There are ample of applications available having a variety of capabilities and features based on business requirement.
The few example of applications are QuickBooks, Quicken, Net suite, MYOB etc.
QuickBooks is widely used by Accountants worldwide. QuickBooks is accounting application which includes services that aid with receiving customer payments, making superannuation payments, remote payroll assistant and outsourcing, bank integration as well as integrating Google tool for marketing.
It may be customised internally by the organization or the company using it or may be purchased from the third party package. QuickBooks Bookkeeping can improve email functionality through Outlook express and Microsoft Outlook. The application has the capacity to generate more than 100 reports that permit the business owners to go through year over year income and expenses trends. Setting up this application right from the beginning will save your time and allow you to get more information through it.
MYOB is an important accounting program for Bookkeeping in Australian Market. It has its own powered services which gives the services that aid with bank integration, bill paying, Accounts Outsourcing management as well as receiving the payments. It is very easy to use and flexible. In MYOB the data can be hosted in local network as well so the owner can always access it even if the internet is down.
Both QuickBooks and MYOB include a company data auditor which makes the checking system before tax is prepared. Both programs give the recurring transaction. Both programs enable you to modify and delete previous pays if it is required. The security in both programs is good.
Rayvat Accounting provides you the Bookkeeping Services for your SME business on both this applications to help you know your business better by better accounting.