Why it's time to stop using spreadsheets for accounting
A lot of time and effort is spent on manual accounting. You will have to spend long hours keying in data and accounting formulas, and if you have made a mistake somewhere, you will have to spend time combing through your entire spreadsheet to rectify it. As a small business owner, time is precious and you probably have a lot on your plate and you won’t want to spend so much time on accounting.
Accounting software on the other hand, can help you to save so much time. Accounting softwares like Moneyworks and ABSS have an intuitive and user-friendly interface so you won’t have to spend so much time searching and memorizing accounting formulas because you can do most of your accounting with a few clicks.
With accouunting softwares, your business is bound to save time and more importantly, costs.
2. Small errors can result in huge losses
As mentioned previously, if you have made a small error while entering your accounting formula or data, you will have to spend some time checking your spreadsheets, which is very unproductive. However, what’s worse than that is not discovering your mistake, and one wrong digit, or comma, can result in huge losses.