Even experienced accountants and tax professionals can end up unintentionally getting the wrong accountant software. It is important to find tax and payroll software that creates less work for you, especially if you have quite a few clients with unique needs. All of your individual and/or firm’s clients will have greater trust in your services if your tax software is secure with their sensitive information. Whether you need your first accounting program after you branch off on your own or your current tax software no longer works for you, finding affordable software is possible.
Advanced Micro Solutions’ tax software is customizable and designed with small businesses in mind. There is no need to overspend on a program that is meant to simplify your quarterly and annual accounting. AMS software can be an ideal solution for accountants who are experienced or may just be starting out in the field.
How to Know When It’s Time to Update Your Accountant Software
There are certain signs when it is time to invest in a new accounting program. It is better to make a switch sooner rather than when it is absolutely essential or you have already made costly mistakes. Invest in new software if:
You are experiencing or will soon experience client growth. Simple accounting tasks can become more complicated as you take on more clients with diverse needs and requirements. Getting software enables you to streamline how you keep track of invoices or generate each necessary Internal Revenue Service form. Comprehensive software is also useful if multiple members within your team are managing a single account and require easy access.
Your firm needs to access information more quickly. Purchase accountant software that makes accessing the forms and reports that you need quicker and easier than ever. Accessing forms and other client information is especially crucial in the event of a planned or unplanned audit. There is no need for long delays that may affect how a client makes their business decisions. These delays can have a negative consequence on the stock that a client needs to order or potentially how a client should manage their cash flow.
Automation is increasingly necessary. Improving you or your firm’s performance will improve your clients’ businesses in turn. Certain accounting tasks such as inventory tracking, processing transactions, and invoicing customers are essential but repetitive. Handling the accounting tasks for multiple small businesses requires efficient automation tools. Get accountant software so the firm has additional time to support clients in other ways aside from number crunching.
The current system is letting too many errors slip through the cracks. Tax software cannot prevent errors, but it should cut down on how many errors you make and the severity of them. A tax program will reduce how much information you need to enter more than once. Tax software should also catch any inaccurate dates, invoice numbers, customer names, or invoice amounts. There is no need to encounter high tax or payroll penalties with the best technology.
Best Software Features for Accountants
Think about the current accountant software features that you need and possible ones that you can use for clients in the future. The core features that are highly beneficial are:
Electronic Filing – The IRS is much more specific and stringent with electronic filing than in the past. There are ways to make life easier for yourself and your clients. Get a full-accounting suite that incorporates e-filing and software generation within the same base system. Cutting down the need for cross-software integration saves time and money.
A Common Payee File – Select a payee across payers or 1099 forms without needing to enter the same information more than necessary. A Common Payee File will help reduce the risk of a manual input error and free up your time to focus on other tasks.
Batch Printing – Batch print your reports and forms for different clients using the right software. Save time and effort by not printing individual documents. You may also reduce the risk of losing or forgetting to print specific documents.
Multiple Reports – Think about the forms and reports that your clients need now and if those needs will change in the future. Consider the firm’s potential growth so that you do not need to invest in new software sooner than you may want it.
Download AMS Software Today
Our accountant software operates in all 50 states, plus the District of Columbia and Puerto Rico. Download our free 1099-etc Demo software to learn all of the ins and outs. The base W-2/1099 Forms Filer program can be paired with six optional add-on modules. The system supports up to 99,999 employees or recipients per payer. Enter data easily onto entry screens that look like the actual form.