![]() With each system, you can take a photo of a receipt or other expense, and link the photo to a formal bill. You can sort POs by delivery date, expected arrival date, and by other criteria. After an automated approval, the PO can be emailed the supplier. Similar to the invoicing system, both software packages can autofill information into a purchase order (PO). Read this article to decide if you need the desktop or online version of the software Purchase Orders If you manage a business and want to increase your productivity, I also highly recommend QuickBooks accounting software. Even more important, you can be notified when a customer opens the email with the invoice, and customers can pay by credit card or debit card automatically. Invoicingīoth systems allow you to create invoices, and the fields for client, product type, and other data can autofill in the invoice. ![]() MYOB offers several more cash management features than Xero. This is extremely valuable, because you can correct errors without waiting until the month end bank statement. ![]() If, for example, you download information on three debit card transactions from your bank, you can match the bank activity with the expenses in your accounting software.įor example, here is the Xero cash, expense, and receivable dashboard:Įssentially, this process allows you to reconcile your bank account as bank activity is updated online. This feature allows you to match bank statement activity with your accounting transactions. No business can operate without sufficient cash, and your accounting software can help you monitor your cash balance, your customer receivables, and upcoming expenses.īoth systems offer a link to a bank account, and you can download activity from your bank to your accounting system. In addition, both companies offer the ability to log in from a Mac, PC, tablet, or phone, and both systems can connect with dozens of other apps, and with your bank account. Each package is reasonably priced, and offers a good level of customer support. For starters, you should know that both software packages are well established and have thousands of users.
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