Whether you're running your own business, working as a book-keeper or accountant for someone else, or the the IT guy making sure the business has access to the tools they need there's one software category you have to keep in your business' application kitbag. That's accounting software. But today's applications go far further than double-entry accounting, raising invoices and producing a monthly or quarterly report for the tax office. They integrate with warehouse and logistics applications, point of sale terminals and other systems making them the heart of your business' backoffice. Two of the biggest players on the market are the veteran MYOB and the fast-rising challenger Xero.
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Accounting software company Reckon had added a new feature to its cloud accounting platform that allows customers to issue online invoices to their own clients that can be paid through PayPal. The new feature is targeted squarely at small and medium business (SMB) customers. Here's what you need to know.
Many small businesses rely on email to communicate with customers, suppliers and even with staff internally. Invoices are often issued and received through email so being able to easily keep track of them would be a godsend for a lot of small business owners. This is why Xero now let's small business users send and receive emails directly through its cloud accounting software through an integration with Microsoft’s Outlook REST API. Here’s what you need to know.
Dear Lifehacker, I find it hard enough to stay motivated to do my accounts, and downloading statements from multiple banks is an absolute pain in the butt. The double-handling of information just seems incredibly unnecessary in this day and age. Is there any way I can automate filling out all my Excel spreadsheets or use software to keep my books in order without breaking the bank?
Our roundup of online small business accounting systems earlier this year included QuickBooks Online, but at $295 a year that's overkill for smaller businesses. The newly-launched CashBook Online is a cheaper web-based option for small businesses from the same developer, priced at $198 a year.