Accounting & Bookkeeping

Benefits of an Integrated Accounting System

Written by Analytix Editorial Team | April 18, 2018

Integrated small business accounting systems can change the way a business works, in terms of both growth and profitability.

What does integration do?

Integration works by bringing together different software applications so that they are working seamlessly without the need for additional, expensive manual manipulation or software.

An integrated accounting system is one where a business’s accounting system is integrated with other software, including third-party software, such as that used to operate and manage an E-Commerce store, billing and invoicing software, applications that track time management, etc.

Here are some additional benefits of integrating:

  • Review All Transactions Easily

Linking accounts receivables and accounts payables is a significant step towards ensuring higher visibility of transactions on both the customer and vendor side. Thus, critical records like invoices, payment receipts, sales estimates and other data can be viewed to access information about overdue payments, payment history for a particular customer, etc.

  • Ensure More Reliable Data Entry

Integration also means all your customer or vendor records and data will be more reliable as a result of eliminating duplicate and incomplete entries.

Data entry is a time and attention-intensive task. When included in accounting integration, challenges such as double entries or repeat entries can be reduced and entirely eliminated. Furthermore, duplicate entries across different software may be identified and eliminated or integrated into single entries to avoid confusion with the use of integrated accounting system.

  • Streamline Operations, Enhance Business Productivity

Businesses can increase measurable productivity through integration simply by eliminating time-consuming tasks safely. Thus, manual and attention-heavy data entry which would still result in human errors and duplication can be safely eliminated. Integration helps ensure reliable records which can then be utilized for other purposes such as tax filing.  Additionally, it frees up valuable time for human resources. This freed up time can then be utilized for business development or other business-building activities.

Free Accounting System Analysis

  • Speed Up Decision-Making

As information is available more easily and the interface becomes easier to access and operate, business decisions can be made in real time. Whether it is about analyzing historical customer payments or a vendor’s supply history, evaluating invoices and bills becomes easier on a single interface.

Bringing It All Together

For accounting integration to work and provide businesses with the results expected, it is important to get it right. Getting it right will also save the business money and time that would otherwise be spent in ensuring that all accounting functions are carried out correctly. The trick to getting integration right is to choose a supplier with relevant experience and expertise in outsourced accounting services. This allows a business all the benefits of integration as well as outsourcing benefits:

  • Eliminating the hassle of performing the integration in-house
  • Reducing the costs while ensuring the integration helps streamline management of business cash flow
  • Eliminating the hassle and cost of looking for, hiring, and training skilled manpower resources

While those listed above are simply  representative of how much effort in-house integration may require, it is no secret that finding reliable outsourced support for accounting services can help a business save money, as well as recover the costs of outsourcing.

At Analytix Solutions, we offer customized solutions for startup companies ranging from accounting and bookkeeping to more complex requirements. For more information on how we can assist your startup in preparing for year end, call us at 781-503-9002 or email us at

Written by

Analytix Editorial Team
Analytix Editorial Team

Recent News

News & Events

Analytix Solutions at BKX 2024: The Premier Event for Bookke...

June 6, 2024  

News & Events

Analytix Solutions Exhibits at Scaling New Heights Conferenc...

May 23, 2024  

News & Events

Essential Business and Accounting Practices for Success in t...

May 10, 2024  

Stay in the Loop

    cpa guide book

    Accounting Department of The Future

    Trends Influencing How Small to Mid-Sized Business
    Accounting Departments Operate.

    Download Now