Advantages of Shoebooks Online Accounting Software

HAWTHORN, AUSTRALIA, April 05, 2012 (Press-News.org) As internet technology becomes more advanced, the internet has become a progressively useful business tool - not just in the acquisition of information but also for providing real business solutions.

In this time and age of the internet, more and more products of online bookkeeping and accounting software for businesses have emerged out there in the web demonstrating the now-proven web-based systems which is as powerful as many of the more expensive server-based systems at a fraction of the cost.

However, with these many products, one important thing to take into account is to know which one among them provides the best services in terms of functionality, features and benefits.

If your business is located in Australia, and you are looking to track and manage your SME business accounts and transactions seamlessly at an affordable cost, then it is highly recommended that you take on Shoebooks' small business accounting software.

Shoebooks is Australia's simplest and most comprehensive small company accounting software that allows you to easily access your business accounts anywhere in the world.

A leading online or web-based bookkeeping and Australia accounting software solution for SME businesses specifically designed and developed for Australian businesses by professionally qualified accounting professionals to deliver fast results simply and intuitively.

The system provides a point of difference to its leading competitor products in that the system:

-integrates with full featured double-entry backend database accounting system
-can be shared between business owners and outsource bookkeeper professionals
-can be rolled into a client's business and installed and run from their own server
-features speed and intuitive nature of processing all accounting entries and transactions which specifically designed to deliver fast results, simply and intuitively
-has been proven in real world businesses prior to its deployment for general use
-have more than 10 years of development behind the solution
-is a web based application (webapp) enabling instant access to your accounts anywhere you have a web browser

Offering the most comprehensive but the simplest set of business management tools in an online accounting system, Shoebooks online accounting programs functionality are offered in a number of modules that are grouped into four main menus namely:

-Main Menu. This is where the accounting process is operated. The main accounting modules can be viewed here where one can quickly access the related data entry, transaction and search tasks.
-Reports Menu. This enables you to quickly access a wide range of reports. Reports are grouped together based upon the accounting process they relate to, with a separate section for Financial Statements and Taxation reporting.
-Setup Menu. Houses all system customization and company setup information.
-Imports Menu. This follows the layout of the main menu, presenting the available import types by module

As bonus functionality, Shoebooks also functions to support the operation of multiple company files. When multiple files are operated, the admin menu is used, allowing for the easy navigation between files without the need to login/logout.

Providing full control of one's own business accounts or those of your clients and delivering any financial information that you require in the format that suits you and your business, Shoebooks has customizable features that are quite useful for businesses such as:

-Online Quotes & Invoicing. Shoebooks has the capability to email quotes and invoices in a professionally presented format directly to customers and clients as well as automatically convert that quote to an invoice.
-Timesheet Tracking. Shoebooks boasts of an integrated time billing feature, enabling clients to capture details of staff time and directly bill customers.
-Project Costing. Shoebooks provides full financials and cost control and manage all costs and revenue by project for clients or over individual projects running multiple projects per client. It can also track staff costs against individual project and invoice against your projects.
-Migration of Data. Allows automatic migration of your current accounting data to another computer accounting solution as well as minimize transfer integrity issues by identifying and capturing all key information required to establish your new accounting solution.
-Product and Service Invoices. Provides the client the ability to set up standard codes for their invoice line items as either products or services as well as pre-allocate revenue and overheads to particular accounts in their general ledger chart of accounts. Also, it can quickly enable the client to control their debtors by identifying what your customers owe you, reducing your debtors' balances and determining who you need to follow up on outstanding payments.
-Integrated Payroll. Provides complete online payroll solution by providing the ability to maintain employee records and perform all payroll related functions.

Shoebooks accounting software can really help your business in your bookkeeping and accounting needs, enabling you to maintain your own business accounts as well as those of your clients as it can be configured to suit your business as you work and gives the opportunity to access client's company files as well as your own from any computer with an internet access.

Shoebooks is the leading provider of online accounting software for small and medium-sized enterprises in Australia, offering accounting on line, bookkeeping software solutions for inventory, payroll, and invoicing needs of SME businesses.