Accounting Systems Archives - Patriot Software

Accounting Systems Archives - Patriot Software Mon, 28 Oct 2024 19:23:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://www.patriotsoftware.com/wp-content/uploads/2020/01/cropped-site-favicon-32x32.png Accounting Systems Archives - Patriot Software 32 32 Strategies for Minimizing Data Entry Errors in Accounting https://www.patriotsoftware.com/blog/accounting/data-entry-errors/ Thu, 11 Apr 2024 17:15:44 +0000 https://www.patriotsoftware.com/?p=67747

Woman talking to a co-worker over the phone about data entry errors.

Mistakes happen all the time—just look at your phone the next time you’re texting someone or putting in your password. Entering numbers in your books is no different. Data entry errors are common, but unchecked mistakes can quickly tank the accuracy of your books. A data entry error can lead to incorrect financial statements, inaccurate […]

]]> Your Guide to Accounting Software for Sole Proprietors https://www.patriotsoftware.com/blog/accounting/sole-proprietor-accounting-software/ Wed, 20 Mar 2024 16:54:00 +0000 https://www.patriotsoftware.com/?p=67541

sole proprietors on the phone while using accounting software

Being a sole proprietor is a rewarding, but challenging, journey. Many sole proprietors view managing finances as one of the most challenging tasks. But thanks to accounting software for sole proprietors, financial management (and analysis) has gotten faster and easier. This guide dives into the different aspects of sole proprietor accounting software, including benefits, features […]

]]> How Is Machine Learning Used in Accounting? https://www.patriotsoftware.com/blog/accounting/machine-learning-accounting/ Wed, 13 Mar 2024 17:58:18 +0000 https://www.patriotsoftware.com/?p=67415

man and woman looking at machine learning in accounting on a laptop

Machine learning (ML), a branch of artificial intelligence (AI), is everywhere. It has transformed online shopping (“users also bought…”) and TV streaming (“because you watched…”). Machine learning has also revolutionized the field of accounting. Machine learning in accounting has made financial management more streamlined, accurate, and insightful. Business owners, accountants, and bookkeepers can benefit from […]

]]> How to Use Accounting Software https://www.patriotsoftware.com/blog/accounting/how-use-accounting-software/ Fri, 04 Nov 2022 17:30:00 +0000 https://pslohio.wpengine.com/uncategorized/how-use-accounting-software/

Man learning how to use accounting software

After deciding to streamline your business processes with accounting software, you might be wondering, What now? You need to know how to use accounting software to get all the great benefits out of it. The first step in using accounting software is to choose which one you want. Though not all accounting software is the […]

]]> How to Change from Cash to Accrual Accounting https://www.patriotsoftware.com/blog/accounting/cash-to-accrual-conversion-section-481-change-accounting-method/ Thu, 03 Nov 2022 13:04:00 +0000 https://pslohio.wpengine.com/uncategorized/cash-to-accrual-conversion-section-481-change-accounting-method/

When you started your business, you might have chosen to use cash-basis accounting. Cash basis is the simplest way to record your books. It is good for new businesses with few transactions. You might consider switching to the accrual accounting method as your business grows. Accrual accounting offers several perks for financial management. And if […]

]]> Unlock the 7 Primary Advantages of Accounting Software in Your Business https://www.patriotsoftware.com/blog/accounting/advantages-accounting-software/ Thu, 25 Aug 2022 20:45:00 +0000 https://www.patriotsoftware.com/?p=56962

Woman using a laptop with financial statements on the screen.

As a busy business owner, you’re always looking for ways to save your time and money. And, you certainly don’t want to waste your precious time, energy, and hard-earned cash on accounting tasks. The solution? Accounting software. Along with saving your money and time, there are plenty of other advantages of accounting software. Ready to […]

]]> Changing Accounting Software? Here’s What You Need to Know Before Making the Switch https://www.patriotsoftware.com/blog/accounting/changing-accounting-software/ Tue, 23 Aug 2022 20:53:54 +0000 https://www.patriotsoftware.com/?p=56864

As a small business owner, you already have enough on your plate. There’s no reason to hold on to accounting software that doesn’t meet your needs. Changing accounting software can make your business’s day-to-day run smoother than ever. So, how do you do it? Read on for the scoop. Reasons for changing accounting software There’s […]

]]> Setting up an Accounting System: Crunching the Numbers https://www.patriotsoftware.com/blog/accounting/setting-up-account-system/ Thu, 11 Aug 2022 18:58:32 +0000 https://www.patriotsoftware.com/?p=56785

Software is a popular type of accounting system you can use to streamline your bookkeeping process. Depending on the software you choose, you can save your time and money and focus on what matters—running your business. But first, you need to know about accounting software setup. Lucky for you, our guide makes setting up accounting […]

]]> What Is Bookkeeping? The Truth Is in the Numbers https://www.patriotsoftware.com/blog/accounting/small-business-bookkeeping/ Tue, 19 Jul 2022 20:20:37 +0000 https://pslohio.wpengine.com/uncategorized/small-business-bookkeeping/

Calculator on top of financial statements.

Whenever you make a sale or purchase, the amount of money your business has will change. Keeping track of your business’s financial transactions is key to your business’s future. Luckily, those sales and purchases create documents such as invoices and receipts. Bookkeeping tracks your finances through the documentation that your business creates on a day-to-day […]

]]> Do You Know How to Choose the Right Accounting Software for Your Business? https://www.patriotsoftware.com/blog/accounting/choosing-accounting-software-whitepaper/ Tue, 21 Jun 2022 12:10:00 +0000 https://pslohio.wpengine.com/uncategorized/choosing-accounting-software-whitepaper/

Maybe you’re thinking about buying accounting software for the first time. Or, you’re finally ready to switch software providers. At some point, you may wonder how to choose accounting software. There are so many options out there that even knowing where to get started selecting the right accounting software can feel impossible. This article will […]

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