Effectively Managing Business Accounting
Today’s dynamic business environment requires you to constantly revise and update many areas. One of the key domains you need to manage is accounting. You probably already use an accounting software suite to make life easier (e.g., Xero or QuickBooks), but most likely this software doesn’t talk to your other platforms, wasting your time with double entry of information or manually piecing together reports. This is where accounting software integrations are becoming crucial for a truly modern business.
Accounting software integrations can fill the gaps left by your software. For instance, Qubisoft’s expert team can provide a solution to automatically input order management information into your platform. Not only does this save time, but it also lowers the chances of human error. Additionally, the system receives data continuously, ensuring it remains up-to-date with new changes.
These handy programs come with two kinds of modules: core and non-core. The former features key functionalities you can find in virtually any system:
- Accounts payable and receivable
- General ledger
- Purchase order
- Bank reconciliation
- Stock inventory
- Bookkeeping and billing
On the other hand, non-core modules are add-ons you can add or remove according to your business needs. For example, multi-language and multi-currency support is suitable for companies with a global presence. Other non-core functionalities include debt collection, timesheets, electronic payment processing, payrolls, etc.
Integrations can also expand your accounting software functionality with inventory and customer relationship management capabilities to further enhance your business.
Now that we’ve covered the basics, let’s examine all the tremendous benefits accounting software integrations provide for your enterprise.
Real-Time Insight Into Transactions
Standalone accounting systems require your team to manually extract information from your ordering platform and insert it into accounting software. Consequently, human errors are likely to happen, and there’s also a chance you may not have updated the financial data necessary to make informed decisions. All this hampers your business growth and necessitates additional personnel to enter the data.
Luckily, you can avoid this issue by using a CRM integration developed by Qubisoft. It gives you a real-time overview of all business-related transactions, and the details automatically flow into your system with each transfer.
Another huge plus is the potential of cloud-based integrations. They enable you to easily transport your entire financial records on any device, no matter the location.
Accurate Calculation of Commissions and Job Expenses
Accounting software often doesn’t have direct order management integrations. Therefore, you may not know which jobs incur which expenses.
Using effective accounting integrations, you can smoothly carry out various processes, such as calculating sales commissions and job costs.
These solutions automatically post entries to general ledgers, account payables and receivables, providing your accounting software with all the data necessary to make the calculations. Best of all, the entries are completely accurate and eliminate any room for error.
What is more, integrations allow your employees to hone in on other crucial areas due to automatic cost input. Otherwise, they’d be burdened with manual processing, which can be extremely time-consuming.
Without accounting software integrations, your team would have to manually enter all client and vendor data from one app to another. This may result in the information being duplicated, or in incomplete entries which, in turn, severely compromises data reliability.
Data entry jobs require a lot of time and attention, but avoiding costly mistakes can be challenging due to all the repetition. By hiring Qubisoft to provide you with a highly optimised integration, you’ll resolve the issues associated with manual entry.
With a cutting-edge platform, you’ll remove the possibility of missed or double entries. Some systems can also identify duplicates and merge entries into one, providing an extra benefit.
Why Choose Us?
Qubisoft takes a customer-first approach with each step of your app development, taking your business needs into account and modelling all software capabilities around them. By employing the Agile method, we abandon any attempt to complete the entire project at once. Instead, our seasoned team breaks the tasks into smaller chunks, allowing us to hone in on key areas and reduce room for error.
We also work with our clients and continuously obtain feedback to ensure their demands are met. By providing our customers with demo versions, they can see if the app is working for them and if any areas need revamping.
When it comes to testing, Qubisoft uses cutting-edge technology to ensure our solution can keep up with the latest changes in your industry. Once the system is ready for release, we roll it out to you and provide comprehensive maintenance. All our solutions come with user and technical manuals where appropriate to ensure all the important information remains in your hands. In short, we ensure you’re left with a highly optimised product to help your business thrive.