Many small business owners start managing finances using Excel spreadsheets. However, as businesses grow, spreadsheets become insufficient due to errors, time consumption, security concerns, fraud risks, and collaboration challenges.
Cloud technology advancements offer a more efficient and secure way for SMEs, accountants, and bookkeepers to handle accounting tasks. The global cloud accounting market is projected to grow significantly by 2028, with a large percentage of SMBs and large companies already relying on cloud-based software.
Our cloud-based accounting software provides numerous benefits, including GST submission. Unlike traditional spreadsheets, which are prone to fraud and difficult to track changes, cloud-based software provides a detailed history of document changes. For example, users can easily track who created, approved, and sent an invoice, along with relevant dates and notes.
The Metro Accounting System simplifies daily accounting tasks for small business owners with features like bill payment, expense claims, payroll management, and inventory tracking. Users can create customised quotes and invoices, send them to clients, and accept online payments. Employee expense claims are streamlined with tools for capturing data and submitting claims on-the-go, while business owners can promptly approve claims and monitor spending through analytics tools.
Accountants and bookkeepers can automate tasks, collaborate with staff, and access client records anytime using Metro Accounting System. The platform helps manage workflows, request documents, and handle tasks such as invoicing. Compliance is simplified with templates and automation for customized work programs, client queries, and work papers.
Inventory management is another key feature, enabling real-time tracking of stock and providing insights into item performance. Users can save details of frequently bought or sold items, add items to quotes, invoices, or purchase orders, and manage their stock efficiently.
Metro Accounting System also simplifies project management by allowing users to create quotes, track projects, and send invoices from a single platform. The project tracking feature helps estimate time and costs, and users can directly track time. Integration with top payment gateways makes it easy to receive online payments and keep project costs up to date. Reporting features offer insights into project profitability, aiding in improving future quotations.
Bank transaction management is streamlined with secure bank connections through Metro Accounting System, eliminating the need for manual entries. Financial reporting is made easier with standard reports such as balance sheets, cash flow statements, and income statements. Users can view, share, and customise reports easily, including adding formulas, notes, and links using drag-and-drop functionality.
In summary, Metro Accounting System offers a comprehensive suite of tools for small business owners and accounting professionals to efficiently and securely manage their financial affairs.