Using Accounting Software
Source: Business Hotline Publications
Good accounting software should put you in control of your business. You can automate the tasks you have to do, including keeping records and completing statutory returns. And once the data is recorded, it will be easy for you to access and manipulate it for reports that will enable you to run your business better. Many companies are obliged to have their accounts audited, so it makes sense to take your accountants' advice on the selection of accounting software. Your software must be able to maintain a satisfactory audit trail which tracks all the transactions during the year, starting with the invoices and receipts.