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Why do you need a VAT compliant Accounting Software?

Running a business is an ardent task. Streamlining of business processes ensures that the business is run in a smooth and efficient manner. An Accounting Software is a must to automate all those time consuming and harder tasks. They will be able to perform their duties in an easier manner.

A user-friendly Accounting Software will be capable of offering the required accounting aid to its users. The tedious tasks such as data analysis, managing inventory stocks and goods, generating invoices and sending reminders for due payments and bank reconciliation will become quite challenging with the advent of VAT. Your Accountants will not have any other choices other than pondering over the spreadsheets and fidgeting with it to match your bank records with the business transactions.

We ran a campaign on LinkedIn and many users pointed out the disadvantages of using Spreadsheets. Mr Jeevanandham Gandhi pointed out that the spreadsheets are hard to manage and data security as the main drawback of using spreadsheets. Hence if an Accounting Software is to replace spreadsheets, then data management will become simpler.

An Accounting Software is the best option for error-free Payroll process. It could also help you to organize and store all the financial statements at a single place. With smart documents tagging, you can fetch the required document in a single click.

With the introduction of VAT, it is necessary to get real-time insights and visualize the cash flow record, credit and debt, total transactions, bank status that includes ongoing projects as well as total expenses incurred and the total amount that is due.

The Accounting Software should be data theft-proof and immune to any cyber-attacks. The Accounting data has to be safe and secured. With cloud-enabled Accounting Software, we could ensure that the data is in the right hands. Your Accounting and Financial team will no more be under dilemma of data theft.  

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