So you’re looking for a smart shortcut to make your business run more efficiently? As a small business ourselves, we understand how big an impact accounting software and apps can make to the efficiency and profitability of your business. It’s not only about choosing the right software — it’s about understanding the capabilities of your software and apps so you can maximise the benefits for your business.

Our business advisory services can help you connect with the best software for your business. Here’s a few of our preferred accounting solutions which will take the hassle and guesswork out of running your enterprise.

RECEIPT BANK

Receipt Bank is a digital accounting platform that is designed to simplify data entry by cutting out the need for chasing paperwork and entering data. Seamlessly integrating with accounting software like Xero, MYOB and QuickBooks Online, it allows clients to submit receipts, invoices and bills through their Receipt Bank email or mobile app.

XERO

This New Zealand innovation is a favourite with small to medium-sized businesses due to its user-friendly capabilities. Some benefits of Xero include the capacity to set up a direct feed so data is automatically uploaded into Xero, saving businesses time and allowing for complete accuracy.

This cloud-based technology allows businesses to access their data in real-time so they are always in control of their cash flow. You can also streamline the invoicing process with online invoices and automated reminders for outstanding payments.

Xero also integrates with Xero HQ apps and third-party software so you can enjoy a complete business solution. From reporting to digital marketing and tax solutions, there’s a huge range of options to suit the needs of your enterprise.

MYOB

Providing tax, accounting and business services software for SME, MYOB is an Australian multinational company that has developed a suite of products for businesses, accountants and bookeepers. Business solutions include MYOB Essentials for smaller business (with software features including the mobile app, single touch payroll and 7 day tech support) and MYOB AccountRight which offers a wider array of features including real-time cash flow, reporting, job tracking and payroll.

QBO

QuickBooks was founded way back in 1983 in sunny California, USA. QuickBooks Online accounting software is specifically designed for small businesses and offers a range of plans to suit your needs. Standard features include profit and loss tracking, automation with your bank accounts and streamlining the collection and sorting of receipts and expenses. QuickBooks also offers the capabilities of accepting payments, running payroll, sending invoices and managing GST and BAS – with unlimited support.

If you’re interested in updating your accounting software or learning how to harness it more effectively, reach out to our friendly team at Meridian Accounting. You can reach us at our Rockhampton office by calling (07) 4927 4625 or contact our Emu Park team on (07) 4938 8262.

* The views and opinions expressed in this blog are those of the authors and do not necessarily reflect the official policy or position of any other agency, organisation, employer or company.