Accounting Software Packages
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Accounting Software Packages - The Right Accounting software package should give you the information you need for management, tax estimation and tax preparation, and enable you to easily input the figures.
Management needs are usually balance sheets and P & L statements. There also may be a need for cash flow analysis, receivable/payable management and identifying profit or loss on a job by job basis (job costing).
Tax estimation/preparation functions should enable you to prepare quarterly state and federal estimated tax returns. The system should also give you annual figures that can easily be used for tax preparation, both state and federal. Much of this will depend on you and your accountant's ability to set up your chart of accounts properly. Sometimes there are conflicts between management and tax needs when setting up the accounts, but they can be resolved in time.
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Online accounting software and small business bookkeeping that is web-based, easy to use, intuitive and flexible.
Accounting Software packages allow finance professionals to quickly and easily conduct consolidations by dynamically combining multiple ledgers (such as those from different departments or business units) into a single, complete financial statement.
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Key features
Easy Data Entry
Powerful Reports
Easy to set up
Manage Bank Accounts
VAT reporting (including flat rate scheme)
Full invoicing Track debtors/creditors
Produce customer statements