Sunday, 22 January 2017

Benefits of Having Quickbooks Accounting Software Over an Accountant

Accounting refers to keeping records of the financial information of an organization in a professional manner. This information is essential for various concerned people like investorscreditorsmanagement, and regulators. It helps in keeping a record of the revenues and the expenditures. It aids in formulating the future business plans.  

In the earlier times, accounting was performed manually by an in-house staff of the business firms. But in recent times various accounting software like QuickBooks accounting services have emerged which have made accounting tasks simpler and less time-consuming.

Many business organizations are facing the dilemma regarding whether to invest in accounting software or not.  Some of the business organizations are also using QuickBooks outsourcing or QuickBooks support services.

The various benefits of using an accounting software over an accountant have been discussed below:

  • Helps in saving time- The latest accounting software like QuickBooks can help in completing the accounting tasks in a prompt manner. Whereas when the tasks are done manually, the time duration is much longer. So by using accounting software, the business organizations will be able to get access to financial data at an earlier stage which will help in taking important business decisions quickly. 
  • Reduces cost- For organizations who have substantial and continuous accounting work, using accounting software is the best option. It can help in reducing the number of in-house accountants required in the organization. The cost of purchasing accounting software could prove to be much less than the cost of hiring in-house staff.
  • Software does not feel work pressure- There is a tendency among human beings to feel tired after working for a certain number of hours, but with machines, there is no such limitation. An accounting software can work for as long as required without having any effect on the quality of the tasks. Moreover, you will be getting all your accounts complete every morning.
  • The option of directly printing checks- The latest software like QuickBooks offer amazing features like an opportunity to print checks, ability to view all the bank records on a single screen etc. All these options are not available with manual accounting.
  •  Makes the tax preparation process simpler- Tax preparation can prove to be a complicated affair for many accounting teams. But the latest accounting software can make this task extremely simple due to the inbuilt options.  
  •  Help in keeping track of sales- Through accounting software, sales invoices can be printed and proper record of the revenue generated can be kept. This helps the higher management in doing the right business analysis and making plans for the future.
  • Opportunity to focus on the core activities- For business organizations with a limited number of staff members, accounting software offers the opportunity to concentrate on core activities and maximize the business potential. 
Cogneesol is among the best outsourcing accounting services providers in the world. These services are aimed at helping the business firm managements in boosting their productivity by concentrating on core activities which are related to revenue generation. 

To get more information, contact us at or call us at +16466882821.        

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Monday, 2 January 2017

Why An Accounts Payable Automation Solution Is Right For Your Business?

Accounts payable is an important function in any business enterprise. Handling the accounts payable process properly can help a business organization in maintaining cordial relations with the suppliers and availing the early payment discounts. Delays in making payments to creditors could lead to disruptions in the day to day operations and the overall workflow of the business. At times, business organizations are unable to pay their accounts payable dues to financial constraints but there are occasions where accounts payable payments are missed due to negligence.
In the recent year's accounts payable software have emerged, which have made the accounts payable solutions extremely simple. These systems enable up to date reporting and production of relevant invoice data in the paperless form. These software also help in keeping proper accounts payable records.

The various benefits of using accounts payable automation solutions have been listed below:

  • Helps in enhancing accounts payable service quality- These software will streamline the accounts payable process. It will reduce the transnational costs and help in availing early payment discounts on a regular basis.
  • Aids in better financial decision-making- The automated accounts payable software helps in keeping proper records of the orders and payments made to the creditors. This can help the higher management in taking the right financial decisions in the future.  By judging the future cash requirements properly, the right cash flow can be maintained by the higher management.   
  • Enjoy the benefits of e-invoicing- E-voicing helps in producing paperless bills and in responding quickly to the inquiries of the creditors. The accounts payable automation software can be interlinked with smartphones or tablets, thus making accounts payable information accessible everywhere. Thus the overall efficiency of the process is enhanced.

Cogneesol is among the leading outsourcing companies offering accountancy services to commercial organizations all over the globe. By utilizing these services, the business organizations to concentrate on their core activities, reduce operational costs and maximize profits. 
Cogneesol has access to highly proficient staff and the latest software for achieving the client requirement. To know more, contact us at or call us at +1 646 688 2821