Factor to consider when choosing online accounting software

Choosing the perfect online accounting software/service is not a simple task. While choosing online accounting software/service, you have to give more attention. Before choosing the online accounting software/service you have to know what is our company requirement. Then you have to consider the following factors for online accounting software/service selection such as

• The Level of Online Accounting Services You Need
• Local Online Accounting Firm
• Software Technology and Security
• Your Online Accounting Company’s Hiring Practices

Factor 1: The Level of Online Accounting Services You Need

First, you have to know your business requirements. Based on that, you have to select a suitable type of online accounting service. Most of the people spend a higher cost for a bookkeeper on a daily basis. To reduce such extra cost you have to choose the perfect accounting software for your business. If you want monthly, weekly, daily online accounting services, you can customize your package according to your budget.

Factor 2: Local Online Accounting Firm

If you are worried about the never meeting your virtual bookkeeper, it is the best time to select local online accounting firm service. In this case, you can choose EZ Accounting a Singapore accounting company that offers some software such as Sage UBS, MYOB, QUICKEN and EZ Accounting range of software. Our team works together and providing the best accounting solution for the customer.

Factor 3: Software Technology and Security

While choosing the online accounting service, small business people look for secure and advance technology. EZ Accounting Pte Ltd always provides certified and secure facilities to protect the data. For data protection, we use SSL encryption and cloud-based system.

Factor 4: Your Online Accounting Company’s Hiring Practices

When you are paying for quality, you have to guarantee that your quality work is being done just by our accounting software. Select online accounting companies provide the best accounting software that deals with your financial information and online reporting.

To know more about us you can visit us at No: 1 accounting software Provider. We offer various accounting software such as EZ Accounting, EZ Inventory, EZ Payroll, Sage UBS Accounting software, MYOB, Quicken. Learn from here to know about the current Productivity Solution Grant Update. To book your accounting software demo call us at +6562271797 / +6567462613 or Email us at sales@ezaccounting.com.sg. Hurry up!!

MYOB Essentials Accounting vs. Xero

Online accounting is the most important thing for every business. Through the online accounting software, you can access your business data through the network from everywhere. So the accounting softwarecompanies continuously improve their software for SMEs.

MYOB Essentials Accounting provides an online accounting solution for small to large scale business and this software is the rebranded version of MYOB Live Accounts. By using this software, you can easily manage the tax, invoicing, payroll and reports.

Xero software is cloud-based software for small to medium-sized businesses. By using this software, you can manage the invoice, accounts payable, purchase orders and reports. Through this software, you can automatically import the bank and credit card statements.

Let us compare the MYOB Essentials accounting and the Xero software in this post.

Dashboards

MYOB Essentials accounting dashboards are designed well and easy to access. Tasks and top menu bar are available in the dashboards. So you can navigate easily. This dashboard also provides a screenshot of cash in, cash out and account balance.

Xero dashboard is the graph based dashboard. To know the detail information you have clink on the menu bar of each graph. And the tasks are listed under the tabs.

Bank Feeds

MYOB: To provide a reliable and secure feed, MYOB uses Bank Link server. MYOB internally process the data for accuracy. Then such data will be uploaded into the MYOB file.

Xero: Two types of feed used in the Xero. Xero is establishing a bank relationship and to import the feeds directly. And it used the Yodlee, which is a third-party provider. Yodlee sends the transaction details to Xero by login into the user bank profile.

Inventory

Both MYOB Essential accounting and Xero having an inventory tracking feature. In both systems, inventory items are tracked for sale and purchase. But inventory levels are not able to track.  For advanced inventory management, you can integrate the third party products.

Payroll

MYOB Essential Accounting allows unlimited employees in the payroll that is easy to use. But in Xero, only one employee can able to access. Based on the package, employees can able to access the payroll.

These are the few comparisons between MYOB Essential Accounting and Xero software. To know more about the MYOB keep touch with us!! EZ Accounting software is leading the accounting software provider in Singapore. We also provide various Singapore accounting software such as UBS Accounting software, Point of sale, Payroll, Inventory software, MYOB and Quicken software, etc. Do you want to book your software live demo? Call us +6562271797 / +6567462613 or Email sales@ezaccounting.com.sg. Hurry up!!

Business Decision Making with POS System

Point of sale software plays a major role in handling and understanding your business. And it acts as a hub of operations. POS operations are sales conducting, inventory management, employee tracking, etc. by using the Point of sale software for your business; you can simply increase the overall performance of your business.

Is the POS helps in Decision Making?

Most of the business owners prefer cloud-based Point of Sale system which can be accessed through the network connection from everywhere and anytime. In your cloud-based POS system, the business information is stored for the future. Your system stores the following information for your business that helps you in decision making. Such information is Sales transactions, Inventory, and employee tracking. Point of sale software analyze this information and generate the report. Based on these reports you will get a clear picture of your business performance that will help you in decision making.

POS Helps in Decision Making

Sales / Transactions

To understand your business sales performance you have to know where the sales conducted. By tracking the sales and transaction information you will know the following details such as one-day sales, gross profit, and profit margin. This information helps you to track profitability and generate revenue. Through the sales tracking information, you can easily identify the best and worst selling products.

Inventory Management

Based on the sales and transaction tracking report you can easily find the most popular products. Based on such report you can stock that inventory to handle the demand. Through the inventory reports, you can easily manage the current cash flow situation.

Loss Prevention

Point of sale software helps you to find the inventory shrinkage problem. In the retail business, there are much loss can occur. So you have to check the following things also. Such as

Supplier invoice

Staff hours and schedules

Register activity

Other Security measures also

Employee hours and Shifts

Through the POS system, you can able to identify the best busiest working day, busiest sales hours. Based on this report you can allocate more sales person to work at the busiest work time that helps you to increase the business profits. And you can also able to identify the less performing employee and then able to set up a training session for them.

Marketing

In your Point of sale software, you can able to create a profile for the customers. Through the profile, you can track the customer purchase history. Based on these you can make the decision on your selling products.

Still having any doubts you can call us +6562271797 / +6567462613 or Email sales@ezaccounting.com.sg. We are the best Singapore accounting software, provider. And we offer various Accounting software, Inventory software, Point of sale software, Payroll software, MYOB software, and UBS Accounting software, etc.

How to choose the retail point of sales software?

Retail POS Software is the software that helps the retail owners to accept customer payments. In a few years back, POS Software runs on desktop software. Now a day, the POS system used for small to large scale retail store. By using the POS software you can simply manage and track the inventory, employee, customer marketing and reporting and analytics. And we can integrate into the POS software with small business accounting software. You can also streamline your operations through the email marketing platforms.

Retail Point of Sale software Key Features

In today competitive retail environment retail point of sale software plays a major role in great success. Key features of retail point of sale are

Accepting Transactions

• Ease of use
• Multiple Payment Methods
• Multiple Order Entry Methods

Inventory Management

• Simple Product Creation
• Bulk Product Import
• Items with Variants

Reporting and Analytics

Customer Marketing Tools

• Customer Relationship Management (CRM) tools
• Loyalty Programs
• Email Marketing

Employee Management

• Time Clock
• Labor Cost Reporting
• Integration

Third Party Integration

• Accounting
• Marketing
• E-commerce

Other Considerations

• Understanding POS Hardware
• Cost
• Customer Service

In this blog post, we will discuss a few key features of retail POS software such as Accepting transactions and inventory management. 0020

Accepting Transactions

If you want your Retail POS software would be an effective one, you have to allow the merchant to accept the transactions and process payments.

Ease of Use

POS software should offer some features for users’ convenience Such as speed and usability. Through these features, customer can easily and quickly check out from the retail store.

Accept all payment methods

Your POS software should accept all kind of payments such as cash, credit, debit, NFC payments.

Multiple order entry methods

For your convenience, POS Software should support the different techniques for adding items to a customer’s order during the checkout. For quick checkouts, you can use a barcode scanner.

Inventory management

Based on inventory management, retailers get a clear picture of the inventory. By using the inventory management with POS software, you will know whether the right items in the stock or need to place next order.

Check whether your retail POS software supports the following features, such as

• Simple Product Creation
• Bulk Product Import
• Items with Variants

These are a few features of Retail Pos software. During the retail POS Software selection process, you have to ensure the above features are built in with your software. Then select your software for retail business. To know more about the retail POS software features keep in touch with us!!

Are you looking for the best Singapore accounting software for your business?  Just book your appointment through call +6562271797 / +6567462613 or Email sales@ezaccounting.com.sg for the software live demo!! Hurry up!! It’s your times!!