For many businesses, making the decision to purchase accounting software can be overwhelming. This is not uncommon given the intense competition of the accounting software industry. They offer many solutions and constantly improves themselves with similar affordability. More often than not, it can be terrifying for a company to subscribe a random accounting software when the return on investment isn’t immediately apparent.
However, as technology has advanced over the past few years, sophisticated business technology has become affordable for even the smallest companies. Various types of accounting software have become more accessible and are designed to meet different requirements of companies. With so many options out there, how can you find the right choice of accounting software or solution that’s the best fit for your small, medium and large business?
Before moving on, we would like to give a brief introduction about our company – Ingenious. As the top-selling Sage UBS and AutoCount software reseller in Singapore, Ingenious is well-positioned to offer comprehensive business software service with competitive pricing. We exclusively provide free trial of Sage UBS and AutoCount for our customers so they can have a first-hand experience of these two in-demand accounting softwares before making their purchase. Get your free demo here today!
So, in this ultimate guide, we have put together seven solid choices for you right here along with their pros and cons, price and review. From there, you can then weigh your options and settle on the best software for you.
Sage UBS is popular amongst Small Medium Enterprises (SMEs) with over 200,000 installations in Malaysia alone.
This accounting software prepares comprehensive reports of all the Account Receivables (AR), General Ledger (GL) and Account Payables (AP) at ease. All the financial details integrate easily with payroll system because it is a software which allows a full integration to the user. It is a revolution against the awfully time-consuming manual accounting by meeting all the business requirements with one go.
“It is very easy to use even for the non commerce knowing people. Helps me grow my organization. I have freedom from the tasks that need too much reporting and tasking.”
“The usage is very easy and doesn’t take much time. Financial management, audit reports, billing and payroll management is a pain when one is not distantly related to commerce. I found it extremely useful for my digital media organization. Along with business growth it handled all my finances.”
AutoCount accounting software is known as one of the best accounting software for today’s business requirements. It helps users to streamline their business operations via its easy-to-learn and integrated features. The system provides a strong and stable database for every type of business. Hence, users will be able to perform any type of account transactions no matter how complex they are. Users are allowed to manage their business data and analyse their business performance in order to make informed business decisions. With its advanced technology, AutoCount is a powerful accounting software suitable for users who seek mobile business solutions, particularly distributors, wholesalers and companies with high volumes of stock items.
“AutoCount has matured very well since we started using it in 2003. Our company placed high importance on database integrity and program reliability. Hence, we are happy to note that AutoCount is using high quality and powerful software for its database engine and programming language. AutoCount is wonderful because although it has powerful and flexible features, it is also easy to configure and use.”
“We choose AutoCount Accounting over other accounting software as it is reliable, price is attractive and no need special machine to run the program. It does not require big resources and expensive machine, which makes it cost effective.”
ABSS Accounting is a simple yet powerful accounting software for Small Medium Enterprises (SMEs) which emphasise on business processes and work flows.Its award winning design assists users in the automation of every financial aspect of the business, thus making it easy for users to track accounting data. ABSS Accounting also deals with purchasing functions such as management of credit purchases and accounts payables. Besides, its business insights feature allows users to analyse key financial information such as profits and losses as well as cash flow movements. This enables users to make key decisions such as planning expenditure and predicting cash flow issues. ABSS Accounting also enables users to conduct project management. Users can track profitability of projects or cost centres, budgets for jobs, as well as respective job revenues, direct costs and expenses.
Not available at the moment as ABSS has recently been rebranded from MYOB as of 1st January 2018 for Asia market.
QuickBooks is a user friendly, financial management software which is designed towards accounting for small businesses. It is a cloud based software, thus there is no need for any installation of software. It also has automatic updates which will not affect user data at all. In addition, its intelligent handling of invoices enables you to create quotes and invoices instantly. Due to its ability to track GST within invoices, expenses and purchase order, monitoring receivables has become effortless. The receipts are then forwarded through online without any difficulty. The convenience of creating a recurring invoice will be beneficial to the user as time is saved in creating the repetitive invoice.
“With Quickbooks, I feel like I’m on a roll. It’s been totally worth it!”
“Before Quickbooks I dreaded the accounting side of my business. Now I can get everything done in minutes and spend time doing what I love.”
“We use Quickbooks app when we’re visiting customers… we can now send a quote or invoice on the spot.”
QnE is an accounting software provider with over 10,000 users in Malaysia alone. It is considered one of the best accounting software in Malaysia due to its user-friendly system design and powerful analytical tools. All the strong features such as the availability of user audit trails and date sensitive report output can fulfill business requirements. It runs in the cloud and gives the user real-time service. It provides information on forecasts, cash flow status, and break-even point. The tools also allow processes to be carried out in a systematic manner. For instance, the inventory management is made easy with the inventory software as the invoices can be easily created, records such as stock balance, invoice management, and staff details can be kept well. Different report formats are also available for the same report type.
SQL Accounting software is widely used by small and large businesses across Malaysia and Singapore. It is suited towards small medium enterprises (SMEs) from various industries, including manufacturing and retail companies. It is unique as compared to other accounting software as it offers different designs of accounting templates. SQL makes it easy for the user to track all the purchases, collections and sales because it keeps all the financial records smartly in a single place. The documentation of inventories also stays up-to-date with the help of this software.
“SQL Account is easy to use and user friendly.”
Million Accounting Guide
Million Accounting system is popular amongst accounting firms, bookkeepers and freelance accountants in the Southeast Asia region for its simplicity and diverse functionality. It is used by many accountants as well as local Small Medium Enterprises (SMEs). The uncomplicated user interface with high reliability gives good support to the user’s business. The financial records can be transferred to MS Excel in a clean manner. Transactions from multiple companies become easily manageable by the use of this software. The multi-currency function enables the user to broaden his business at the comfort of maintaining the balance sheet with little troubles.
Nevertheless, an accounting software plays an important role to monitor the financial health of a business. It helps businesses streamline, organize and automate finance management processes. As one of the six components in accounting information system, the utilization of accounting software is fundamental in maintaining both the efficiency and effectiveness of an organization. We certainly hope this blog is of great help to you in searching that accounting software that best fits for your organization.
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