Thanks to professional software solutions, cash book accounting has become relatively simple. Entry into an electronic cash book means not only less effort but also more safety when it comes to the annual audit. Then, in the case that the IRS is unclear about something, you can quickly answer all of their questions without having to first go through your cash book. Above all, it’s important that your cash book meets all of the requirements of the tax office. It doesn’t so much matter whether you’re creating your cash book based on an Excel table or with the help of a professional finance software.
Professional finance software allows you to keep your books in an efficient, time-saving, and accurate manner. It reliably stores all cash book entries and directly creates the corresponding documents. All of the documents required by the tax office are available for download.For example, if you operate an open checkout in your company, you can create a cash report with just a click and forward it directly to the tax office. At the same time, you always have an accurate overview of the financial situation of your company.
In general, there are three different types of cash book accounting software: