Cloud Based Accounting Software for ABC P/L

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Added on  2023/06/10

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AI Summary
This presentation discusses the problems faced by ABC P/L with their old accounting software and recommends three cloud based accounting software options. Sage 50 Cloud is chosen as the best option due to its features such as tax management, budget planning, and real-time access for bookkeepers. An implementation plan is also provided for deploying the software. The presentation concludes by emphasizing the importance of cloud based accounting software for simplifying accounting tasks.
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Cloud Based Accounting Software
ABC P/L
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Presentation Purpose
This presentation is made to highlight the problems
experienced by the ABC P/L company while using the
MYOB desktop software for accounting purposes and
even after they lost their accountant.
In order to address the problems of ABC P/L, this
presentation will list three best and recommendable
accounting software that would help solve most of the
problems and also choose which of the three is best.
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The Organisational Problem
ABC P/L has in the past been using older accounting
softwrea that is not cloud based.
Their accounts person used to perform everything with
regard to the software, right now, they are in dire need of
a simple accounting software.
They need to simply manage their annual taxes and
payroll.
Only a single person can access the accounting software
they were using in the past
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Options
Many cloud based Accounting software exist in the twenty
first century. Below is a list of three packages or options
recommendable for ABC P/L:
Sage 50 Cloud
Intuit Quick-Books
Xero.
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Selected or Recommended Option
Sage 50 Cloud is the best option for ABC P/L.
It is an internet bookkeeping package for little and
medium-sized organizations that offers features, for
example, charges on tax, stock, budget planning, income,
and invoicing.
You can make installments in a hurry and bill clients, and
give your bookkeepers real time access to accounting
books.
This is a perfect solution for ABC P/L as it does seamless
bank reconciliation and good tracking of purchases and
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Implementation Plan
To deploy this software, the company needs to contact a
reputable IT solutions company in order to transfer them
from their old accounting software to a new one.
The process of deployment would not be hard since the
cloub based software is able to make seamless
importation of records from the previous accounting
software.
Thee software will be hosted in the cloud and will thus be
accessible from anywhere.
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Conclusion
Cloud based Accounting software have over the years
simplified accounting tasks that were in the past a pain
and worth much time.
ABC P/L should not be left behind especially at this time
when they have lost their accountant and they need a
simple cloud based accounting software.
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THANKS
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