Category: Accounting

What Accounting and Bookkeeping Software Do Independent Contractors Use?

What Accounting and Bookkeeping Software Do Independent Contractors Use?

If you are working as an independent accounting services contractor, then you need to be aware of the different accounting programs out there that will help make your life easier.

Some company owners might get a hold of your services and that you want to ensure that you are doing all of the work as effectively and as efficiently as possible.

Part of the services that you are going to provide is to make sure that you help the companies that you serve to pay their quarterly income taxes the right way, create accurate financial records and a host of other things.

If you do not work in professional account services in Malaysia, then you will have to work with the knowledge of different robust accounting software.

Today, I am going to talk about some of the most commonly used accounting programs out there that will make your life as an accountant so much easier.

Tallie

One of the most challenging aspects of bookkeeping is keeping track of paper receipts that the company you work for owns. You want a program that will help you keep track of everything so that you can accurately create financial statements that your business owner can use to make important business decisions.

Tallie is one of the most reliable accounting programs out there, especially if you need to take into account some expense-heavy company transactions.

If you need to be tallying everything up, then definitely use this accounting software.

Quickbooks Online

This is another commonly used accounting software and it is lauded for its robustness and ease of use. This is perfect for providing accounting services on the go since it already supports cloud technology- allowing you to create financial statements by just using a laptop with a working internet connection.

Quickbooks has a very clean user-interface that has all of the services that you can offer to your company. You can manage all of your financial statements and you can also set reminders so that you can notify the business owner beforehand.

Also, one useful feature of Quickbooks is that it allows you to keep track of your payments if you are using an online payment medium such as Amazon, Paypal, eBay, and Etsy.

ScanWriter

This program is used well in conjunction with Quickbooks in that it helps you set automated data entries, which includes 100s of business transactions, credit card and bank statements, sales orders, invoices, bills, and many more.

Outsourced accountants typically work by keying in a lot of entries in an accounting software program. This results in a lot of time wasted- time that could have been used in other, more useful areas.

With ScanWriter, it helps you keep things automated- thus making your life (and your boss’) easier.

Bill.com

A lot of clients and suppliers now make use of online electronic payments, mainly for convenience purposes.

I encourage you to use Bill.com to keep track of your company’s accounts payables, especially those that are made through online electronic payment methods.