ACCOUNTING SOFTWARE AND ITS IMPORTANCE
IN MODERN BUSINESS
Prepared to fulfill one of the English course
assignments Teaching Fecturer : Miss Tian
Compiled By :
Abdurrahman Fhaiz Rumaday 230204012
Viviyang Putri Anatasya Suprapto 230204013
STUDY PROGRAM KOMPUTERISASI AKUNTANSI
ITB STIKOM
AMBON
2025
Foreword
Praise be to God Almighty for the abundance of His Grace and bounty, so that we
can complete this paper Accounting software and its importance in modern business
Increase well. This paper is prepared to fulfill one of the assignments of the English
course.
In the process of compiling it, we realized that this paper is still far from
perfect. Therefore, we sincerely hope for constructive criticism and
suggestions so that this paper can be better in the future. Finally,
hopefully this paper can provide benefits and become a useful reference
for the community.
Contents
Foreword......................................................................................................2
CHAPTER I...................................................................................................5
Opener........................................................................................................5
CHAPTER II Discussion.................................................................................6
A. Accounting Software..........................................................................6
1. HashMicro Software........................................................................6
2. MYOB (Mind Your Own Business).....................................................7
3. XERO...............................................................................................8
4. Accurate Online..............................................................................8
5. SAP (System Application, and Product in Data Processing)............9
6. Microsoft Dynamics.........................................................................9
7. Mekari Journal...............................................................................10
8. QuickBooks...................................................................................11
9. ZOHO BOOKS................................................................................11
10. Wave Accounting.......................................................................11
11. FreshBooks................................................................................12
12. ZipBooks....................................................................................12
B. The Importance of Accounting Software For Business.......................13
CHAPTER II................................................................................................14
Cover.........................................................................................................14
A. Conclusion.......................................................................................14
Bibliography..............................................................................................15
CHAPTER I
Opener
Accounting software also know as financial accounting software is a computer appliaction
specifically designed to help companies and organizations manage and record their financial
transaction. It is software used to support accounting processes, financial reporting, and
financial control within a business entity.
Accounting software is a crucial tool in the modern business world because it enables
companies to manage their finances more efficiently accurutely, and in accordance with
applicable legal and tax requirements.
CHAPTER IIPintroduction
A. Accounting Software
Here are some accounting software:
1. HashMicro Software
HashMicro accounting tools are ISO/ICE 27001 certified trusted accounting tools
designed to optimize a company's financial processes efficiently and securely.
Companies can create financial reports in a structured and accurate manner with the
help of AI (Artificial Intelligence) and BI (Business Intelligence) in accordance with
the PSAK and DGT formats.
Here are some of the features of HashMicro:
1. Budget Management: Facilitates spending control and budgeting with dynamic
budgeting, increases financial transparency, and assists decision-making.
2. Invoice Management: Automate invoice creation, delivery, and tracking to ensure
on-time payments and improve cash flow.
3. Bank Integration & Auto Reconciliation: Facilitates automatic synchronization
and reconciliation between banks and software as well as e-banking output
support to reduce errors and save time.
4. 3-Way Matching: The three-way matching feature helps Automate PO matching,
invoices, and receipt of goods to prevent fraud and ensure transaction integrity.
5. Financial Ratio: Provides financial ratios for performance analysis, aids in more
informed decision-making, and opportunity identification
6. Multi-Level Analytical Reports: presents in-depth financial reports that support
data analysis and strategic decision-making, as well as improve financial control.
7. Great Integration with other systems: HashMicro software is fully integrated with
sales, accounting, MRP and MWS systems. This supports you to get advanced
tools that are complete and easy to customize as needed.
8. Multicurrency and Multipayment: allows transactions with a variety of payment
methods using multiple currencies without manual conversion and makes it easier
for businesses to operate globally.
9. Earning After Tax: Calculating after-tax profits by considering the company's
income and tax liabilities.
10. Tax Reporting, Tax Return and Tax Balance : Assist in the preparation of tax
reports automatically, including tax returns and balance sheets, in accordance with
applicable regulations.
11. Income Statement: Automatically compiles income statements including the
company's revenue, expenses, and net profit.
Excess Deficiency
User-friendly web view and dashboard Implementation times vary according
to business needs
Ease of customization according to This accounting app is more suitable
needs for medium-to-high-scale businesses
because of its comprehensive
features
Strong integration with other modules
such as CRM, inventory, procurement,
and other modules as per business
requirements
Has followed the standards of SAK and
PSAK Indonesia
ISO-verified data security
Can be operated online or offline
Optimal after-sales experience
2. MYOB (Mind Your Own Business)
MYOB is an Australian accounting software that is widely used by companies in Asia
Pacific. MYOB provides a variety of features that allow users to manage finances,
manage payroll, and generate financial reports accurately. MYOB also offers a cloud
version that allows users to access financial data anytime and anywhere.
Features of MYOB
1. Tax management
2. Payroll management
3. Inventory management
4. Financial statements
Excess Deficiency
Provides a wide range of features for Some features are limited when
the needs of small to medium-sized compared to other major
businesses. accounting software.
It is easy to integrate with other It can be expensive if used by large-
systems such as taxes and payroll. scale companies.
Friendly user interface.
3. XERO
Xero is a cloud-based accounting software that is in great demand by small and
medium-sized businesses. Xero makes it easy for users to manage accounts, track
transactions, manage inventory, and generate financial reports automatically. One of
the advantages of this sofrware is its ability to connect with various other business
applications.
XERO features:
1. Invoicing and quatation
2. Bank reconciliation
3. Production tracking
4. Inventory management
5. Financial reporting
Excess Deficiency
A cloud-based platform that allows its Having a monthly subscription fee
users to access from anywhere. can be a burden for small
businesses.
Easy-to-use features that integrate Some features are only accessible
with other apps. through the premium plan.
Presenting a variety of financial
statements that can be adjusted as
needed.
XERO accounting offers a starter package at a price of Rp. 435,000 per month.
4. Accurate Online
Accurate Online offers a cloud-based accounting solution with a range of advanced
features such as automated bank reconciliation, inventory management, and tax
integration. This software is perfect for companies that prioritize accuracy and
efficiency in the accounting process.
Accurate Features:
1. Inventory management
2. Multi-currency transaction logging
3. Asset management
4. Financial reporting
Excess Deficiency
In accordance with local policies and Requires customers to have a monthly
regulations. subscription to use the service.
Has an easy setup setup Does not provide integration services to
connect the system with other software
Cannot be customized for specific
business needs.
Accurate accounting offers starting prices starting from IDR 277,500 per month.
5. SAP (System Application, and Product in Data Processing)
SAP is a very well-known accounting software and is widely used by large companies
around the world. This software is equipped with various modules that can be
customized for various business needs, such as finance, logistics, and human
resources. The advantage of SAP is its ability to manage financial data at scale and
support integration between different departments within the company.
SAP Features:
1. General ledger
2. Accounts payable and receivable
3. Asset management
4. Budget management
5. Financial management
Excess Deficiency
Supports large data collection Relatively high licensing and
implementation costs.
Able to integrate various business Requires special training for users to
processes. be able to operate it optimally
It is globally accessible and used by
multinational corporations.
6. Microsoft Dynamics
Dynamics 365 Business Central is a cloud-based ERP solution that's perfect for small
to medium-sized enterprises. Business Central offers automation of financial
processes, from bookkeeping to financial reporting, ensuring data accuracy more
efficiently. Its main advantage is full integration with other Microsoft applications
such as Office 365 and Power BI, which helps speed up data-driven decision-making.
Features of Microsoft Dynamics :
1. Bookkeeping and transaction recording
2. Project management
3. Debt and receivables management
4. Bank reconciliation
5. Analytics and reporting
Excess Deficiency
Enables recording and management of Prices tend to be high, so they may not
diverse financial transactions be affordable for small businesses
Get easy with the microsoft ecosystem Requires training for less experienced
users
The price of Microsoft Dinamics 365 ERP varies depending on the module and the type
of license chosen. The average license fee per user ranges from IDR 1.5 million to IDR
2.5 million per month.
7. Mekari Journal
Jurnal is one of the popular accounting software in Indonesia that is suitable for SMEs
to large companies. Known for its user-friendly interface, Jurnal offers features such
as automatic bookkeeping, real-time financial reports, and tax integration. With cloud
support, you can access your data anywhere, anytime with no upfront installation fees.
Features of Mekari Jurnal :
1. Inventory management
2. Budget management
3. Invoice and invoice generation
4. Tax management
5. Prevention of hidden costs
Excess Deficiency
Designed to handle international Invoices are limited per month even for
transactions, with multi-currency the highest subscriptions
support
This accounting program is designed Year-based subscription, no monthly
with an easy-to-understand and plan available
intuitive user interface, making it
easier to manage the company's
finances
8. QuickBooks
QuickBooks is one of the most widely used accounting software in the world. In
Indonesia, QuickBooks offers various features such as revenue tracking, inventory
management, and integration with payment systems. This software is suitable for
small to medium-sized businesses. This accounting app offers a 30-day free trial, but
with limited features and doesn't fully support more complex businesses.
Excess Deficiency
Easy to use, even by beginners. More limited features for large
companies.
It can be used by small and medium- It doesn't have the same flexibility as
sized businesses at a more affordable ERP software for large enterprises.
cost.
Present clear and easy-to-understand
financial statements.
9. ZOHO BOOKS
Zoho Books is a cloud-based accounting software that can be used to manage
financial transactions, create invoices, manage inventory, and generate financial
reports automatically. This software is very suitable for use by small to medium-sized
businesses who need an efficient and cost-effective accounting solution.
Excess Deficiency
Affordable with competitive Less popular among large
subscription prices. companies.
Full features, including inventory More limited features when
management and automated invoicing. compared to more complex
accounting software.
Easy to access and use.
10. Wave Accounting
Wave is a free accounting software that is suitable for small businesses or freelancers.
Even though it's free, Wave has quite complete features such as bookkeeping,
invoicing, and financial reports. Its main advantages are ease of use and no monthly
fees.
Excess Deficiency
Free to use. It doesn't have advanced features like
premium accounting software.
Quite complete features for small Limited customer support.
businesses and freelancers.
It's easy to use and it's cloud-based.
11. FreshBooks
FreshBooks is a downloadable cloud-based accounting program to efficiently manage
business finances. They offer features such as financial reporting, invoicing, and
integration with other applications such as online payment software.
Excess Deficiency
Intuitive and easy to use Not dedicated to enterprise-level
enterprises
All plans include time tracking, plus Requires additional fees per month to
the ability to add billable hours add new team members
Limited customization capabilities
12. ZipBooks
ZipBooks is an easy-to-use trading company accounting software that allows you to
quickly create invoices and estimates, as well as accept credit card payments with a
single click. This financial reporting software instantly integrates billing information
into your books. In addition, ZipBooks accounting software will pull your transaction
and balance information, making the bookkeeping and reconciliation process easier
Excess Deficiency
Facilitate the company's financial Limited financial reporting features
performance
User-friendly web view and No notification of deposits coming
dashboard into the company's bank account
B. The Importance of Accounting Software For Business
Using accounting software helps businesses manage finances better, prevent manual
errors, and save time. Here are some reasons why accounting software is the right solution for
your business:
- Time efficiency: Automation of various financial processes such as bookkeeping and report
creation.
- Accuracy: Reduces the risk of miscalculations that can be detrimental to the business.
- Ease of access: With a cloud-based solution, financial data can be accessed anywhere and
anytime.
- Integrations: Many accounting software integrates with other modules such as HR, tax, and
inventory, making it easy to manage the overall business.
How to Choose the Right Accounting Software?
When choosing accounting software, there are several factors to consider:
1. Business needs: Consider the scale of the business and the features needed.
2. Budget: Adjust the choice to the company's budget.
3. Availability of local support: Choose software with good customer support in Indonesia.
4. Ease of use: Software with a simple interface will be easier for teams to adopt.
Choosing the right accounting software is essential to improve the efficiency of your
business. If you're looking for a flexible and integrated solution, Microsoft Dynamics 365
Business Central is the best choice. With full integration with Office 365, the platform offers
financial automation, real-time reporting, and customization as per business needs. The AI-
powered Copilot feature helps you generate insights and reports faster, making bookkeeping
and inventory management more effective.
CHAPTER II
Cover
A. Conclusion
Choosing the right accounting software depends heavily on the size and needs of your
company. For large companies with complex requirements, software like SAP or MYOB
may be the right choice. Meanwhile, for small and medium-sized businesses, software
like QuickBooks, Xero, or Zoho Books can be a more efficient and cost-effective
solution. With this accounting software, companies can more easily manage their
finances, minimize errors, and improve efficiency in their daily work.
Bibliography
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