Accounting is an essential component of a business. It gives you information on the performance, financial position and cash flows of an entity. From the whole accounting system and process, you can derive the data which are essential for both internal and external stakeholders in making informed decisions with regard to matters concerning the business entity or organization. For example, managers use accounting reports as a basis in making managerial decisions and plans. External stockholders can decide whether to invest in a company or lend them money.
A popular accounting software used by various individuals, organizations and companies is QuickBooks. It is a tool used for bookkeeping, invoicing, billing, payroll and online bill paying requirements of the business. This software is usually implemented by small-scale to medium-scale businesses from various industries such as construction, real estate brokers, manufacturing and non-profit.
For those who needed more functionality in terms of inventory management, there is a module called QuickBooks Inventory Management System from Rapid Inventory which can be used for any of the versions of QuickBooks (QuickBooks Pro, QuickBooks Premier or QuickBooks Enterprise. This module tracks inventory transactions and can easily be integrated to the QuickBooks software.
Note: This post is for information purposes only. Any claims or representations about the product should be verified with the manufacturer, provider or party in question.
