Take advantage of accounting software, business owners are urged

News Article - 26 February 2008
Category: Technology

Business owners are only using an average of 20 per cent of the capabilities of their integrated accounts packages, it has been claimed.

According to ITBusiness.ca, companies are missing out on many of the benefits accounting software products can offer when it comes to taxes.

Esther Friedberg Karp, principal of CompuBooks Business Services, explained to the source that she hires the help of an accountant rather than tackling taxes herself.

"Taxes strike fear in my heart," she said. "I'm not going to practice medicine without a licence - why would I do my taxes without a licence?"

However, the portal claimed that for those who are not scared of learning how to use accounting packages, there are a range of products on the market to choose from.

In addition to this, for those who still choose to hire a professional such as Ms Friedberg Karp, accounting software can help a business owner make sure all data is correct before the accountant prepares the final statement.

Businesses are looking for reliability and stability in accounting packages, Accountancy Age magazine recently claimed.

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