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Top 5 Accounting Tools for Business Decision Making

If you are looking to make the most out of your business management and finance, consider the benefits of financial accounting tools for business decision making. In order to make good business decisions, you need to have the right information, which is why your accounting and finance departments are so important. With the right platform, you can effectively manage your finances and make informed business decisions that will drive growth and profits.

Part 1Top 5 Accounting Tools for Business Decision Making

1. Wondershare PDFelement

personal finances software free

PDFelement is one of the best accounting tools to use. Built for finance and banking, PDFelement is a very capable editor that can handle your financial documents with ease. It’s an intuitive platform that can handle all your secure documents and safeguard your reports and statements.


PDFelement is a great option for teams who need to collaborate on big projects and it will help you towards a paperless office. It helps to enjoy secure recordkeeping and you can set passwords and benefit from 256-bit AES encryption to protect your PDF files. If you need reliable reporting, and a safe way to create, share and manage your reports and statement, this is the perfect solution for you.

2. Sage One

free software for personal finance

Sage One is a popular name in accounting, making it the perfect addition to your arsenal. It can handle all your accounting functions and allow for accurate reporting. It gives you all the information you need to make sound financial decisions for your business, making it the perfect solution for growing businesses.

With Sage One you can easily generate reports and keep track of your company’s time and expenses. With the ability to keep your team on track with their accounting functions and responsibilities, Sage One can be the perfect managerial accounting tools for business decision making.

3. FreshBooks

free personal finance software download

FreshBooks started out small, and have since grown into a great accounting tool. Not only does it handle your invoices, expenses and employees, but it also effectively handles your accounting reports, which is a great benefit for any decision maker. You can get the information you need, from an easy-to-use interface, which is perfect for small businesses and start-ups too.

FreshBooks also have great time tracking features, as well as reliable support. It can boost your productivity, and the friendly user interface makes it easy for any team to use. It’s easy to learn, and easy to use so it’s perfect for larger teams as it won’t take up a lot of time and resources to master.

4. Xero

free personal financial software

Xero is a competitor of note for many well-known accounting tools and software. With a comprehensive list of features, Xero can be a great accounting tool for business decision making. It allows you to get accurate reports, reliable payroll support, and offers a wide range of add-ons for even more functionality.

Xero is perfect for medium and large businesses, and can handle your accounting needs with ease. It can handle time tracking, automatic synchronization with your bank to update transactions, and manage all of your company’s expenses effectively. It gives you an all-round view of your business’ finances.

5. Momenteo

free personal financial planning software

If you are just starting out as a freelancer, you’ll know just how frustrating accounting can be. But it’s important to stay on top of this aspect of your business, as you’ll need to know what your bottom line is in order to make informed decisions and know that your business is on the right track.

With Momenteo, you can easily manage clients and accounts, and keep an eye on your expenses. It’s an affordable tool that gives you all the basics you need to help grow your business.

Part 2Tips for Using Accounting Tools

If you are looking for the perfect accounting tool, there are a few things to consider. Your accounting software not only manages your finances, but also allows you to make important decisions that can affect the future of your business. Here are a few great tips to keep in mind:

  • Choose a solution that is scalable. You want to work with an accounting tool that can grow with you. It’s important to know that the software you choose can handle small and large companies.
  • You need accurate reports. A good reporting function is essential if you want to make the most out of your accounting platform. You need to keep an eye on your company’s growth and other important aspects, which is why reports are always needed.
  • Start small. There is no need to use a complicated tool when you are just starting out. Keep it simple and focus on growing your business.
  • Go for a reliable one. It’s important to trust the information you are given, and this is especially important when it comes to making business decisions. Choose a solution that provides accurate reporting, and the ability to share reports with specific team members.
Wondershare Editor

Posted by to PDF Business Tips | Follow @elisewilliams7
Published: Apr 07,2017 16:48 pm / Updated: Apr 07,2017 16:48 pm

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