This means simple double-entry bookkeeping.
Connect Bank Accounts
Link your bank accounts for up-to-date transaction information with little or no manual data entry.
This means the ability to accept credit card or echeck payments within your accounting software, either through its own payment portal or via a third-party integration like PayPal or Square. Most online payments involve a separate processing fee.
Keep track of miles traveled visiting clients or heading to the courthouse, making it easier to tally for taxes or billing purposes or add to your expense reports.
Pay your firm's bills without leaving your accounting software.
Helps with the complex task of balancing your business accounts. Does not necessarily include more advanced reconciliation features like three-way trust account reconciliation.
Payroll includes automatically calculating employee taxes, printing checks, and paying by direct deposit.
Some accounting software can also be used to prepare taxes for your firm so you can review, approve, and even pay your taxes all in one place.
Businesses need reports to help assess key business performance indicators like profit and accounts receivable. Some products have more robust reporting features than others.
Store contacts for invoicing or billing purposes.
User Management means the software allows your firm to differentiate between persons who have access to the information and adjust their levels of access based on their relevant users statuses.
Split Origination Reporting
This means that the product allows your firm not only to track where a file came from but also to allocate a percentage of the origination to individual users.
Some providers will allow you to set up recurring payments for your clients that will be automatically debited based on selections your clients make.
Trust Account Management
This means the product allows you to differentiate between client trust accounts and track them individually. It also means that the product helps you manage your three-way reconciliation.