free simple accounting software for small business

Free simple accounting software for small business software#

Inventory and sales management, human resource, payroll, leave management, point of sale, and customer relationship management Super convenient features are also available for all plans such as push notification to remind you on all important due dates and Smart Virtual Assistant to help you with your questions 24/7. Beside Accounting and Bookkeeping feature, Ace Accounts has integrated additional functional modules like HR Module (Payroll, Leave and claim management), Inventory Management, etc.Īll you need is just one app to run your company on the go.

Free simple accounting software for small business software#

Lastly, Ace Accounts is an all-in-one cloud software solution. The digital data is then stored as digital file for record keeping. All you need is a phone camera to take picture of the document and receipts.

Second, Ace Accounts simplifies data entry process by using AI-powered OCR text extraction technology to convert physical document into digital data. Comprehensive reporting including GST reports and accounting reports are just a click away and they are compliant with IRAS! Ace Accounts is different from other traditional accounting software, they are super easy to use and well-designed with revolutionary interface and flows that is dedicated for users without accounting experience.Īce Accounts is currently the best accounting software mobile app in the market for small business, freelancer and self-employed.įirst, no accounting setting is required, all you need is to start inputting data using your mobile phone and the rest are automated by the mobile app. The first mobile-based “on-the-go” accounting software designed by a Singapore Tech start-up. Starts at $16.98 per month ($168.98 for annual plan) It’s not a popular route because most custom accounting software tends to be buggy, and sometimes requires more maintenance than the readily available ones.ĭata entry using Phone camera (AI-Powered OCR technology)Īll-in-one (Accounting, HR, Inventory, reminder, etc) If your accounting needs can be accommodated by either commercially-available or ERP software, then what you need is custom accounting software made specifically for your business or organisation. It can eliminate the issues that come with using independent department-specific software that can be used by other department It’s usually acquired by large corporations with complex business structures.ĭespite its cost, ERP software can integrate all financial information for every part of your organisation into a single database. Enterprise Resource Planning Software (ERP)Įnterprise Resource Planning Software is considered one of the most painfully expensive accounting software types out there. Oftentimes, you’d need on-site staff to make sure that it’s working properly.ģ. The installation of commercially-available software is a lengthy and complicated process that requires a consultation, though. There are hundreds of commercially-available software options out there, with some catering to specific industries and added features to address the demands of their markets. More than that, it can produce standard reports that can be modified to suit the needs of the user.

What makes it an excellent choice is that it can be configured to accommodate the specific needs of a business, and contains several layers of error detection to prevent the entry of incorrect financial data. You need to be careful when using a spreadsheet because it’s more prone to error, since it’s easy to make mistakes while writing down financial information, which will lead to inaccurate financial statements.Ĭommercial off-the-shelf software is one of the most prominent accounting software types used by businesses of all sizes all over the island. It’s an inexpensive (sometimes free) accounting software with a flexible system that can be configured based on your needs. It’s not the most advantageous option out there, but it should be enough to record and monitor occasional business transactions. Spreadsheet is commonly used by small businesses and organisations with an extremely low number of financial transactions.

As there are different types of businesses, there are also different types of accounting software to accommodate their specific needs. Most businesses in Singapore use a form of accounting software to easily streamline and monitor their financial records. Types of Accounting Software in Singapore