In light of the technological developments we are witnessing in the current era, many companies seek to use accounting software to manage their accounting operations efficiently. If you are an entrepreneur, you are looking for the best integrated accounting software that you can use in your company or organization. But how do you choose an accounting program for your company? What qualities does it need to meet in order to be classified as an integrated program? What are the advantages of using it for your business? Join us as we go over all of that and more in this article.
What is a public accounts program?
The Public Accounts Program is a cloud accounting system that manages the accounting data and financial information of the company. In addition to collecting, recording, classifying, accessing, and sharing this data and information, it does all this on one platform. These programs save businesses time and money by automating manual functions such as creating journal entries, generating financial statements, preparing key reports, managing payroll, synchronizing data across different departments, and many more.
Numerous accounting program companies strive to enhance and expand their offerings in order to meet the ever-expanding demands of their customers. In general, most of them have the same basic characteristics that meet the needs of companies in various fields, such as entries, invoices, accounts payable and receivable, data analysis, reporting, employee management, salaries, and others. What advantages do corporate and institutional accounts get from utilizing integrated accounting software, though?
Benefits of using an integrated accounting program
Companies resort to using an integrated accounting program to carry out general accounts because of its great benefits, which make it easier for the accounting team to carry out its tasks more efficiently and quickly and allow them to focus their efforts on value-added tasks for the company. The benefits of public accounting programs for companies and institutions can be summarized in the following points:
1. Save time and increase productivity.
Accounting programs can convert accountants from financial data entry employees to creative employees who participate in decision-making in the company and give them enough time to develop value-added strategies for the business. Accounting programs save time by automating many accounting processes that businesses need. They also save a lot of time wasted on manual entries and calculations.
2. Reduce error
One of the most important benefits of using an integrated calculation program may be that it reduces possible errors when entering and performing manual calculations, as these programs ensure accuracy and efficiency and can also send a notification to alert users to any arithmetic error that appears. The high accuracy of the program also saves time and effort in the audit process.
3: Security and data privacy
Account software is concerned with the security and privacy of information, as it uses many methods of data protection and authentication of users and allows small businesses to obtain the same level of security as large companies at a much lower cost. Important information is also protected in the event of the loss or theft of mobile devices, or in the event of a fire or any other disaster that may lead to data loss.
4: Make better decisions.
One of the most important benefits of using integrated accounting software is that it provides real-time visibility into data and key metrics that determine the financial health of a company, such as revenues, sales, inventory levels, and others. This level of accuracy in data and reports is solid ground for making the best decisions all the time.
5: Ensure compliance
Accounting programs ensure consistent compliance with accounting principles and international standards and keep pace with tax regulations and structures by automating and facilitating the entry and transmission of financial statements, accurate reporting, and others.
Characteristics of the integrated accounting program
There are a lot of accounting software programs for corporate and institutional accounts, but how do you choose an accounting program for your company? What characteristics must it have to be considered an integrated program? We answer this question with the following points:
1. Create entries.
One of the most important characteristics that make the program an integrated accounting program is that it is a single platform through which the company can manage, update, and view all transactions that are recorded in its general ledger in real time, which includes revenues, income, expenses, assets, liabilities, and equity, so the program must be able to automate journal entries.
2: Electronic invoice issuance
It is important that the program is able to issue accurate electronic invoices and keep them secure, especially tax invoices, as these invoices are the basis for the journal entries that the program generates, on which all the company’s financial reports depend. To guarantee compliance, it is also critical that the application generate invoices in line with national norms and specifications.
3- Reporting
The program’s ability to produce accurate financial reports that show the company’s financial status and include information on sales, revenues, inventory, and other factors that support the company’s decision-making may be one of its most crucial features as an integrated accounting program.
4: Employee payroll
An important feature of the program is that it provides payroll service and expense management so that it can calculate employee entitlements with deductions, bonuses, advances, etc., deal with different types of payroll and compensation, and calculate social insurance and others.
5: Access anytime, anywhere, from any mobile device.
One of the most important features of the calculation software you choose in your company is that certified employees can access the software anytime, anywhere, and from any mobile device, such as smartphones, tablets, desktop computers, or laptop computers.
Qoyod: Best Integrated Public Accounts Software
Qoyod accounting system is your ideal choice, as it has all the characteristics that make it the best integrated accounting program for the general accounts of companies and institutions, as it has achieved many successes and successive achievements since its inception, won the award for the fastest-growing accounting solutions provider for the year 2021, and sponsored many local and international exhibitions.
Qoyod offers you a full range of accounting services that will inevitably put your company on the path to success, as it has many advantages, including the following:
- Saudi Program: Approved by the Zakat, Tax, and Customs Authority and works in accordance with its requirements, so you can be completely confident in your company’s compliance.
- Speed of development and updates: Qoyod is the fastest at updating and providing benefits.
- Ease of use: It has an easy and clear interface to use, even if you do not have any previous accounting experience. Qoyod also supports Arabic and English.
- Security: Provides a secure environment, cares about information security, and maintains data privacy.
- Electronic connectivity: You can link it with many e-commerce programs to make it easier to manage your operations.
- Easy access: You can use Qoyod anytime, anywhere, using your smart internet-connected device without having to download it. It also has a smartphone app as well.
- Reporting: Qoyod prepares accurate financial, operational, sales, and other reports that help you make informed decisions.
- High-level technical support: You can use free technical support around the clock by Qoyod’s customer service team, consisting of specialized accounting members.
- Unlimited users: All your employees can benefit from Qoyod services.
- Electronic archiving: Qoyod maintains an accurate archive of your company’s data and information.
- Integrated services, such as inventory management, sales, purchases, and POS device connectivity.
Conclusion
It has now become clear to you the importance of using an integrated accounting program for the general accounts of companies and institutions and the importance of choosing the most appropriate program for your company, which contains all the features that meet all the company’s needs in managing its business efficiently and accurately, such as creating entries, issuing electronic invoices, preparing accurate reports, and many other advantages.
Qoyod Accounting System is the best integrated accounting program that you can use in your company, as it provides you with accuracy and efficiency in managing all your accounting work and provides you with all the features you need to meet the requirements of your company in accordance with the regulations of the Kingdom of Saudi Arabia, as it is approved by the Zakat, Tax, and Customs Authority. You can try all the services offered by Qoyod completely free of charge for 14 days without the need for a credit card. Subscribe to the Qoyod accounting system now to take your company to the top.
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