Accounting software 'holds all sorts of answers'

News Article - 07 September 2007
Category: Business

Computer software can provide businesses with the answers to questions on accountancy, an expert has said.

Shenandoah Valley Small Business Development Centre director Henry Reeves has told the Daily News Record that accounting software can now give businesses the advice until recently only available from a human accountant.

Accounting software has also become commonplace in small business, occupying 75 per cent of the market, he told the website.

Mr Reeves said that the software is usually "relatively easy to use" and with training can help users to get "through the learning curve".

Given that "we live in an information age", Mr Reeves added: "The business with accurate and timely information about [its operations] has a built-in competitive advantage."

Accounting software can improve the way businesses manage their accountants by generating invoices, calculating VAT and handling the payroll, according to Personal Computer World's Alan Stevens, hatPC? reports.

However, he added: "It's always worth asking your accountant for advice on what to by, especially if you want to send data to them."

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