What is an Accounting Software Solution?
The accounting software solution is a software application used by bookkeepers, accounting professionals, and business owners to process accounting transactions and manage accounts.
It is the primary tool for assessing the financial health of an organization and for meeting legal compliance through tools like general ledgers, account payables and receivables, purchase orders, stock management, and billing. We list below some of the most important features, benefits, and things to consider when you pick an accounting tool for your business.
Features of the Best Accounting Software Solutions by PBSS:
General Ledger
Records all financial transactions for comprehensive financial management.
Basic accounting key features, such as general ledgers, chart of accounts, invoicing, tax management, account reconciliation, accounts payable, accounts receivable, payroll and financial reporting, and payments records, are included in our accounting software solution.
It can efficiently manage all the details from initial financial statements, tax calculations, bank statements and balances, cash flow management, accounts receivable (AR), and accounts payable (AP).
User-Friendliness
Intuitive interfaces and user-friendly workflows for easy adoption.
Accounting software solutions, in general, caters to all types of users. There is no specific domain that accounting favours but the customers may vary from domain and vertical. Accounting software solutions must be user-friendly and intuitive, and anybody can utilize it from your staff, including those who aren’t accounting or tech knowledgeable.
Good accounting software solutions should have multi-dimensional reporting capabilities, which means your team will be able to create reports in-sync with your company’s needs and goals.
Analysis and Reporting
Generate insightful reports and analyze financial data for informed decision-making.
Analysis and reporting are the qualities that a good accounting & finance software must own. Record maintenance is a basic need of any business to analyze and report on critical financial situations. Easy access to the records can facilitate major tasks and meetings within organizations. At the time of decision-making, this analysis and reports will help the management and save time.
Automatic Updates & Scalability
Stay up-to-date with the latest software enhancements and easily scale as your business grows.
Accounting software should be able to expand with the firm as it becomes larger and more affluent. The program should be able to adapt on its own or be quickly updated. It should be able to handle a greater user base, as well as more transactions.
Billing, Invoicing & Payment Processing
Efficiently manage billing, invoicing, and payment processing for seamless financial operations.
Our Accounting software solutions are capable of managing invoicing processes and payments at their best. This connects with accounts payable, accounts receivable & sub-ledger.
Security
Robust security measures to safeguard sensitive financial information.
The accounting department always has sensitive and vital financial information, which we can also say knows about the secrets of any business. Thus it is critical to maintaining the data secure and safe. Accounting software solutions maintain an extreme level of security.
Easy Stakeholder Connectivity
Connect effortlessly with stakeholders, such as clients, vendors, and financial institutions.
Good accounting software solution makes it easy for you and your finance team to coordinate with customers, banks, and all stakeholders. Documenting and checking accounts, bank statements and balances, monitoring and managing credit, and tracking payments and due dates with suppliers and customers are all essential factors in proper accounting management.
PBSS Group offers Sage 50 and QuickBooks Accounting Software Solutions to small scale businesses and startups
SAGE 50 Accounting Software offered by PBSS:
SAGE 50 Accounting is a powerful and easy-to-use software that simplifies your everyday accounting tasks. It provides valuable insights to help you save money and work more efficiently. With SAGE 50 Cloud, we offer three versions tailored to different feature and user needs:
– Pro
– Premium
– Quantum
Having served over 3.3 million customers worldwide, SAGE 50 remains a trusted name in the accounting software market. From the entry-level simplicity of SAGE 50 to the advanced features of SAGE 50 Quantum, it caters to businesses of all sizes and budgets. SAGE 50 Quantum can accommodate up to 40 users, making it ideal for larger organizations.
QuickBooks Accounting Software offered by PBSS:
QuickBooks is a user-friendly accounting software designed for small businesses. It efficiently tracks and organizes all your financial information, providing accurate and up-to-date insights for informed decision-making. With QuickBooks, you can break down your results by day, week, or month for products or customers, compare data with previous periods, and access detailed analysis with just a few clicks.
As the world’s most popular business accounting software, QuickBooks offers simple menu structures and intuitive interfaces. It is suitable for small to medium-sized businesses looking for a straightforward solution to maintain their financial records.
Make the most of your accounting process with PBSS Accounting Software Solutions. Contact us today to optimize your financial management and drive your business towards success.
Our Customers Say
Great Organization with an excellent team. I'm very happy with the product. During the work process, they were very smart and willing to try out various things according to our requirements. I would recommend them to any organization which is looking for a PAY/HRM solution or any other business solution.
Mr. Dimuth Gamage Group IT Manager - Union Apparel
Since we are into manufacturing of Spices and related products, we cater to a highly competitive market. Also, Feelan has a very strong trading arm which is complicated with many pricing and segment schemes and the implementing partner requires deep knowledge in understanding the logics behind. Therefore, partnering with a reliable software solutions company that has the expertise and as well as the experience was a key requirement when we implemented the SAP Business One ERP. With PBSS we have managed to continue a successful partnership and the after-sales support has been excellent when it comes to all our requirements and add-ons.
Mr. Thushara Sampath Finance Manager - Freelan Enterprises
We have had a longstanding partnership with PBSS Group for almost a decade now and one of their first customers to go ahead with SAGE 200. Also digitizing processes with a reliable SFA & RD solution for all our sales force automation and re-distribution requirements was crucial and partnering with PBSS has indeed helped us analyse all aspects required to run our business and increase productivity which has helped us to make well-informed strategic decisions.
Mr. Dhanushka Silva Head of IT - Edinborough Products (Pvt) Ltd
We managed to improve our business in a very efficient and productive manner and all the information regarding my company is at a fingertip that allows me to take speedy management decisions.
PBSS dedicated team made it possible and are with us throughout.
Mr. R.P.M. Zalmy Managing Director - Edinborough Food Products
Sage Evolution ERP is the ERP solution we have been using for over 5 years to manage all the operations related to our manufacturing company as well as Distribution Company. Processes such as Manufacturing, Procurement, Inventory Control, Selling & Distribution, and Finance are 100% based with the ERP.
In addition RD System of our re-distribution operation runs with Sage and integrated with back end ERP to handle back and forward orders.
PBSS has been our implementation partner and working hand in hand to do more enhancements in the years to come,
Mr. Paranavithana Managing Director - Polycrome Electricals (Pvt) Ltd
Frequently Asked Questions
Accounting software solutions can be complex to understand. Here are 4 questions answered for you to help you get the most out of your accounting software solution.
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What is accounting software solution??
Accounting software solutions are typically used by businesses, both small and large, to simplify their financial management processes, improve accuracy, and increase efficiency. These software applications often include features such as general ledger management, accounts payable and receivable management, inventory tracking, budgeting, financial reporting, and tax management.
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How many types of accounting software are there??
There are several types of accounting software available in the market, each with its own features and target audience. Here are some common types of accounting software: Small Business Accounting Software, Enterprise Accounting Software, Online/Cloud-based Accounting Software, Industry-Specific Accounting Software, Open-Source Accounting Software, Personal Accounting Software, Payroll Software.
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Which software is mostly used in accounting??
There are several accounting software solutions available, and the popularity of specific software can vary depending on factors such as the size of the business, industry, geographic location, and individual preferences. However, some accounting software solutions are widely recognized and commonly used in the accounting field.
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What is the most effective accounting software for accountants??
Determining the most effective accounting software for accountants depends on various factors, including the specific needs of the accountant, the size and type of clients they work with, their preferred features and functionalities, and their level of expertise. However, there are a few accounting software solutions that are highly regarded by accountants for their comprehensive features and usability.
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