Software Improves Accuracy
When all of your financial information is stored in the same place and you enter necessary information into the system regularly, you lower the risk of costly accounting errors.
Most cloud-based accounting software is easy to use, lets you enter expenses and income as needed, and allows you to categorise all of your transactions.
This way, every time you pull a report or review your finances, you know the information you’re looking at is correct.
When you use cloud-based accounting software instead of an Excel spreadsheet, you don’t need to know different accounting practices, formulas, or shortcuts.
To get accurate reports, you simply need to enter your income and expense information on a regular basis.