Impact of Accounting Software in MSME Business - PowerPoint PPT Presentation

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Impact of Accounting Software in MSME Business

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In Indiam market place, you will get many Accounting Software for MSME Business which help in the preparation of accounts and Balance Sheet of small and medium business entities. Accounting software might seem like an unnecessary expense to your already tight budget, but they are worthy of investment. Vyapar is one of the best Accounting software for billing, inventory and accounting for small, and medium-scale businesses. Website URL: – PowerPoint PPT presentation

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Date added: 10 June 2022
Slides: 11
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Title: Impact of Accounting Software in MSME Business


1
Impact of Accounting Software in MSME Business
2
What is Accounting software?
  • Accounting Software is a computer program that
    maintains all financial records of business and
    generates required reports like cashflow, profit
    loss, etc. 
  • Accounting software automates your task and
    increases overall business productivity. 

3
Types of Accounting Software
  • Accounting software investment depends on the
    types of business requirements. It becomes very
    critical to decide which software package will be
    the right choice for investment. Therefore, it is
    important to understand different types of
    accounting software and under what circumstances
    each one should be used
  • Spreadsheets
  • Spreadsheets are used by organizations with very
    low transactions and incurs more errors

4
Types of Accounting Software
  • Commercial off-the-self software
  • This type of accounting software is used
    predominantly all over the world. It provides
    various solutions like billing, accounting and
    inventory management without any error. It is
    perfect for MSME businesses to automate the
    business operations and increase overall
    efficiency.
  • Enterprise Resource planning
  • ERP software is mainly for big businesses. It
    integrates various departments into a single
    database. The price is very expensive and it fits
    mostly businesses with complex operation

5
7 Amazing Benefits
  • Manage bulk transactional data
  • Accounting software helps in updating huge
    transactions with less time which therefore
    increases the work efficiency
  • Make your employees more productive
  • Investing in Accounting Software will lower the
    workload of manually handling the accounts and
    encourage employees to focus on more accounting
    activities in no time

6
  • Access data from anywhere
  •  Cloud based Accounting software helps in remote
    access of real time data from any location
  • Centralized Management 
  •  Manage all financial tasks like inventory,
    invoicing and generate financial reports using a
    single software
  • Tax management
  • Adaptation of Accounting Software helps to
    analysis total tax paid for each invoice and
    generate GST reports with one click 

7
  • Cost saving
  • Investing in financial application will be more
    cost effective then employing
  • multiple people for financial management
  • Offers various reports to understand the business
    better
  • Reliable Accounting software offers opportunity
    to examine various reports to track credits,
    profits, losses, demand, and expenses 

8
Right time for Adopting Accounting software ?
  • Unable to generate invoices on time
  • Manually recording huge sales transactions
  • On time inventory management issue
  • Not understanding cash flow on daily basis
  • Too much manual and time taking process
  • Difficult to understand monthly and yearly
    business growth
  • Difficult to generate GST reports 

9
Conclusion 
  • In today's modern business world technology is
    accelerating every workflow no matter its a MSME
    or big enterprise. Numerous functions are being
    automated by adopting Accounting software. 
  • At the end of this presentation we have learned
    various reasons in details about importance of
    accounting software and therefore we can
    conclude Accounting software not only automates
    the financial activity of any business but also
    empowers overall business growth.
  •  There are various accounting software in the
    market according to your budget. Vyapar
    Accounting software for small business is one of
    the top rated accounting software solutions
    trusted by 5M user base

10
Facebook- https//www.facebook.com/vyaparsoftware
Twitter- https//twitter.com/vyaparappInstagram-
 https//www.instagram.com/accounts/login/?next/v
yaparapp/Linkedin- https//www.linkedin.com/compa
ny/vyapar-tech-solutions
  • Visit the page for more information- 
  • Accounting software for small business 
  • website- https//vyaparapp.in/ 
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