Bookkeeping systems and online accounting software

Bookkeeping software for businesses in Pretoria

Bookkeeping is the process where an entrepreneur, business or an organisation tracks and records all financial transaction that happen within the business. The bookkeeper starts recording and tracking every financial transaction from the beginning of the company's financial year. Best practice would be to get a bookkeeper the moment you start a business.

By law all financial transactions that take place within the business must be accompanied by supporting documentation for example slips, invoices, receipts or an agreement which. These documents are vital for accounting processes and can only be provided by the business owner or the person who deals with that part of the business. It may be a receipt, an invoice, a purchase order, or a similar type of financial record showing that the transaction took place.

Thanks to accounting software, bookkeeping has become so easy and convenient. It is much quicker to load transactions and these accounting software can be automated as well. There are two types of accounting software namely desktop and online accounting software but more companies are being encouraged to use the online version due to the convenience of accessing your records any where and at any time.

Some of the well known or popular accounting software that bookkeepers use are QuickBooks online, Xero and Sage Pastel Accounting. Accounting software have saved a lot of accountants and bookkeepers from Microsoft excel spreadsheets, and it has made the capturing of transactions so much easier. There are still small business and bookkeepers that are still using spreadsheets because they are more familiar with it and prefer it to accounting software.