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Even the most basic accounting software can improve the efficiency of a small business. For one thing the back office is taken care of, and you can focus on your primary objective: your business.
As most small businesses have very basic accounting needs, the accounting software does not have to be sophisticated. The main improvement software engenders in the running of a small business is time efficiency.
However, some small businesses can benefit from more advanced accounting processes, such as job costing, fixed asset management, and advanced inventories.