Mobile has become an essential part of the new generation of accounting. You need not depend any more on filing cabinets and static storage to store your accounting data and software. Online accounting means you can work anytime, anywhere, on any device.
A recent business study by Intuit reveals that mobile users can save up to nine weeks per year by effectively using mobile devices. About 80% of business owners admitted they required anytime, anywhere access to their company data. Thus, it has become a necessity for accounting software vendors to provide mobile solutions.
Businesses can use mobile solutions to update contact information, check customer balances, and invoice and get payment in the field. This data is updated automatically in the accounting application. This helps to improve cash flow and profitability, and reduces customer management expenses. Businesses also become more efficient in customer service.
Young entrepreneurs take mobile solutions for granted, reveals the Intuit business study. Not surprisingly, a slew of vendors including Xero, MYOB, and Intuit are offering mobile apps that enable users to perform important tasks on their smartphone. For example, you can use MYOB’s free mobile app to manage contacts and invoicing, send receipts, and collect payments from customers. Our software directory will assist you in making a smart choice with a detailed list of reviews of all sorts of accounting software products.
We can safely expect more announcements, innovations, and mobile solutions from accounting software suppliers to help businesses manage their accounting tasks on mobile devices.
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FinancialForce Accounting for Salesforce is a simple but robust cloud accounting platform that can be used by both small and large companies. This application features the Salesforce Accounting app which utilizes the flexibility and power of the Force.com cloud platform to provide functions beyond basic transaction processing and bookkeeping.
Why is Sage 50 in our list of best accounting software with mobile apps? It is an ideal accounting software app for growing small businesses, and the tool is also scalable to perform big business accounting. It offers standard accounting features such as cash flow management, bill payments, and account payables and receivables. Sage 50 also provides advanced accounting functionalities such as module-level security and inventory management.
FreeAgent is a web-based accounting and financial management app that is ideal for small businesses that have up to 10 employees. It provides real-time visibility into a company’s financial operations. FreeAgent is used by more than 35,000 freelancers and small companies in over 80 countries to manage their invoicing and books.
Xpenditure is a web-based app that automates the expense management process from receipt to accounting. The tool makes use of intelligent scanning to allow any user with a tablet, smartphone, or webcam to digitize, store, and manage receipts. It is ideal for small business owners and freelancers who do not have the time to monitor business expenses and receipts.
KashFlow is a popular accounting and bookkeeping app in the U.K. It is cloud-based and easy to use. The tool aims to remove the stress involved in accounting and bookkeeping, and enable small businesses to focus on essential operations. KashFlow users can monitor their expenses, balance their books, and generate quotes and fully customizable invoices.
What Do Accountants Value Most In An Accounting Software?
According to a Forbes study, most executives operate on a multidevice basis, using their laptop, smartphone, and office PC depending where they are. So having an accounting software with a solid mobile app is a plus, but not necessarily a deal-maker. At the end of it, you want a software with fully functional tools that your accountant/bookkeeper can use; while you as the senior executive need only access to the reports.
Go get a software with strong emphasis on mobility if you’re a consulting accountant who services multiple clients in different locations. But a heads up on the list above, many of these apps are not comparable 1:1. Some like Xpenditure are specific-app that only deals with expenses, while Sage 50 is a fully featured software.