Top 10 Financial Accounting Software: Ratings and Reviews

FAS (Financial Accounting Software) is an integrated accounting system which takes care of all business needs. It incorporates powerful features for maintenance of data related to general accounting, inventory control, portfolio management, export documentation, pharmaceutical stock maintenance, sales, purchases plus other facilities. It also provides reporting of the above for MIS, accounting and taxation purposes.

Virtuous Reviews is a leading business review platform working globally, gives in-depth information for various software including financial accounting. By providing original, user-driven top 10 reviews and ratings, this free platform serves as a rescuer, for those who get confuse with different companies software. If you are seeking for a unique perception into your buying decision, then you have arrived at the right place.

Managing, recording and monitoring all the expenses in an organization makes this tool be very helpful for the business owners. There is a wide range of software available over the internet and each system comprises its own qualities. Going through all the assets and judging each product seems a difficult task, thus, we have designed Virtuous Reviews. By providing effective reviews on different brands offering financial accounting software, Virtuous Reviews proposes a way to manage all your financials in an effective manner.

How to choose the best financial accounting software?

Before deciding which software suits your business most, it is essential to consider 5 key criteria as follows: -

Adaptability

The modern day business environment transforms itself rapidly without any warning due to globalisation, technology advancement, and economic turmoil. As a leader, you know how complicated, expensive and time-consuming it is when you have to re-design your systems to fit current and future demands. So, get ready for the latest financial accounting system in the market, which is designed to handle these changes without interrupting your current systems.

Speed

A quick-to-respond financial accounting system is extremely necessary for providing you the tools to access information whenever you need it, hence, you can seize opportunities, move forward and leave your competitors behind.

Embedded analytics

Embedded analytics allow you to track financial performance in multiple aspects. For instance, you can track your company’s performance by business unit, department, product, vendor, etc. In short, look for a system that can offer you meaningful business and financial insight on demand, preferably via a dashboard.

Global capabilities

The global capability will provide you tools to work with multiple geographic regions on a single platform. It should also be able to ease the differences in structures of multinational businesses, for example language, currency, taxation and legal compliance. Therefore, the solution you need should offer a range of deployment options but with minimal requirements for support to accommodate multiple geographic regions.

Vendor support and vision

Do you have an ineffective in-house support team for your financial accounting system? Instead partner with software vendors who you can trust. These IT companies not only supply you with advanced software but also support you with excellent after-sales services, i.e. from the availability of resources and degree of expertise to global presence. Your software vendor should share the same vision, commitment, and resources with your company so that you can take advantages of these latest technologies to help your business grow faster and stronger.

Features:-

• It gives you the flexibility and facility to modify or edit information as per the company’s records.
• It also facilitates the users to take print of the generated reports for further use.
• It allows users to create accurate cash book, production report, day book and other required reports to view the current financial position of the company in the real time.
• It provides the facility of user authentication to block unauthorized users from accessing the company records.
• It does not support any kind of duplicity of the company records.

Benefits:-

• See real time P&Ls anywhere on any device
• Speed up your bookkeeping processes and save more time for data analysis
• Use standard accounting reporting templates or create your own customized dashboards.
• You can easily maintain and record your company’s accounting details in every financial year.