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Small Business Accounting Solutions : Key Considerations

Small Business Accounting Solutions : Key Considerations

As a business owner, you may be in search of a reliable small business accounting solution that is able to meet your requirements and as the same time is budget friendly. Below are some key considerations on accounting solutions or business management solutions for small businesses

small business accounting

Functionalities

Before you begin looking for the next accounting solution, you may want to have a clear assessment of what function you need. Some may offer a myriad of functions that you don’t require and you will end up paying more for what you don’t need. If you are looking for accounting, inventory management, invoicing and payroll, UOB BizSmart may be the solution you are looking for. It is a light solution and accessible via mobile or anywhere as it is on the cloud.

Automation

Many small businesses are replacing their existing solution to reduce errors and inaccuracies from tedious and time consuming manual entries. As a business owner, you do not want to spend your time checking through entries or reconcile accounting books. Go for a solution that can help to automate task, like pulling your bank data and allow for reconciliation in a more efficient manner – a function that is offered by UOB BizSmart. There is no room for error as the entries are automatically injected from the bank – saves you time and ensures accurate data.

Room For Growth

Invest in a solution that provides you with room for future growth. UOB BizSmart’s solution is based on SAP Business One, a robust enterprise Enterprise Resource Planning (ERP) software. You can opt to upgrade to the full featured solution if your business needs requires it. Solutions such as Dynamics 365 also provide the same flexibility – so you can start small and add on as you grow.

Get the right accounting solution and business management solution for your business by speaking to our consultant today

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