Accounting with human or software?

Discussion in 'Accounting and Taxes' started by fredrick.molby, Jun 28, 2012.

  1. VerdinaNET

    VerdinaNET
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    In my opinion the both are needed. I work with accounting software, but I still turn to an accountant for help. I think the accountants are still very needed. But of course it depends on how big is your business.
     
  2. James123

    James123
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    I would like to say both Bookkeeper and Accounting software is mandatory. Bookkeeper should use following Softwares
    MYOB,
    Quickbooks,
    Xero and
    Cash Flow Manager etc.
     
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  3. Mike Wilford

    Mike Wilford
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    I think accounting software for small sole traders but if you are looking into company formation, then really, it pays to use a (good) accountant.
     
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  4. austiinsmiith

    austiinsmiith
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    Have you considered outsourcing the accounting activities for your business? Instead of hiring expensive accountant you could easily get virtual assistant who are well experienced and well equipped and can handle your accounting and other activities at a very affordable cost.
     
    #24 austiinsmiith, Aug 18, 2016
    Last edited by a moderator: Aug 18, 2016
  5. Rockforce

    Rockforce
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    I use ProBooks for invoicing and estimating on the go, it's available on iOS, Android, and the web.
     
  6. backlinkfy

    backlinkfy
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    Software solutions can help you streamline your task according. Tools like BillQuick that offers time tracking, billing/invoicing and even project Management can help with your accounting.
     
  7. stacey howard

    stacey howard
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    In my opinion, its depends on you if you have enough knowledge about accounting and finance then you can use different accounting software like Quick books, Net Suite, Quicken etc but it requires time and dedication if you want accuracy. Otherwise, you can hire accountant which would cost you more in comparison of outsourcing. So the best option is to outsource or do it your own if you want to save time and money.
     
  8. kaufenpreis

    kaufenpreis
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    Besides, accounting software doesn't have the capacity to initiate an adjustment on your accounting, which is most of the time, needed particularly on those moving accounts.
     
  9. Mike Wilford

    Mike Wilford
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    Initially when starting out in business accounting software will be suitable. As the business grows I would hire an accountnat so that you can focus on your growing business rather than spending too much time stuck in books!
     

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