OTTAWA, Ontario, Aug. 21, 2012 /PRNewswire/ -- No business owner or manager should be doing the accounting -- unless he or she is actually an accountant, says OfficeBook Inc., the company behind the small business management solution OfficeBooks™. By hiring a professional accountant, advised OfficeBook Founder and President John Hunter, a smaller company can save itself headaches and money in the long run.
"Small business owners need to focus on their strengths and growing their business. It is very unlikely that focusing on accounting is a good use of an entrepreneur's time," Hunter states. "While larger companies typically have in-house accounting staff, we find that managers and owners of small and mid-sized businesses are much more likely to be mired in the details of do-it-yourself tax accounting software such as Intuit Quickbooks, Sage AccPac or Microsoft Dynamics. These are big hairy, complex programs and when you consider the time and energy business owners put into doing their own accounting and the savings and tax advantages they miss because they simply aren't accountants, the do-it-yourself path is hurting their business performance."
Unfortunately, taxes are a fact of life for businesses of all sizes. For business owners who still want to keep an eye on their accounting and get ready for tax time, OfficeBook Inc. has rolled out Tax Time Ready Accounting. The newest addition to OfficeBooks, Tax Time Ready Accounting is cloud-based and fully secure. The simple, single-entry accounting system is designed to allow business owners and managers see the data they need to run their businesses and capture the data their accountants will need at tax time.
That's the key difference between Tax Time Ready Accounting and do-it-yourself tax and accounting programs: During the normal course of running a business using OfficeBooks, the system automatically posts one-sided entries to a business's profit-and-loss statement. When tax time rolls around, the data is all ready to present to the accountant.
Hunter's advice to business owners and managers is to "email your data to the professionals and let them work their magic."
With the addition of Tax Time Ready Accounting, OfficeBooks becomes an all-in-one business management application. In addition to the accounting function, OfficeBooks features contact management, sales order generation and management, purchasing, inventory control and work order management. The system requires no customization, as the OfficeBooks team regularly updates the inexpensive, cloud-based solution based on user requests and feedback. Tax Time Ready Accounting itself is a user-requested function.
"We have deliberately kept Tax Time Ready Accounting simple," Hunter explained. "Virtually any business owner can easily use it from day one. By implementing Tax Time Ready Accounting now, small and mid-sized businesses can be ahead of the game for the upcoming tax season."
About OfficeBook Inc.
OfficeBook Inc. began as part of LightMachinery Inc., a leading manufacturer of high-power laser systems and precision optics. In 2008, the company became a standalone entity dedicated to business management software and systems. Headquartered in Ottawa, Ontario, OfficeBook Inc. is led by a core team of manufacturing veterans. The company's flagship product, OfficeBooks, is the first cloud-based, comprehensive business management solution created for manufacturing businesses. Learn more at http://www.officebooks.com.
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SOURCE OfficeBook Inc.