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For every future forward-thinking business, accounting software is the option for bookkeeping and accounting needs. It is the ultimate solution for business financial management and most especially if you are a novice when it comes to accounting.
Certainly, you don't need an accounting degree to avoid mismanagement of your business finances. Accounting software is one solution businesses are using.
QuickBooks Online is a US-designed solution known by several businesses as it is always recommended by accountants.
The question then is, as a business in Africa, are there better alternatives to Quickbooks?
Or is Quickbooks the best option for your business?
We will be answering this question in this post.
But, let's get to the basis of what makes accounting software a unique solution for business financial management.
What Is Cloud Accounting?
Cloud accounting is an accounting solution or system that allows businesses to have multi-user access and safe online storage for their business data. This solution allows businesses to key data from their locations, streamlining business processes and making financial reporting easier.
Simply put, you securely store your business finance in cloud services to get them back processed and ready for use.
This eliminates the need for desktops or having each person in your team waiting to access one gadget to access the business financial data.
Pro tip: Cloud accounting is different from traditional accounting software. In cloud accounting, you and your team can remotely access your information from anywhere. Also, it allows multi-user at the same time. Traditional accounting software on the other hand can only be hosted on your hard drive, limiting access to one user at a time
Introducing TymsBook, A Quickbooks Alternative in Africa
Tyms Book is an accounting software that helps you achieve a seamless system for your business records. You make payments, multi-bank, track your bills, and generate financial reports in one click with our one-stop, smart and easy-to-use accounting software. With Tym's book, digital business finance management is guaranteed.
As an African accounting solution, it takes into cognizance the uniqueness of the African business ecosystem.
Providing solutions to businesses that are peculiar to the African market— what a foreign brand will not put into consideration.
QuickBooks Best Alternative in Africa—Tyms Book
Here are some of the reasons for an African Quickbooks alternative:
QuickBooks is expensive:
With an alternative as low as $3, a service of $27 should be considered way expensive. With Tyms Book, you will be saving up a whopping $24. That's so much money for you to consider an alternative.
Most businesses in Africa fall into the category of small and medium enterprises.
The cost of Quickbooks is not within the range of their running costs.
Unlimited users at no additional cost per user:
With Tyms Book, you can access unlimited users at no additional cost per user. With Quickbooks, this is not accessible.
No Hidden Pricing:
Our pricing is simple and transparent. The features you see before you pay are what you access after you pay. There are no hidden charges. $3 is $3, no hidden charges are attached after you pay.
Still, wondering if there is better accounting software out there as an alternative to Quickbooks in Africa.
Here is the difference, see for yourself!
Tyms Book Versus QuickBooks
This comparison was made between Tyms Book affordable plan and QuickBooks Plus(Advanced plan)
Tyms Book Affordable Plan features that are not available on QuickBooks Plus
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Inventory tracking barcodes
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100 customers and vendors.
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Mobile, web and bot access.
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Scheduled report notification.
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Data import and export
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1GB file storage
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API integration and store plugins
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2 payment gateways
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100 products online store .tyms.shop
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App integrations e.g QuickBooks
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5 AI monthly credits e.g receipt scan
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Get a business bank account
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1 inbound custom email address
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10 employees' payroll integration
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Insight Reporting.
QuickBooks Plus Plan Features On TymsBook
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Insight Reporting
You get all these amazing features by just subscribing to the Tyms Book cheap plan which is not obtainable with an advanced plan of Quickbooks.
Bottom Line
With Tyms book, every kind of business is catered for. From small retail businesses to solopreneurs, to SMEs and startups.
The goal is to have the African business achieve seamless and simplified business financial management.
Do you also want to see how Tyms Book compares to other accounting software?
Read it here.https://tyms.africa/blog/best-accounting-software-for-small-businesses-in-2023-tyms-book