The evolution of Information Technology is indeed a boon for everybody in some or the other way. IT in itself is full of features such as:
- It is user-friendly and fits in well with the demands of the users
- It saves a lot of time
- As far as prices are concerned, IT services cover both the ends of price spectrum
- For maintenance, only a little bit of human mind is needed.
IT is evolving day by day and it is only due to this enormous development that semi or fully automated apps and software are coming in the market every now and then. These latest apps and software helps in the accomplishment of tasks on time. You need to set a command initially in order to initiate the working of these apps.
IT has not left any sector of business and commerce untouched. It has covered almost every major section of the business including accounting and taxation. These two offshoots of the business world are also a regular witness to the advancement in the field of technology. The development of technology has led to the emergence of a number of tax and accounting software. These apps and software simplify the day-to-day business activities and enable the organizations throughout the world to bring about efficiency in their working. Moreover, cloud hosting of these apps and software leads to an enhancement in the performance levels.
Here are some apps and software in demand these days.
Accounting Apps and Software
1. QuickBooks Pro, Premier, and Enterprise
All the editions of QuickBooks including Pro, Premier, and Enterprise are considered to be the best accounting software solution among small and medium sized businesses. These software are of great help to the SMEs and aid in multi-tasking including payment of remunerations to the vendors, inventory management, management of employees, payroll processing, etc. These software are very easy to use and you do not need any prior training for running them. All the editions of QuickBooks are quite famous in the US and European business world including the prominent International tax centers such as Cyprus. Main advantage of using QuickBooks is that it automates the entire task of accounts management thereby eradicating the need of appointing a personal CPA or an accountant. You may also try out Hosted QuickBooks in order to enjoy more features.
2. BookKeeper
This software is customized in order to manage all the elementary needs of accounting. This software is very suitable for small enterprises. The most crucial business exercise is the management of inventory and BookKeeper is efficient in accomplishing this task as well. Through this software, the organizations can successfully handle monetary transactions as well as manage numerous reports at a time. This software helps businesses to prepare employee payrolls and invoices.
3. Account Edge
Account Edge is programmed to manage a number of accounting modules at a time. Moreover, this software is regularly updated in order to add up more advanced and sophisticated features. The minds behind this software facilitate the users with 24×7 customer support. This helps in enabling the users to run the software flawlessly. Account Edge also helps in the transfer of client’s data as and when required.
Taxation Apps and Software
1. TurboTax
Tax filing is a very tedious task and in fact most of us find it very complicated as well. For personal tax management, one may contact an individual tax preparer; but when an organization wants to manage its taxation activities, it generally approaches the tax attorneys who further deal with the utmost authorities on their behalf. TurboTax is one such software which wipes away all these complicated activities and makes the entire task of tax filing very simple and user-friendly. TurboTax can either be downloaded on the PC or any mobile hardware such as laptop and androids. It can also be used online directly.
2. TaxCut
TaxCut software is a blessing for those who hate to perform manual calculations. The entire task of tax filing is based on a lot of mathematical additions and subtractions and there are a lot of people worldwide who do not want to deal with so many numbers. TaxCut is the best solution for such people. TaxCut eradicates the need of manual form filling as well as return filing. Both these tasks are automated by this software. Automated online form filling helps in easing the task of tax returns filing. TaxCut is very easy to use and understand and also saves a lot of time.
3. TaxAct
This software solution helps in managing various tax-related activities such as filling and printing your forms, filing your tax returns, and also store e-files for future reference. TaxAct helps in the completion of your tax return filing in very less time. This software ensures cent percent accuracy and preciseness along with 24×7 customer support.
These are some of the prominent accounting and tax apps and software available in the market. Pro version of some of the solutions can be picked up online for free. Premium and advance editions can be obtained after making due payments. These apps and software are helpful for both personal and professional purposes.