Remote Accounting Software: Different Solutions Under One Roof

Remote Accounting Software: Different Solutions Under One Roof

Remote Accounting Software

Published: 02/23/22

In a year like 2020, searching for the right accounting software for managing accounts has unexpectedly become very fundamental.

When talking about remote work, you probably consider video calls, remote meetings, and remote presentations. These are a significant part of working online, especially with co-workers and clients.

Remote accountants who are unfamiliar with remote accounting software technology are quickly realizing that working outside of a traditional office setting is not quite that simple. You need a clear mechanism, continuous communication, and a strong cyber load to do your best work.

Most of us must be thinking now about:

  • How do I work remotely and still be productive?
  • What tools do I need to do it perfectly?

Special built remote working software will keep you and your team working according to your plan, no matter if you are working from the office or the ease of your home and there are all kinds of choices for different industries, working styles, and team sizes.

With hundreds of software options to choose from, navigating through them all while also settling into your new home office can be overwhelming.

In this article, I’m sharing about some great remote accounting software for everything from smooth group correspondence to client presentation, secure exchange of documents to financial accounting, and a lot of other related factors. 

Online CPA Portal

Online CPA management software works as your lifeline in a sea of accounting paperwork and client requests. An online tool designed for CPAs or Accountants takes the stress out of accounting firm management and makes it easier for certified public accountants to reach their goals. CPAs, Accountants, bookkeepers, and tax professionals use different web portals to seamlessly communicate with clients without any hassle. An easy-to-use paperless portal connects clients to their CPAs, Accountants,  bookkeepers, and tax professionals, improving client communication and satisfaction. CPA portal services include:

CPA Software

CPAs providing remote accounting services require software tools different than those commercial, government, and non-profit organizations use to manage their books. No matter what type of services your public accounting software offers, there are accounting software applications designed to help you more profitably meet the client’s needs. CPA-specific accounting programs will be designed for payroll, expense, and reporting for multiple companies, and will also include useful tools like IRS auditing, tax preparation, and time-based billing.

Not every Certified public accountant uses the same software. If they did, the selection of CPA software must have been a lot easier. But there are a few key features you need to look for before deciding which software is best for your business. 

Some Important Features

  • Ease-Of-Use: Even if you have a lot of experience in accounting, it’s highly recommended that the software you choose must be easy to use. It will also save your time and extra effort and you can consume that time and energy on more important tasks. 
  • Robust Feature Set: The software that you use must include basic accounting features such as income and expense tracking, bank reconciliation, and invoicing. Depending on the demands of your firm or your clients, you may need some extra features such as project management, stock management, inventory tracking, job cost estimates, payroll services, and tax calculations. Consider which features are much needed for you so you can specify your software search based on your needs.
  • Third-Party Consolidations: Many programs integrate with third-party apps, helping to keep your business and finances in order more effectively. Search for software that offers numerous integrations with payment gateways, software, and apps.
  • User Access: Determine how your software will be used and how many people will be using it when making your selection. The number of users added to your software depends on the option provided by that software. Some software allows just a single user access while others permit a single user plus accessibility for an accountant. Some distinct software supports multiple users (sometimes they charge extra for that).
  • Customization Capabilities: All accountants or clients are different, so are their needs. Look for software options that allow you to customize the dashboard, experiment with different features, and even customize differently as per different clients’ requirements.
  • Comprehensive Reporting: Good accounting software should be able to create various financial reports. In addition to basic reports like cash flow records and profit and loss statements, this feature can provide additional benefits to your business.
  • Mobility: If you have to use the software only in the office, locally-installed software could be a great choice. But, if you plan to access the software remotely from various locations or a mobile device, always look for cloud-based software.
  • Cost-effective: It’s always a wise decision to set your budget and prioritize which features are the most important to you. Then explore the options accordingly. There are hundreds of plans available according to one’s needs and budget.
  • Add-Ons: It depends on how you plan to use your software, you may need add-ons. The most widely used add-ons include KeyPay, PayPal, Square and Receipt Bank, GovReports, Shopify, ServiceM8, ServiceM8, etc.

Some Accounting Software

  • Xero
  • SageOne
  • Quick books
  • Fresh books
  • BillQuick