New Software Fights Small Business Fraud

27 Free Invoicing Tools for Businesses on a Budget

Due to the lack of resources necessary to effectively protect themselves, small businesses lose nearly $630 billion to fraud each year and are almost twice as likely to experience internal fraud as larger organizations. To help protect small businesses against occupational fraud, Certified Fraud Examiner Julie A. Aydlott created the Vitalics Internal Control Application, a new desktop software specifically designed for small business fraud prevention. Compared with large publicly held companies, there are no standards like the Sarbanes-Oxley Act that govern internal controls and certify financial accuracy for small businesses. At the same time, small business owners do not have the budget or resources to develop and implement their own auditing and fraud prevention systems. Furthermore, despite the need for protection, there are very limited tools available to small businesses to counter fraudulent activities. [How Companies of All Sizes Can Prevent Fraud] Instead of putting a business at risk, the Vitalics Internal Control Application provides an affordable way to help avoid costly mistakes and fight employee theft. Using Vitalics, small businesses can review financial records, implement bookkeeping controls and provide fraud education to their staff. Independent of your internal accounting software, the Vitalics desktop application includes more than 120 control forms and customizable checklists to audit a range of accounting areas, such as fixed assets, cash, payroll, purchasing and inventory, financial reporting, reconciliation and risk assessment.
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Cyber Security, Cyber Threat, Cyber Crime, hacking, hackers You also have to pay for the VAR's services. These costs need to be factored into your budget, if you go that route. Reach out to other businesses and software consultants Find out what everyone else is using in your industry. Okay, maybe not everyone else, but a least a few of your competitors. Business association meetings are a great place to chat about this, and you can also ask your accountant, since they should have at least one other client in your industry. There are also consultants and/or services that will help you narrow down your options for the best financial accounting software for your business. operates independently of any software vendors but will help match your business needs with suitable software programs after you fill out an online questionnaire. The site promises to get back to you within days with appropriate selections. "We work with about 1,500 different companies in the U.S. and Canada. They are sometimes software resellers or software developers," Budiac says. "What we try to do is be the grease between the wheels." You may also want to check software product review websites, such as CNET and PC Magazine . Create your wish list Now that you have gotten a lot of input, it's time to sit down and document what you want the business accounting software to do for you.
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Best accounting software for small businesses

However, when you're running a business on a tight budget, it can be difficult to find an invoicing tool that has the features you need without breaking the bank. See also: 9 Data Sets Every Ecommerce Company Should Measure We handpicked 27 of the best free invoicing online tools to help ease the process of managing your accounting, and simplify getting paid. Note that we've only included tools that provide a dedicated free plan, or are open-source, excluding those that only offer free trials. Is there a particular free invoicing tool that you would recommend? If so, please share the link with our readers in the comments below. Image: Curdbee Curdbee is a fully featured online billing tool that can be used to send estimates, invoices, track time and expenses, and accept online payments. You can send invoices to an unlimited number of clients with support for PayPal, Google Checkout and The tool also lets you set taxes, discounts and shipping costs, and send invoices via email or download them in PDF format. You can customize your invoice template to compliment your branding, and even use your own domain name. 2.
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How to Choose Business Accounting Software

Small Business Advisor Best accounting software for small businesses By Evan Godfrey | Docstoc Fri, Feb 24, 2012 7:01 AM EST View Photo Unless you have a horde of scriveners working for you small business, paper bookkeeping is essentially obsolete. There is an abundance of free and paid software available to help your small business stay on top of its finances. This article compiles the top accounting software and compares their features to help you make the right software choice for your small business. Common Features There is a lot of software available for small businesses. Choosing the right one can be difficult. Oftentimes, software seems overly loaded with bells and whistles with only marginal utility for your company, while other software has less functionality than Microsoft Excel. Though large companies can often afford to special order software tailored to their needs, this is not a feasible option for most small businesses. Aside from basic accounting capabilities, most software has expanded into full-fledged suites. Some features include: General ledgers a simple interface of accounts payable vs. accounts receivable. Extensions are available with most software, including support for tax documenting, check handling, and payments Double-entry bookkeeping the ability to automatically track both where money is coming from and where it is spent POS point of sale capability to process sales, including electronic (card and online, eg PayPal ) and check payments Customer Relation Management (CRM) tools to help assist your customers, including an interface for customer support representatives and IT personnel that can effect customer payments or accounts Enterprise Resource Planning (ERP) more of a suite type than a feature, ERP is a comprehensive set of tools for everything from financial planning, human resources, and manufacturing and warehouse management.
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