Accounting and Billing Software

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What is accounting software?

Accounting software is a solution used by bookkeepers, accounting professionals, and business owners to process accounting transactions and manage accounts. Here are some of the most important features, benefits, and things to consider when you pick an accounting tool for your business.

ValueSoft is accounting software that makes recording and organizing accounting information so simple that in no time you will be in greater control of your business, right from invoicing to insights that matter business growth.

Defining business accounting

Accounting software is a solution used by bookkeepers, accounting professionals, and business owners to process accounting transactions and manage accounts. Here are some of the most important features, benefits, and things to consider when you pick an accounting tool for your business.

Why is accounting software important in business accounting?

Business accounting involves a wide range of activities in order to capture a business's entire financial picture. Done manually, it's complex and time-consuming work. But accounting software has helped simplify these processes, giving business owners more time to focus on the administration and execution of their strategies. Below are some of the key benefits of using accounting software:

( i ) Improved business efficiency ( ii ) Sync between invoicing, accounting, and inventory ( iii ) Improved speed of data entry and processing ( iv ) Error-free data-entry and accurate accounting reports ( v ) Auto-generated business reports ( vi ) Single source of data access for all functions in the organisation

Automating tasks

Manual data entry is tedious and prone to errors. With automation, accounting software keeps manual data entry to a minimum and increases efficiency. A good accounting system requires you to enter information only once and will automatically extract your data when you need to create a transaction.

Simplifying taxes

Tax time is exhausting for businesses. Manually keeping track all your transactions, calculating how much you owe, and filing your returns is a pain. Accounting software makes this process easier by keeping everything you need in one place. Your return reports are automatically prepared and you can file returns directly from your accounting system, without having to rely on a third-party app.

Integrate with other business apps

Business data only grows more complex with time. Integrations allow you to access and work with your data using two or more different applications from a single place. Accounting software can be integrated with online payment gateways, CRM solutions, reporting applications, and information management systems to add sales and business management functions to your accounting.

Key features of ValueSoft as accounting software

From basic features that keep track of the money coming in and going out of your business, to other advanced features that give you more control, accounting software offers a multitude of features that help simplify accounting tasks. The features of accounting software can vary depending on vendors. ValueSoft, a complete accounting software help you manage several functions of the business, starting from recoding the business transactions to generating complex reports, in an integrated manner.

Accounts receivable, for all money the business receives

Accounts payable,for all money the business owes

Pre-defined chart of accounts

Invoicing and billing

Flexible inventory management

Insightful business reports

Sales and purchase management

Record and Bookkeeping

Online business reports

Complete solution for GST, TDS and TCS

Accounting reports in ValueSoft

Accounting reports

•  Ledger reports
•  Cash/bank books
•  Purchase/sales register
•  Bills receivables
•  Bills payables

Financial reports

•  Balance sheet
•  Profit & loss A/c
•  Trial balance
•  Ratio analysis

Inventory reports

•  Stock summary
•  Stock ageing analysis
•  Movement analysis
•  Stock transfers
•  Stock item cost analysis
•  Location/godown summary
•  Stock-item-wise profitability
•  Order summary
•  Batch summary (Mfg. & Exp.Date)
•  Re-order status reports

Management control reports

•  Cost centre
•  Cost category
•  Budget
•  Cash flow report and projection

How to pick the right accounting software for your business

When picking an accounting software for your business, you need to understand your business requirements and the features you need. Here are a few things you should look for in your accounting tool:

Free trial

Your accounting software should offer you a free trial, so you have time to evaluate your choice. You'll want to enter a few test transactions to check the accuracy of the reports and the ease of use.

Ease of use

Accounting can be a complicated process, and the last thing you need is an accounting system that is difficult to figure out. So pick a program that has an easy-to-use interface and is not laden with unnecessary features.

Multi-user access

Most accounting systems let businesses add multiple users to the account to ensure controlled access to data. Some systems allow you to add and invite users at no additional cost. The accounting software you pick should let you invite users and collaborate with ease.

Automation

Most accounting systems let businesses add multiple users to the account to ensure controlled access to data. Some systems allow you to add and invite users at no additional cost. The accounting software you pick should let you invite users and collaborate with ease.

Online support

The first thing you need to decide when you pick an accounting tool is whether you want an offline accounting program or an online one. Your preference might depend on your business model and type. Because of it’s advantages over offline accounting solution, more and more business are opting for online software

Data security

If you are opting for an online accounting solution, data security is one of the most important things to look for. Check with the provider about how and where they store their data. You should also find out when the data is backed up and make sure it's frequent enough for your requirements.

Scalable

Most businesses make the error of picking an accounting program that meets their requirements at the time. But as a business grows, business owners often find that their accounting program falls short of their needs, requiring them to migrate to another solution. Pick a system that can scale with your business.

Pricing

Your accounting software should provide you all the accounting features you need at a reasonable price. Some accounting applications charge separately for updates and support, force you to buy add-ons, or charge extra for maintenance. Pick an accounting software that has no hidden charges associated with it.

Technical support

The accounting system you pick should be easy to use, but it should also be able to offer you assistance if you ever need it. You should assume that you will need technical support at some point and look for an accounting tool that offers support through email or phone.

Frequently Asked Questions

How to choose the best Accounting software in India?

•   Free trial
•  Easy to install and use
•  Scalability
•   Price
•  Online technical support
•  Data security
•  Anytime, anywhere access
•  Compliance

When is the best time to switch to accounting software?

The best time to switch to accounting software is when you want to automate and streamline your business process more. An accounting software like ValueSoft molds with your business and becomes your growth partner by offering capabilities, that will not only take care of your current needs but also future requirements.

What is the best accounting software for accountants?

The best accounting software for accountants is one that is flexible to take care of every aspect of a business. ValueSoft - a complete business management solution offers features like; inventory management, payroll management, statutory compliance, seamless banking experience, credit management, over 400 financial reports and many such capabilities to boost your business efficiency.

What is the price of ValueSoft accounting software?

Whether you're a small business or an enterprise, ValueSoft's business software caters to all your ERP or Accounting needs. See our plans, pricing:

Basic Version ₹ 9500 Incl. GST
Standard Version ₹ 12500 Incl. GSt
Is ValueSoft a good accounting software?

ValueSoft is a one stop solution to manage all business activities more efficiently. ValueSoft comes with a diverse set of readily available business reports with powerful and actionable insights, helping you make informed decisions for your business growth. Be it business relationships, cash or inventory, these reports will help you manage all these aspects better with extremely easy discovery and navigation.