There are a good number of options available in the market for bookkeeping and accounting solutions. All of them will provide at a minimum the basic invoicing, expense tracking, and GST/HST reporting functions. The costs of one solution versus the other are also not that much different, so what would would set them apart is, what other functions, beyond the basic invoicing and expense tracking, best suits your business. For example, contractors may want a solution that helps them track projects and do progress billings, or a retailer would want a solution that has a good inventory system…etc. If you are just starting out, or have been using manual processes like Excel, or do not have a system in place, it may be difficult to know what would work best for your business. A good starting point would be to consult with your accountant or bookkeeper, or contact us to review your business needs and we can recommend what can work for your particular need.
For businesses that are already established with an accounting solution, it is still good to always review and think about what may make your program work better for your business. A lot of the programs have add-ons or have partnered with other solution providers to provide additional functions that the accounting or bookkeeping program may not have, but would definitely be of benefit and save you time. Examples are payroll solutions, document storage and management solutions, credit card processing solutions, expense reports, time sheets…etc. There are countless solutions available that have made bookkeeping much more easier and less time-consuming.
Click on the links below to explore some of common solutions available in Canada. Request demos or free trials to see what may work for you, or give us a call and we can help you choose the right solution for your business.