Accounting software proves beneficial for all types and sizes of businesses in several ways. Whether you have a small business or a skilled accountant taking care of your accounting needs, getting bookkeeping software can help you maximize the credibility of your accounts. From cash flow interpretation to managing expenses and profits, advanced bookkeeping software brings accuracy to every aspect of your accounting processes.
Every year, many businesses have to deal with a common problem, i.e. late invoice payment. It is observed that over 60 percent of all the invoices raised by a business are paid late. Moreover, the statistics suggest that on average business invoices are paid six days late and more than one-fifth of the invoices are paid late by more than 2 weeks.