If you’re a small business owner and have the goal of being successful and making money, then you absolutely need to be using an accounting software. Regardless of the structure – sole trader, company, partnership or trust – accounting software will greatly help you run your business. Accounting software has progressed in leaps and bounds in the past few years with fantastic technological advances for the end user. The software has also moved to the cloud. “Cloud” accounting means that there is now no physical software to install and the file is stored in servers and located via the internet. Cloud providers such as MYOB have the same security as the major banks, so if you use internet banking you should not have any security concerns. The advantages of using accounting software in the cloud for small business owners are as follows:.
Real time access to financial information – by being able to access your accounting software file any time you want you will be able to make informed and up to date decisions about your business. Automatic bank feeds – one of the major advancements in cloud accounting is “bank feeds”. Bank feeds is when your transactions are updated in your accounting software when they appear at the bank. This saves you time in data entry and possibly the additional hours of a hiring a bookkeeper to manually enter all transactions. Multiple user access and no version control issues – with your file stored in the cloud you are able to have multiple users logged into the data at the same time.
This will allow you to keep working on your file while the accounting is working at the same time which means no version control issues. Add-on solutions – there is a huge marketplace for add-on software that synchronizes with your cloud accounting file. The add-on software can assist the small business owner with debtor control, inventory, project management and payroll to name a few. A savvy small business owner will do some research of the software to see what will best improve the way business is conducted.
Improve cash flow – by being able to review your debtors in your accounting software you will be able to make decisions about collection and credit extension. The ability to issue online invoices via email will mean the invoice gets to the client faster, which means faster payment (hopefully).
Processing payroll – accounting software packages help the small business owner calculate the correct amount of superannuation payable as well as PAYG to withhold on wages, which means no more manual calculations and errors that may result in fines and penalties from the ATO. Make a tax change for the better this end of financial year with online accounting software, it’s the power to manage business, your way. Your MYOB software will ensure your business is always compliant with tax changes, including the government’s new for paying super contributions. For further information or assistance with setting up or upgrading please contact on 1300 533 787. The information provided here is of a general nature for Australia and should not be your only source of information. Please consult an experienced and registered tax agent as each small business’s circumstance will vary for end of financial year.
Apple’s Mac and Windows PC are currently the two leading platforms for most of our day to day computing needs. Hence, this article, providing you with Mac vs PC comparison, in order to help you make an informed decision about whether to buy a Mac or PC. Mac vs PC Comparison – Whether to Buy Mac Or PC Once upon a time there was a clear and well defined divide or distinction between PC and Mac users. Those who needed a computer bought a Windows PC and those who had money bought a MacBook – It was that simple! However, currently the imaginary line between Windows PC and Mac is fading, mostly due to Windows computers trying to compete with Macs in the looks department and becoming as expensive as Macs. Hence, the question “Should you Buy a Mac or PC” and search for terms like Mac vs PC, Mac Vs Windows PC comparison and similar terms is showing an increasing trend and becoming more relevant to consumers looking to buy computers. You will find below a listing of both Advantages and Disadvantages of Macs and PCs, which should help you in deciding whether to buy a Mac or a Windows powered PC.
Advantages of Macs 1. The biggest advantage of Macs is that they are well designed, sleek and visually appealing. While Windows computers are trying to match Macs in the looks department, they are ending up costing the same as Macs. 2. Macs come preloaded with almost all the software required to prepare documents (Pages), run spreadsheets (Numbers), create presentations (Keynote) and basic Photo Editing and Video Production software. In comparison, Windows computers these days are mostly being shipped with trial versions of Microsoft Office.
In general, Macs have acquired the reputation of being less complicated, easy to use and trouble free compared to Windows Computers. Software updates on Macs are consistent, effortless and trouble free. In comparison, software updates on Windows computers end up generating discussions and heightened activity on internet forums 5. Going by past data, chances of being hit by viruses and malware on Macs are less compared to PCs. This could be due to a variety of reasons, ranging from Windows PCs having a larger user base to Windows Software being more familiar and appealing to attackers.
All the pre-installed software programs on Macs come directly from Apple and appear to be well tested and optimized to work well on Macs. In comparison, Windows computers suffer from bloatware due to pre-installed software coming from multiple sources – Microsoft, Manufacturer and associated companies. Apple products rank high in terms of quality and customer satisfaction. When you buy a Mac, there is absolutely no doubt that you are getting a product of the highest quality.
It is difficult for Windows Computers to match this level of quality and customer satisfaction due to multiple manufacturers trying to sell Windows computers in multiple configurations. Macs work better and flawlessly with other Apple products. This means that you are better off going for a Mac in case you use an iPhone. The customer support at Apple is consistent, transparent and better compared to Windows Computers. If anything happens to your Mac, you can head straight to the nearest Apple Store in your location and expect support both for hardware and software related problems. Such level of support is not possible in Windows computers due to software coming from Microsoft and hardware being assembled by a variety of PC manufacturers. 10. Whether you like it or not, Macs appear cooler/trendier and people are willing to pay more for Apple products.
Advantages of Windows PC 1. The biggest advantage of a Windows PC is its availability at multiple price points. Since, Windows PCs come from different manufacturers in multiple configurations, there is always a Windows Computer that can match your budget. In comparison, Macs are available in limited models and at fixed price points, which you may or may not be able to afford.
The second biggest advantage of Windows PC is its productivity software. Most Windows computers come preloaded with Microsoft Office which includes two of the most popular productivity software programs in the world – Microsoft Excel and Microsoft Word.
In case you are a gamer, you have no option but to go for a Windows PC. Macs simply do not have the Processing power, RAM and high end graphics cards required to play PC games. Windows computers are available in multiple configurations and allow you to choose from various types of Processors, RAM, Storage, Ports, Displays and other options. In general, Windows Computers offer superior hardware at competitive price points. In comparison, Mac users appear to be paying a higher cost for comparatively lower level of hardware. However, it needs to be mentioned that almost every component on an Apple product is optimized for better performance, tweaked to consume less power and generate less heat. Accessories for Windows Computers are easy to find and available at competitive prices compared to Macs.
This makes Windows computers cheaper to operate and run compared to Macs. It is easy to upgrade, reconfigure and refurbish Windows computers. This aspect of Windows computers appeals to tech savvy users who enjoy such activities. 8. In general, more Software programs are available for Windows PC compared to Macs. Windows Computers have better backwards compatibility compared to Macs. For example, it is not uncommon to find 5 to 7 year old Windows computers running the latest version of Windows 10 without any problem.
Windows community and user base is larger compared to Macs. Mann mera video song for free download. This practically means that it is easy to get support and advice for software and hardware related issues for Windows computers. Disadvantages of Mac 1. The biggest disadvantage of Macs is that they are expensive compared to PCs. However, as mentioned above, Windows Computers are getting expensive and the gap between MacBook Air and a comparable Windows Laptop is not that much.
The second major disadvantage of Macs is that most of the work related software like Microsoft Excel, AutoCAD, Timberline, Primavera and Accounting software is designed for Windows computers and not for Macs. While Macs have their own version of Excel (Numbers) and Microsoft Word (Pages), these programs are no match for the Power and Versatility of Microsoft Excel and the practical functionality of Microsoft Word program. While you can buy Microsoft Office made for Macs, it is not uncommon to come across users reporting missing features, problems and overall lack of power while using Microsoft Excel on Macs. Macs are clearly not built for playing PC Games. Even the most advanced MacBook Pro does not have the processing power, RAM and the Graphics to play PC Games. Using a Mac is fundamentally different than using a Windows computer.
Those coming from Windows PC background to Mac will require patience to get used to the way Macs work. In the first few weeks you may often feel like going back to Windows PC. However, once you get used to Macs you should be able to work as effortlessly on a Mac as you used to on a Windows PC. Disadvantages Of Windows PC 1. Windows computers are clearly getting more expensive and most likely driving budget customers to consider using a Mac Mini or even MacBook Air which are now available at tempting price points. Windows computers come pre-loaded with bloatware from manufacturers, which makes them slow and buggy. While those with technical abilities can easily get rid of this bloatware, average computer users are not really equipped to deal with this issue.
Due to their large user base, Windows Computers are considered as being primary candidates for attack by hackers and computer viruses. However, it is not difficult to minimize this risk by keeping the software on your computer updated and installing a good antivirus program on your computer. 4. Although the situation is improving, software updates on Windows Computers are still far from being trouble free. Should You Buy Mac or Windows PC As far as consumers are concerned, the decision to buy should be based on which platform really suits you better, while taking into consideration the purpose for which you are buying a computer and the budget allocated for your purchase.
For example, Windows PC is a better option in case your work requires the use of Microsoft Excel and other productivity or work related Software Programs. The same holds true, in case you are buying a computer for general and recreational use and your idea of fun is to play high intensity PC Games. When it comes to budget, College students surviving on borrowed money are clearly better off buying a cheaper Windows PC or a, instead of piling on more debt by going for an expensive MacBook Pro. However, if you are working part time and having a MacBook makes you feel better (does it!!?), make sure that you go for MacBook Pro and promise yourself that you will do better at both studies and work! Image source: Apple, Microsoft.
Advantages Of Understanding Accounting
Cost Although some small business accounting packages are reasonably priced, the cost of the software is not the only cost of using the software. Accounting software requires minimum standards for computer use in regards to RAM, processor speed and hard drive memory. Making a backup of your accounting data may also require more storage space than an Excel spreadsheet, which is easily copied to a flash drive. Technical support for the software may cost extra, and you can incur annual licensing fees in order to receive upgrades. If you are not skilled in software installation or accounting setup, you may also incur the cost of hiring a consultant to perform those tasks for you. Difficulty Some accounting software packages are designed specifically for non-accountants, but you will still experience a learning curve when converting to any software package. If you have never used accounting software before, learning the accounting terms, layouts and determining a proper setup may be more difficult than the benefits received from utilizing the software.
Advantages Of A Mac
Running your own business already comes with enough stress and aggravation. You should not add the stress of learning accounting software to the mix unless it is absolutely necessary or the gains from utilizing the software outweigh the losses. Maintenance Maintaining accounting software not only includes performing upgrades to the accounting software package, but also maintaining and upgrading all the necessary equipment to utilize the accounting software as new versions can require upgraded equipment.
That equipment often includes your PC or laptop, monitor, printer, Internet connection and modem, backup drive and operating system. If you do not wish to spend the time and money to keep your equipment in compliance with the accounting software, it is best to stick to spreadsheet or ledger accounting.
The accounting software have upgraded to a point where an accounting software in excel has a lot of disadvantages that you will need to heed to so you know that it is time to move to a smarter software. The disadvantages of accounting software in excel makes it complicated and gives rise to innumerable shortcomings that can be removed with the latest accounting software. But first you will need to recognize the drawbacks that it comes with. Disadvantages:.
Human errors Errors are bound to happen when a human is entering the details in a spreadsheet. In case wrong dates, wrong numbers are placed the entire report will become a mess and it is possible on a frequent basis.
The damage that can occur is unpredictable and huge as small errors will lead to big confusions and it is unavoidable as humans are prone to making mistakes. Difficulty in troubleshooting You can come across missing data and folders spread all over the place which is bound to happen and it can be scattered all over workstations, offices etc. This will make it extremely difficult for you to locate or trace the data and every related file. Prone to fraud You don”™t really have any proper security when it comes to accounting in excel sheets. It will bring millions and billions of loss if you are not careful, but how careful can anyone be. It does not provide any guaranteed security other than password which can be hacked easily using any hacker. You have no control over your data as it is easy to alter the formulas, values, etc.
Not updated for today”™s business The business today has developed to a stage where the process has become complicated and smarter than just filling numbers in the columns. This cannot be taken care by accounting software in excel. It is simple a dry accounting that you can also put down in a paper. Not designed for collaborative work It is not designed to perform any collaborative work. Planning, forecasting, budgeting and reporting are all collaborative activities. These are not possible to be performed by it as it only records the daily reports. In case you have several branches and offices the only way to share your data is though emails.
This does not provide satisfactory level of accounting and is not smart enough for any business. It keeps you from exchanging it there and then and from being on the same page with all the other branches and employees creating communication gap.
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Difficult to consolidate It does not allow one end of the user to have it all as it favours just one end. Thus the other end users have to go through a long and slow process to consolidate and collect all the data together. All your department heads have to collect all the scattered data and go through a slow process to provide the report to the owner. Which can be done by just accessing the software without anyone having to collect data from every place in case of other accounting software. This leads to errors as many people handle it and while collecting large amount of data it is obvious to make mistakes. Cannot help in fast decision making It creates communication gaps as the data in it has to be sent through emails to keep everyone informed and so the business owner gets all the details. Consolidating takes a long period of time giving rise to errors, hence cross checking is required along with several other work.
This hinders the work flow resulting in late decision making. Not suitable for continuity As you cannot have all the data in one place it does not provide continuity to the records and accounts that you collect everyday. The reports are scattered in separate folders which makes it difficult to have a proper continuity. This way you can never save all your reports in a=order and that results in havoc in the end of every session.
Bad in scaling Only if you can scale your profit and progress in a proper manner will your business grow faster as you remain aware of your business progress level. But not in case of Excel, it cannot provide you a clear visibility for your business progress and profit meter so you cannot compare it in the easiest way to improve your business based on what you are suppose to improve in. Reach accounting software All the above mentioned disadvantages of accounting software in excel can be forgotten once you decide to move to Reach accounting software. The latest, smartest and friendliest sofwtare available in the market. It customizes with any type of business and provides you with all the latest features. It is a complete business management software. Reach cannot be compared to excel accounting as excel is a child while Reach is an actual software built for managing a business despite of what its size, process and niche may be.
It can improve your business in the smartest and fastest way with all its powerful features. It is a powerful sofwtare that simplifies your complex business by managing everything that you need.
Features:. Order management.
Manufacturing management. Warehouse. Point of sale. Lots and barcode management.
Project. Accounting. Invoicing.
Multi branch. Purchases. Sales. Access. Multi company. Auditor view. Mobile application.
Business automation. Operations and process.
Loyalty management. Addons. Tally import The features tell you the difference between accounting sofwtare in excel and Reach. It allows you to access all your accounts even when you are not at work, from any device and any location. It makes your business error free and all the updates are provided in real time hence there are no communication gap whatsoever. Reach provides bank level of security to your business with no possible fraud and unauthorized access as it also comes with accessibility restriction menu so you can restrict areas as per your requirement within the sofwtare from your employees for maximum security.
There is no requirement of man labour as much as it automates your entire business working thorough out on its own managing the departments and updating you timely and also backing up your data every 3 hours. Reach also reduces cost in your business and gives clear view of work progress and profit meter so you can make better decisions and gain profit in an easier way. For 15 days free trial click on.
Apple’s products have soared in popularity in recent years, with the iPhone and iPad capturing people’s imaginations. As a result, increasing numbers of people are using Apple's products in the workplace. Is it time to consider a Mac for your business? PC and Mac compatibility Traditionally, Macs and PCs have occupied different areas of the business IT market. “Macs were for more creative industries, but over the last few years there’s been a convergence,” says Andy Nunn, director of. As a result, it’s become easy to run PCs and Macs on the same computer network and to share files.
“I’ve never had any compatibility issues,” confirms Jen Holmes, who runs. “Everything you need is available on both.” The range of business software for Macs has increased enormously, too. “For years, Windows had a bigger choice of software,” explains John Baxter, systems administrator at, which moved its sales team to Macs from PCs.
“Now you can get equivalent Mac software for virtually everything.” Popular applications - like Microsoft Office – are also available for Macs, making it easier to switch to a Mac for business if you want to. And then there’s the ‘iPad effect’: as companies start to make use of and iPhones, they naturally want to consider Apple Mac computers too. There are still some packages — usually specialist software — which are only available on PCs.
However, even that doesn’t need to cause problems as you can use a tool like to run Microsoft Windows on your Mac. Macs are more expensive With few software differences, cost is often the decisive factor. A powerful Apple laptop — such as a — costs around £1,300-£2,000. Yet a PC of similar specification from can be had for £700-£900. And while entry-level PCs cost £200-£300, it’s impossible to buy any sort of Mac for that price.
Of course, you’re not just paying for the specification. Macs rank consistently well for. “Even after a few years, Macs are still very good machines,” confirms John. “You’re likely to have to upgrade PCs more often.” But although Macs may last a bit longer than PCs, you probably won’t make significant savings in other areas. “Support costs are about the same,” says Andy.
“If anything, you might end up paying a little more for support from a Mac specialist.” Nick Daines from opted for PCs over Macs when buying computers for his firm: “We were looking at a pair of. But compared to PCs, they’re relatively expensive. They’re well designed, so they’re arguably still good value for money, but we wanted to spend a bit less on our laptops.” Is a PC or Mac easier to use? Despite the cost factor pushing him towards PCs, Nick acknowledges Macs have a key strength: “The user experience is better.” Indeed, Apple has become known for making its products simple and enjoyable to use. John Baxter agrees: “It’s my experience that people enjoy using Macs more. This makes them less likely to grumble — they’re more positive and more productive.” Although it’s hard to quantify any productivity gains from the switch, he found people at his company required minimal training to start using Macs.
“We spent about half an hour showing them the basics, then left them to it. It was a breath of fresh air for a lot of them to realise things just worked.” PC and Mac security Viruses and malware are much more common on Microsoft Windows-based PCs. Hackers target them because there are far more PCs out there. “There are fewer viruses for Macs, but as Macs become more popular the risks will grow,” explains John. What’s more, Macs can pass infections on to other PCs. “Do you want to be a carrier and infect your clients?” asks Andy.
“That’s why all our Macs have security software — we use the.” Is it about image? The decision whether to buy a Mac or PC often hinges on image. “I work in advertising and marketing industries,” explains Jen. “People want someone who knows the latest technology.
It’s shallow and ridiculous, but having a sleek Mac is more impressive than having a big PC.” But it cuts both ways. Nick Daines thinks his clients prefer him to have a PC.
“Our clients are technology firms — I think PCs mark us as more serious people who get the job done,” he says. The key, as John Baxter explains, is to focus on your specific situation: “The driving factor for us was a business reason. Our sales team was getting bogged down, and that was eroding our profits. “It wasn’t about us wanting to switch to Macs.
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