bookkeeping process of the business, generates reports and manages GST calculations.
Simple accounting software is important for tracking the success of your business. It allows users to store all the information that gives a clear picture of the business financial health. The software can easily manage book keeping and allows monitoring costs and revenues to maximize profit margins.
Desktop based accounting software is installed on computers that perform basic accounting tasks easily. It is suitable for small sized businesses. It can effectively manage and monitor your business.
Software development companies develop software keeping in mind the common user, therefore, people with no accounting knowledge can maintain proper bookkeeping with user friendly accounting software. It performs accounting tasks quickly that saves time and money. It also allows efficient management of information and finance easily.
Accounting software allows generating reports that show overall financial status of the company. It provides audit trail reports and sends them in Excel format.
Improve Financial Performance:
Accounting software gives insights of overall financial performance of the business. It handles all financial aspects of your company and keeps the record of business transactions. It manages general ledger, accounts receivable and accounts payable. Moreover, it allows tracking cash flow, revenue and expenses.
GST Ready Feature:
It is very difficult to calculate GST manually for businesses. Accounting software greatly helps businesses in performing accounting tasks. GST ready feature of simple accounting software gives accurate calculations of GST. It helps in GST reconciliation and tracking with just a click. It updates a knowledge database on GST.
Accuracy and Speed:
One of the greatest benefits of accounting software is a higher degree of accuracy and speed. It provides real time data that helps in streamlining business transactions.
Make sure the software you choose suits to your business needs and size. It allows you to keep track of your business performance. Good accounting software improves cash flow. Lots of companies are providing software solutions all over the world.
It is important to choose a reliable company. You can get recommendations from friends or relatives that are using software solutions and have positive remarks about its quality and features. We provide software solutions for small sized businesses in Malaysia. If you want to get quality software solutions for your business, contact us today.