Bohemia, NY (PRWEB) October 17, 2013
Lawrence Teicher, founder of CFO Consulting Services, responds to an article published by Fox Business on September 26th, which lists the top five accounting applications available to small businesses.
According to the Fox Business article titled “5 Top Accounting Apps for Your Business,” there are many accounting applications available to small businesses. It’s essential that businesses make the right decision when choosing the proper application. For example, traditional marketing apps are expensive and require external resources, which can drain assets away from your business. On the other hand, there are some applications that can “automate a complex task to a series of clicks,” which saves valuable time and money.
The article says some of these apps include Zoho Books, Xero, FreeAgent, FinancialForce, and Quickbooks. Of these elite few pieces of accounting software, Quickbooks is the top dog. “Quickbooks enables you to track payments through multiple options including automated online banking, creating estimates, and entering and managing bills,” the article says.
Although Quickbooks is the oldest of the listed accounting apps, it is also one of the most progressive. It has versions on multiple platforms and features cloud-based accounting. The article says cloud-based accounting solutions, like Quickbooks, are setting a new standard in accounting services because they do not require installation costs and are accessible from any location.
Lawrence Teicher, founder of CFO Consulting Services and Quickbooks Gold Pro Advisor, says small businesses should implement accounting software to keep track of profits and cash flow. “In order to do good business, you have to understand where your money is going and how much you are taking in,” Teicher says. “Quickbooks is one of the best apps to help businesses do this. The beauty of Quickbooks is that it’s extremely versatile, and it’s backed by Intuit, a renowned tax software company. It’s secure and it’s accurate, so it helps you stay on top of your business.”
However, Teicher also says learning these accounting programs can be complicated.
“Quickbooks can seem complex and may be confusing to small business owners that do not have a background in technology or accounting,” he says. “Hiring a part time CFO or certified Quickbooks Pro Advisor can help. As a Gold Certified Pro Advisor, I help business owners make sense of the technology and tech them how to tailor the program’s features to their particular business so they can manage their company more effectively. While it might seem unimportant, a properly functioning accounting system is imperative to the success of every company.”
CFO Consulting Services, LLC provides outsourced, part-time CFO services on an as-needed basis to both small and mid-sized businesses located in the NY metropolitan region. Founded by Long Island CPA and financial expert Lawrence Teicher, CFO Consulting Services follows four main principles: independence, objectivity, competence and confidentiality. These core values have led its clients to achieve lasting success in their businesses.