Thursday, September 22, 2011

The End of Accounting Nightmares

Guest post by John Chellan of ISOBE Soft Pvt. Ltd.

I am a small software business owner with lots of experience in software development, but little real knowledge of accounting. Sure, I have done my taxes online, but had never balanced a balance sheet or did any type of journal entry work. Honestly, I’d rather not think about accounting, and just spend my time being more productive developing software and meeting clients.

Grow your business with Express Accounts accounting softwareBut at the end of every month, I knew it was inevitable that all those transactions needed to be somehow entered into Excel and create some kind of crude income statement. That was all I could do, and that is all I knew how to do. In the back of my mind, I realized there is was lot more information in those numbers, and I needed either a professional accountant or software to get to that data. So I called a few accountants. Ouch, they were expensive! Next, I tried the trial versions of the two most popular, very expensive accounting programs and I couldn’t figure out what to do—and trust me I spent days trying to figure out what I was doing. Then I tried some free programs off the internet, and they were just silly with no good reports and user interfaces that looked like they came out of the Stone Age of programming. Almost at the verge of going back to Excel, I ran across Express Accounts.

I was skeptical at first and didn’t expect anything different from what I had seen from the trials of the other software. Well let me tell you, I was pleasantly surprised. First of all, Express Accounts was easy to install and quick, too. The interface was broken down in such a manner that one only needs to understand how the sales and purchase process works, and how to enter in expenses. The interface is quite user friendly and intuitive. The wealth of reports was the big thing that really impressed me about the software. Setting up the electronic invoicing and purchase ordering system was also very easy.

I have been using this software for 6 months now, looking for something to go wrong. The reality is, the more I use it, the more I become accustomed to its wealth of functionality. I really think this is one of the best cost-saving tools for small businesses that can’t afford to put up a professional accounting staff and need to streamline the accounting process and produce business data on the fly. Express Accounts has made the end of the month a stress free time, and now I spend my nights dreaming of growing my business.

John Chellan founded ISOBE in 2009. ISOBE started as a humble English language training center in Tamil Nadu and by 2010 had evolved into an educational consultant for colleges, schools and business. In 2011, ISOBE became ISOBE Soft Pvt. Ltd; and began to develop its own home grown software for small to large businesses.

3 comments:

  1. Hm, sounds like a pretty nifty tool. Indeed, all that accounting you have to do seems so complex, and the jargons can make you feel like you're drowning. It's important to find software that you can use effectively to avoid those technical nightmares.

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  2. True, having an accountant will require you to shell out money. Good thing you were able to settle down with your free accounting software. It is helpful for beginners because it is free and has a very user-friendly interface so you won't need to take any tutorials to understand how to use it. :)

    Regards,
    Jamie Shellman

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  3. Good for you! You’ve found a free tool appropriate for your needs, both for the managerial and financial aspects. Software hopping is never a fun thing, in my experience. The good thing with trial versions is you get to use all of its relevant features without paying the full price. Are you still using it up to this day?

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