Custom Accounting System

A centralized accounting system is fundamental to any business operation. Each company has a unique blend of financial and bookkeeping needs including payroll, accounts payable, and accounts receivable. Web-based accounting systems are designed to house these functions in one central online location.

MBD creates custom Web-based accounting systems to meet the needs of our clients. These applications allow our clients to streamline their financial and accounting data which reduces errors while simultaneously increasing staff efficiency. MBD is able to strategize and determine if a client needs an intricate reconstruction of their accounting system, a simple change of software, or something in-between.

The Development Process

Prior to developing a custom accounting application, we assess your unique accounting requirements and your current accounting system if applicable. Following this assessment, we create a blueprint for the development of your application that incorporates your specific business needs. This assessment is invaluable and vital to the success of your application since accounting needs differ widely from business to business. Depending on your requirements and business needs, the following may be performed:

• Determine whether data transfer from current system is necessary
• Choose whether to enter data with detailed information or an outlined version
• Set a standard procedure for record keeping, services offered, customers and vendors
• Input specific information for accounts receivable and accounts payable
• Create a payroll portion to execute payroll easily and keep track of taxes
• Enter YTD payroll history for employees and various company accounts
• Organize bank statements and overdue payments
• Customize reports to create useful spreadsheets
  

Advantages

Each company has unique business practices and accounting software demands. MBD is able to assess these characteristics, and determine which accounting applications will be the most beneficial for that particular company. Below are the advantages of using MBD's custom accounting software:

• Increase the ability to retrieve essential information rapidly
• Increase protection from security breaches
• Electronic archiving for easy access and paperless data management
• Improve and redesign invoices, statements, spreadsheets, and reports
• Analysis of quarterly budgets
• Guaranteed  accuracy of information stored
• Payroll tax preparation
• Form 941 and deposits
• State withholding
• Department of employment and training or SUTA
• Form 940
• W-2/W-3
• 1099-Misc

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