AccountingSuite™ advances small business accounting with a new generation of PROP software | PR Newswire

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AccountingSuite™ helps small businesses tap into a new sector of the accounting software market with a solution that bridges the gap between entry-level solutions and ERPs. This new class of software, called PROP (Process and Resource Operation Planning), offers businesses the ability to build their operational infrastructure using a framework more specifically designed to meet the needs of small businesses than traditional accounting software.

SAN JOSE, CA., June 16, 2022 /PRNewswire-PRWeb/ — AccountingSuite™ helps small businesses tap into a new sector of the accounting software market with a solution that bridges the gap between entry-level solutions and ERPs. This new class of software, called PROP (Process and Resource Operation Planning), offers businesses the ability to build their operational infrastructure using a framework more specifically designed to meet the needs of small businesses than traditional accounting software.

“Small businesses have a lot of moving parts and their owners don’t want to be experts in accounting, logistics or other areas. Instead, they want to focus on running their core business,” said Kurt Kunselman, COO and co-founder of AccountingSuite. “For most small business owners, ERP solutions are too big and expensive. On the other hand, many of them quickly outgrow the basic accounting modules of general ledger, reporting, accounts payable and accounts receivable. That’s why we developed AccountingSuite, to help them bridge that gap and reap the benefits of a more advanced PROP solution.”

PROP (Process and Resource Operation Planning) solutions address more complex needs such as inventory, costing, e-commerce and multi-site operations. For example, each service truck can be treated as a location. PROP products offer more features for small businesses than entry-level solutions, but don’t have as much sophistication as ERP solutions.

PROP solutions provide advanced financial management capabilities for small businesses

“The main benefit of using a PROP solution is that it can help small businesses grow,” Kunselman continued. “When a business owner can effectively plan and track their resources, they can begin to take advantage of new opportunities for growth.”

PROP accounting software solutions help businesses run their operations more efficiently by design instead of using third-party add-ons to traditional small business accounting software. PROP software helps plan and track resources used by a business in addition to the accounting features you’re used to using in entry-level accounting solutions.

Functions such as General Ledger, Accounts Payable and Accounts Receivable are still mainstays of the software. However, PROP solutions go beyond that by also offering inventory, costing and e-commerce modules. Moreover, the best of these products helps to manage cash effectively. Even without inventory needs, efficient deposit management is a crucial feature of AccountingSuite that supports service-based businesses.

AccountingSuite, for example, not only includes general ledger, reporting, accounts payable and accounts receivable modules, but it also includes inventory, costing and e-commerce modules and allows multi- companies. This is beneficial for any business owner who has more than one business for which they need to compile and track financial data comparatively. With an advanced PROP platform, you can track, monitor and analyze multiple businesses in one view. Plus, you can create powerful reports that align all your chosen KPIs across all entities.

PROP solutions also create efficiency in inventory management for accountants and business owners

Inventory management needs are usually the key feature that drives companies out of traditional entry-level accounting solutions and into the PROP category. AccountingSuite includes comprehensive inventory management features, which allow users to track stock levels, orders, sales, returns, and deliveries from anywhere, anytime. Plus, your team can reduce inefficiencies by leveraging effective operations management, reducing business overhead and improving gross margins.

About AccountingSuite™

AccountingSuite™ is a powerful all-in-one business application for accounting, cloud banking, order management, inventory management, project and time tracking in a single cloud-based platform. Our mission is to provide easy-to-use, simple and scalable software for startups, entrepreneurs and growing businesses to manage not only finances but day-to-day operations as well. AccountingSuite™ partners with accountants to provide the software as low as $5 per month per customer. Learn more at http://www.accountingsuite.com.

Media Contact

Ted McRaeAccountingSuite™, 415.462.5477, [email protected]

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SOURCEAccountingSuite™

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