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Showing 101 - 120 of 151 Products

78% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More

Nimble Property logo
Hotel Accounting Software 3 Based on 3 Ratings
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What is Nimble Property and how does it work?

Accounting software is Nimble Property. Nimble Property eliminates the administrative hassles and operational costs involved with your hospitality management with a range of important hotel accounting features and flawless functioning. Their technology uses business intelligence to turn your data into actionable hotel performance statistics that can help you make better decisions. Nimble Property's accounts payable automation might help you improve your cash flow. Nimble Property is a one-of-a-kind accounting and analytics solution that handles all aspects of accounting, including AP, AR, P&L, Balance Sheet, Cash Flow Statements, Inventory Tracking, Expense Analysis, Sales Records, Auto Banking, ACH, Budget and Forecast, 1099, and more. Nimble Property's accounts payable automation might help you improve your cash flow. You can also manage labour, combine accounts, monitor finances, reduce manual entry errors, and interact with property management software effortlessly. Nimble Property's straightforward and responsive accounting solution can help you arrange your Guest Satisfaction, STR, Accounts, PMS Feeds, and Banking. Their user interface is straightforward and intuitive to use, as well as accessible and customised. Furthermore, by obtaining access to all of your properties' daily revenue analysis, sales insights, and finances, you can empower your business.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read More

  • Features 87%
  • Reviews 60%
  • Momentum 60%
  • Popularity 71%

Nimble Property Pricing

  • Free Trial Not Available
  • Nimble Property Offers Custom plan.

78% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More

KoinX logo
Benefit from high accuracy Write a Review
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What is KoinX and how does it work?

KoinX provides the highest quality and most reliable source for digital asset trading and management. Developed, tested, and backed by some of the world's most renowned business leaders, including Sandeep Nailwal of Polygon, Maninder Gulati of OYO, and others, KoinX is sure to become an industry leader in digital asset trading and management. With a sophisticated security system that guards assets at every level while providing unparalleled protection to user accounts during transactions, users can rest easy knowing their investments remain safe. The intuitive experience makes it easy to navigate through the full range of services available with KoinX – perfect for users at any level in terms of expertise or capitalization. The detailed analytics page gives users unprecedented insight into their portfolio performance – an invaluable asset for tracking exit points for maximum profit potential! Whether you are trading cryptocurrency or managing your digital assets, KoinX has all your needs covered.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read More

  • Features 74%
  • Reviews 60%
  • Momentum 65%
  • Popularity 83%

KoinX Pricing

  • Free Trial Not Available

78% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More

Reach Accountant logo
Best Accounting Software in India 4.9 Based on 7 Ratings
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What is Reach Accountant and how does it work?

Reach Accountant is an Online Monthly Accounting Service. You can consider this as a good replacement for your part-time accountant and Accounting Software. You will find this service useful if you are struggling to finish your monthly accounting and file tax returns on time.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read More

  • Features 79%
  • Reviews 64%
  • Momentum 61%
  • Popularity 76%

Reach Accountant Pricing

  • Free Trial Not Available
  • Starts at $630.00.

78% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More

Reporter Software logo
All-in-one Accounting Software Write a Review
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What is Reporter Software and how does it work?

Reporter Software is an Inventory Management & Accounting tool for small business. The software offers sales invoices with company logo, ledgers/accounts updated automatically. Record the payments made by the customers with purchase invoices. Generate reports with summary of transactions made to measure the business performances.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read More

  • Features 87%
  • Reviews 60%
  • Momentum 60%
  • Popularity 64%

Reporter Software Pricing

  • Free Trial Available
  • Starts at $100.00.

78% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More

PEASx logo
An inventory and Accounting Management Software Write a Review
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What is PEASx and how does it work?

Peas-x is a complete Retail Management System that offers small and mid-market retailers a complete point-of-sale solution that can be adopted to meet unique retail requirements. This powerful software package automates POS processes, store and accounts and integrates with other popular applications.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read More

  • Features 82%
  • Reviews 60%
  • Momentum 60%
  • Popularity 74%

PEASx Pricing

  • Free Trial Available

78% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More

Bean Cruncher logo
Manage accounts with ERP made ease 4.8 Based on 6 Ratings
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What is Bean Cruncher and how does it work?

Bean Cruncher is a comprehensive online accounting software with an advantage to create custom features that meet your workflow. It allows maintaining basic functionalities like General Ledger, Receivables & Payables, Inventory Management and offers features that cater to a diverse industry like a car wash, franchise, etc., Bean Cruncher can set standard Key performance indicators that help to automate the workflow at every operational level. This platform can be hosted on the private cloud and get support over email and phone.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read More

  • Features 83%
  • Reviews 61%
  • Momentum 62%
  • Popularity 66%

Bean Cruncher Pricing

  • Free Trial Available
  • Starts at $95.00.

78% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More

Jaz logo

Jaz

Next-gen accounting and finance platform Write a Review
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What is Jaz and how does it work?

Introducing Jaz, the cutting-edge accounting and finance platform that represents the future of financial management for businesses. Jaz offers a comprehensive suite of tools to seamlessly handle money management, streamline the book-closing process, and supercharge essential business workflows. This next-generation platform is designed to empower organizations with intuitive features, ensuring efficient financial operations and unleashing transformative capabilities to enhance overall business performance. Jaz stands out as a holistic solution that caters to the dynamic needs of modern businesses, providing a user-friendly interface that facilitates quick and effective financial management. From the meticulous handling of financial transactions to the swift closure of books, Jaz is engineered to deliver results, allowing businesses to focus on their core operations. The magic of Jaz lies in its ability to revolutionize financial workflows within minutes. Users can experience the transformative impact of this platform, witnessing increased efficiency and accuracy in financial processes. Jaz is not merely an accounting tool; it's a catalyst for organizational success, ensuring that financial management becomes a seamless and strategic asset for businesses aiming to thrive in the contemporary landscape. Elevate their financial operations with Jaz, where innovation and functionality converge to redefine the paradigm of accounting and finance platforms.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read More

  • Features 86%
  • Reviews 60%
  • Momentum 60%
  • Popularity 64%

Jaz Pricing

  • Free Trial Not Available
  • Starts at $30.00. Offers Free-forever and Custom plan.

78% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More

QuickBooks Desktop Enterprise logo
Managing enterprises effortlessly with an all in one solution 4.2 Based on 25 Ratings
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What is QuickBooks Desktop Enterprise and how does it work?

QuickBooks Desktop Enterprise is an all-in-one solution for managing enterprises with ease. With the software, it is possible to carry out accounting, reporting, and inventory management in the blink of an hour. Besides, payroll, job costing, and time tracking can also be done along with several other important tasks. By configuring the software, it has the capacity to handle over 1 million customers of a single enterprise. Enterprises using the software have enhanced collaboration, elevated productivity, and ease of enabling it from anywhere in the world in association with “hosting”. Automating work is also a feature of this software. It is possible to integrate time tracking along with Salesforce CRM connector, and payroll tools. The software has an industry focused edition with which it is easy to access tools and build a particular business. With it, all the data of a company can be accessed quickly through QuickBooks. It fastens workflow and hence helps in fruitful decision making.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read More

  • Features 90%
  • Reviews 60%
  • Momentum 60%
  • Popularity 60%

QuickBooks Desktop Enterprise Pricing

  • Free Trial Not Available
  • Starts at $166.40.

78% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More

FinalBooks logo
Modern toolkit for your business 4 Based on 1 Ratings
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What is FinalBooks and how does it work?

FinalBooks have great features that will simplify all your accounting activities. Increase your sales and keep track of every unit with the powerful stock management and inventory control software. FinalBooks Gym and Studio management, designed to cater to the unique needs of gyms, fitness, yoga and pilates studios. Paydays made easy. Replace your in-house/manual payroll system with a state-of-the-art online payroll management solution. Point of sale that is beautiful, simple, and powerful. Create memorable customer experiences and seamless sales in-store, online or on the go.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read More

  • Features 84%
  • Reviews 60%
  • Momentum 61%
  • Popularity 68%

FinalBooks Pricing

  • Free Trial Available
  • FinalBooks Offers Custom plan.

78% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More

Tazweed logo
Work smarter and manage business effectively with Tazweed Write a Review
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What is Tazweed and how does it work?

Tazweed Business is a fast, secure and customizable cloud-based management software that lets users manage their businesses effectively. This software is mainly used by independent businesses and freelancers who require to manage their employees, inventory, invoices and job cards on devices. It is powered by an advanced AI engine, which offers a friendly and intuitive UI, thus helping users to track everything that is going on in their business. One can easily generate invoices, inventory status, profit margin and other such information 24x7 across the globe. This cloud solution has been tailor-made to serve several industries and deliver any individual’s needs based on their requirements. This cloud-based product suite enables users to pay much attention to their workforce management. The application offers a simple way to generate estimates or invoices from any device or platform. This helps to save time and allows one to stay more professional and organized. Users can manage their inventory with ease by fulfilling orders faster, reducing processing time, shipping items on time, minimizing or eliminating shipping errors and handling accounting operations accurately.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read More

  • Features 76%
  • Reviews 66%
  • Momentum 64%
  • Popularity 74%

Tazweed Pricing

  • Free Trial Not Available
  • Starts at $6.33.

77% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More

FinFloh logo
Transforming receivables management with FinFloh Write a Review
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What is FinFloh and how does it work?

FinFloh revolutionizes the accounts receivable process with its cutting-edge AI platform, designed to expedite the collection of payments. Tailored workflow automation, along with strategic buyer-seller collaboration, ensures quicker turnaround times, optimizing the credit decisioning based on comprehensive data analytics. The seamless ERP and accounting software integration, coupled with Payment, CRM, and Communications systems, simplifies complex infrastructures, creating a unified data ecosystem. FinFloh's AI-enabled multi-channel follow-up system adjusts tone and frequency in relation to the buyer's credit risks and past payment patterns, facilitating smoother transactions. Dispute resolution is streamlined through transparent workflows that foster cooperation among internal teams, identified by clear roles and responsibilities. Additionally, FinFloh's OCR technology automates the tedious task of invoice match-ups to incoming payments, significantly reducing manual errors and freeing up valuable human resources for strategic tasks. In-depth market insights and receivables data afford a better understanding of the client base, enhancing credit management strategies with FinFloh's comprehensive solution.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read More

  • Features 88%
  • Reviews 60%
  • Momentum 60%
  • Popularity 63%

FinFloh Pricing

  • Free Trial Not Available
  • FinFloh Offers Custom plan.

77% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More

Bookleaf logo
The bookkeeper that never sleeps Write a Review
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What is Bookleaf and how does it work?

Bookleaf is a platform that takes care of your accounting needs in business by following a straight forward business model. It helps you with your bookkeeping needs, doesn’t matter whether you are a busy manager or a small business owner. It offers you licensed accountants keeping your business books for you in an accountable presentation. Bookleaf assigns a dedicated accounts manager to your business who looks after your bookkeeping. After deriving the required information about your business accounts, the app’s accounts manager is entitled to bookkeeping for you every month. Users also get a monthly financial reporting of the company to help the owner keep the finances in check. The platform also provides a team of dedicated accountants looking after the queries of the users, at any point in time. With Bookleaf, have your business accounts maintained by professionals in a very cost-effective way. The app also specialises in handling the accounts of diverse industries, thus offering them custom and more effective solutions. Be it for your real-estate business, your medical industry or for your large Enterprise, Bookleaf can handle all of your accounting needs.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read More

  • Features 86%
  • Reviews 60%
  • Momentum 61%
  • Popularity 61%

Bookleaf Pricing

  • Free Trial Not Available
  • Starts at $99.00.

77% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More

Munim logo
Online Accounting Software Write a Review
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What is Munim and how does it work?

Munim the best online accounting software in India. Maintain accounting records, manage inventory, generate invoices and pay GST easily. The best thing about Munim is, it is highly cost-effective and it takes a few minutes to master.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read More

  • Features 74%
  • Reviews 60%
  • Momentum 65%
  • Popularity 76%

Munim Pricing

  • Free Trial Not Available
  • Munim Offers Custom plan.

77% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More

Vic.ai logo
AI accounting to save time and money 4.8 Based on 5 Ratings
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What is Vic.ai and how does it work?

Vic.ai is an AI pioneer constructing autonomy and intelligence to digitally remodel accounting and finance to enhance productivity, decision-making, and ROI. Already surpassing human-stage accuracy for many obligations, Vic.ai enables accountants, CFOs, controllers, and bills payable (AP) groups to emerge as greater green and decrease mistakes on habitual obligations, inclusive of bill processing, approval workflows, and digital fee processing. Vic.ai provides its users with real-time insights, benchmark data, and suggest cost optimization strategies by normalizing and analyzing costs with the help of artificial intelligence and statistical analysis. Vic.ai makes use of an open API and common data model through which you can ingest master data and supplemental information from any ERP system. You can integrate Vic.ai into your own workflow or trust one of our premium implementation partners for help. Vic.ai is powered by leading AI engineers globally and is here to empower your finance team and lead you through your AI journey. VIc.ai offers a significant reduction in time spent, fewer errors, no duplicates, effective approvals, seamless integrations.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read More

  • Features 71%
  • Reviews 65%
  • Momentum 70%
  • Popularity 74%

Vic.ai Pricing

  • Free Trial Not Available
  • Starts at $1490.00. Offers Custom plan.

77% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More

GimBooks logo
A Unique Mobile-first Bookkeeping And Integrated Banking Platform Write a Review
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What is GimBooks and how does it work?

GimBooks is a cloud-based tool that lets users create professional and elegant looking Invoices, Purchase Orders, and Quotations, while also managing their inventory, expenses, and ledgers. The tool enables the MSMEs to manage their business efficiently. Users can select beautiful & professional looking Invoices specific to their industry or trade. Using the tool, users can create and share GST Invoices & E-waybills with customers and also manage and check their inventory instantly. Users can use Gimbooks to send gentle reminders to their customers near the due date of the invoice. It also has a reporting tool that lets users keep a live track of various business reports. Users can also file their GST efficiently and in no time. Users can check out and create other vital documents like purchase orders, delivery challans, debit notes, and credit notes using this tool. GimBooks can be used via any browser. It also has a mobile app that can be downloaded from the Playstore for quick use.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read More

  • Features 78%
  • Reviews 60%
  • Momentum 62%
  • Popularity 73%

GimBooks Pricing

  • Free Trial Available

77% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More

Settle logo
Pay the way you want Write a Review
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What is Settle and how does it work?

Settle is an all-in-one payments solution tailored to the needs of growing e-commerce brands. By providing a single platform to pay bills, manage invoices, and apply for flexible financing solutions, They make it easier for founders and small business owners to spend time on building incredible businesses. Pay bills, manage invoices, and track payment statuses all from a single platform. Seamlessly send payments via ACH, domestic or international wire transfer, and even paper check. Split and defer payments in dollars, euros, or yen (and more). Apply for financing without leaving couch.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read More

  • Features 74%
  • Reviews 60%
  • Momentum 64%
  • Popularity 74%

Settle Pricing

  • Free Trial Not Available
  • Starts at $90.00. Offers Free-forever and Custom plan.

77% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More

Global PayEX logo
Allow AI to take over working capital optimisation with ease Write a Review
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What is Global PayEX and how does it work?

Global PayEx is an AI-powered platform designed for working capital optimisation in B2B accounts payable (AP) and accounts receivable (AR). Simply put, Global PayEX offers working capital efficiency leveraging extensive and sophisticated AI-driven AP and AR monitoring solutions. The software is capable of improving all metrics of working capital including DPOs, DSOs, cash conversion cycle (CCC), reconciliation costs and time, unapplied receipts. The inbuilt technology is such that it processes millions of payments and invoices with automated reconciliation to the ERP systems. Some of the notable products of Global PayEx for AR include FinEX, FreePay, AlgoriQ, Request to Pay and e-Proof of Delivery. For AP, the products are AP Automation and AP Financing. Request to Pay enables end-to-end AR automation through an invoice presentment via a customised link for view, payment, reconciliation and ERP posting. PayEX Scheme Management enables corporates in managing trade schemes, commissions and payouts for their customers. PayEX Pact enables banks to support OPGSP transactions, compliance and regulatory reporting.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read More

  • Features 80%
  • Reviews 60%
  • Momentum 62%
  • Popularity 68%

Global PayEX Pricing

  • Free Trial Not Available
  • Global PayEX Offers Custom plan.

77% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More

Denario logo
Maximize your business cash flow Write a Review
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What is Denario and how does it work?

A secure solution that streamlines your finances, pays invoices on time, and prepares your monthly accounting. Centralize your invoices from various sources. Connect your financial tools for a clear view across accounts. Schedule your payments and sync with your accounting software for seamless reconciliation.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read More

  • Features 81%
  • Reviews 60%
  • Momentum 61%
  • Popularity 67%

Denario Pricing

  • Free Trial Not Available
  • Denario Offers Custom plan.

76% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More

Smaket logo
Accounting and GST Billing Software Write a Review
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What is Smaket and how does it work?

Introducing Smaket, the all-in-one billing and accounting solution that is revolutionizing the way businesses handle their finances. Say goodbye to the days of tangled spreadsheets and endless calculations, and hello to a simpler, more efficient era. Designed specifically for professionals like them, Smaket is the game-changing cloud-based software that takes the stress and hassle out of creating GST-compliant invoices. Whether you're a small business owner or a freelancer, Smaket is here to streamline their accounting processes and help they focus on what truly matters - growing their business. With Smaket, they don't need to have prior accounting knowledge to stay on top of their finances. This easy-to-use interface and intuitive features make it accessible for anyone, regardless of their level of expertise. Simply input their data and let Smaket handle the complexities, giving they more time to nurture their business and achieve their goals. One of the greatest advantages of Smaket is its accessibility. With this cloud-based system, they can access their business data at any time, from anywhere, and from any device. This means they can stay on top of their finances, no matter where their work takes them. So whether they're at their desk, on a business trip, or even on the beach, Smaket ensures that their financial data is always just a click away. Don't let accounting and billing hassles hold they back from reaching new heights in their professional career. Switch to Smaket today and experience the ease and efficiency of a top-of-the-line billing and accounting solution. Grow their business with confidence and peace of mind, knowing that Smaket has got their back every step of the way. Try Smaket now and see the difference it can make for their business!

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read More

  • Features 84%
  • Reviews 60%
  • Momentum 60%
  • Popularity 67%

Smaket Pricing

  • Free Trial Available
  • Smaket Offers Custom plan.

76% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More

SkyStem ART logo
Facilitates easy account reconciliation 4.3 Based on 103 Ratings
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What is SkyStem ART and how does it work?

ART is an accounting software that is available both in web-based and SaaS versions, so installing anything is not necessary. With this automated accounting tool, your can benefit from advantages like real-time updates, automatic reporting, automated reconciliation, quick implementation etc. Users can have their own internal server to enjoy an unlimited and easy access anytime. Art offers a deeper insight into the balance sheet and with its robust workflow management features, makes the job a lot easier. This accounting tool provides real-time tracking and ensures a hassle-free audit. This is a software of choice for month-end close and reconciliation automation.

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SW Score Breakdown The SW Score breakdown shows individual score for product features.Read More

  • Features 72%
  • Reviews 66%
  • Momentum 61%
  • Popularity 72%

SkyStem ART Pricing

  • Free Trial Available
  • SkyStem ART Offers Custom plan.

Pricing Insights for Accounting Software

  • The Average Cost of a basic Accounting Software plan is $19 per month.

  • 44% of Accounting Software offer a Free Trial Allows users to try out the software for a limited period before making a purchase decision. , while 21% offer a Freemium Model Allows users to access basic features at no cost..

List of Accounting Software

PRODUCT NAME SW SCORE AGGREGATED RATINGS
Nimble Property Nimble Property 78 3
KoinX KoinX 78 0
Reach Accountant Reach Accountant 78 4.9
Reporter Software Reporter Software 78 0
PEASx PEASx 78 0
Bean Cruncher Bean Cruncher 78 4.8
Jaz Jaz 78 0
QuickBooks Desktop Enterprise QuickBooks Desktop Enterprise 78 4.2
FinalBooks FinalBooks 78 4
Tazweed Tazweed 78 0

Overview

An Accounting Software is designed to provide an online platform to manage all the accounting activities of a business. This software helps an organization by integrating various data from different departments and allowing accountants to work in collaboration. The main services provided by these software include accounts handling, general ledger, bank reconciliation, billing & invoicing, and tax management. This software is very beneficial for any organization as it helps them save crucial time and money.

What is Accounting Software?

Accounting software is a well-developed computer program that helps bookkeepers and accountants in recording and keeping a track of the company or the firm’s financial transactions. Usually, the working of the accounting software depends on the type of product that you will use. Most important firms choose to use a customized solution that allows the integration of a large amount of data and records. Smaller firms, however, choose to work with account software that is available to them from the internet.

Why use Accounting Software?

Efficient:

If you would like your business to work efficiently, you will have to take up the most efficient accounting software out there, based on the job you are required to do. Most accounting software allows you to complete your bookkeeping in a few clicks. All that you will require is an internet connection. It will also store all your information in one place, so you will not have to refer through previous transactions. There will be no waste of time digging through spreadsheets and unnecessary paperwork.

Auto-accounting:

Automatic accounting can really make your life a lot easier. Auto-accounting software can add, add statements, generate invoices, etc. This can save you a lot of time and provide you with an accurate calculation, as compared to accounting done by hand. With accounting software like this, the platform for errors is minimal and you can get your job done faster.

Tax filing made easy:

Accounting can be tough at times, especially when you find yourself surrounded by disorganized receipts. This can get you into all sorts of trouble like fines and penalties and in worse scenarios, even legal action. Accounting software can help you avoid these mishaps. It helps in keeping your business transactions in an organized manner. Your receipts can be stored in one place and will be easily accessible. What’s more, when it comes to returns, your tax preparer can gain easier access to your books. Thus, you will be spending less time and fewer risks in your work.

Audit protection:

The job of auditors is to check your books for the correct information that you record. If you slip, they may reprimand you and you will have to deal with heavy casualties. This can be avoided easily through Accounting Software. There will barely be any errors that can get you into trouble. This software helps in preventing IRS red flags, thus avoiding auditors on the go.

Pre-planning made easy:

Accounting software helps you in planning ahead by tracking your financial history. You can track your previous income and compare it with your present income and savings, therefore setting up financial and business milestones for yourself to overcome.

Top Features of Accounting Software

Accounting software comes with features that will help you in keeping track of your records with ease. Listed below are the top features that you must look to when picking your accounting software.

Core Accounting:

Accounting Software must contain the basic functions- general ledger, account payable and receivable, fixed assets, and bank reconciliation.

Invoice and Billing generator:

Good accounting software must not be the one that just prepares invoices, but also does a complete round of tasks that will help you get through the accounts and finance.

Budget preparation and result forecast:

A common feature offered by Account Software is the ability to calculate and interpret finance performance for the current year all the while managing and estimating the budget for the upcoming year, using the data of the previous years. This is very helpful for the company to pre-plan its finances.

Managing salaries and payments:

Employee payrolls are important and Accounting Software will help you through it by preparing the cheques for their payments. It will also help you through the legal and tax commitments without silly errors.

Top Use Cases for Accounting Software

Industry-level use cases

Retail Industry:

If you choose to work in the retail industry, you will have to prepare yourself for frequent auditors and data updates on a daily basis. You are going to have to check and re-check your work every time you leave your workplace. Keeping the revenue and expenses to the tee is very important to the retailer, so to overcome the stress that comes with this job you may choose to rely on accounting software. These will keep track of your receipts and expenses.

Hospitality Industry:

It is no news that the hospitality industry has to keep track of its accountants and books. Submissions of financial reports to the managers and sudden auditors are the usual thing. The industry work on thousands and thousands of transactions each and every day. It is in cases like these where accounting software is a must to keep track of billings, payrolls, revenue, and daily expenses.

Educational Industries:

Colleges, Universities, and Schools have a large amount of staff and hence keeping a track of the payroll can be rather tedious. It is in this case that Accounting Software comes in handy. It keeps track of the salaries and wages, and also maintains the funding and the revenue of the institutions.

Functional level use cases

Accounting software helps in the billing and invoicing of various business sectors, as it is less tedious and accurate. Moreover, it does it within a short amount of time hence helping the business company with more time to gain more profits. It helps out in banking work, and in keeping track of expenses. Accounting Software also offers other methods of payment like credit card payments, online bank transfers, and Net banking. It helps the retailers in maintaining the billing and revenue of the store and keeping track of the staff payrolls.

Buying Considerations

Pre-tests:

Accounting Software allows a one-month trial period to test out the software before you make the purchase. Take advantage of this to get to know your software better.

Check out the features:

Check out the features before you make the purchase. Make sure that the software provides you with the features they have guaranteed in the advertisements.

Attains to your work:

Make sure that the features you opt for are the ones that will make your work easier in the workspace. The features you set out for, must be the ones that come in handy while accounting.

Making the final decision- Choosing the right Accounting Software

Always keep the required features in mind while taking up the test period. It is at this time you will get to decide if this is the right accounting software for you. Accounting software is very useful when it comes to the world of billing and bookkeeping, but life becomes so much easier when you’re working with the right software.

Features

Typical Features

Tax Management

Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time

Spend Management

Managing the expenditure of a business in order to build its product or services

Revenue Recognition

Determining the specific conditions under which revenue is recognized or accounted for

Purchasing

Acquiring goods or services required for the business at minimal cost

Project Accounting

Creation of financial reports specifically designed to track the financial progress of projects

Payroll

Handling the salary payable to the employees

Multi-Currency

Enables payment and collection in multiple currencies.

General Ledger

Maintaining and recording all the accounting related transactions.

Fixed Asset Management

Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence.

Expense Tracking

Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process.

CPA Firms

Offers collaboration with a professional expert for financial and consulting services.

Collections

Recovery of cash from a business or individual.

Cash Management

Collection and management of cash.

Billing and Invoicing

This feature helps in issuing and handling the invoice and bills.

Bank Reconciliation

Matching the balances of an entity's accounting records with the corresponding information on a bank statement.

Accounts Receivable

Handling the money the client owes to the company.

Accounts Payable

Handling the money owed by a business to its suppliers.

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