Accounting Spreadsheets and Calculators Key Terms
Some key terms for accounting spreadsheets, calculators and other software toolsFor a business of any size where documentation is a key part of daily operations, accounting spreadsheets and calculators are indispensable. Businesses can use these kinds of tools to provide estimates on projected tax debts, correct payroll withholding and so much more. Accounting tools give a business a "road map" for the future. Knowing about some basic key terms around these resources will help a business find what's best for the office to keep track of all revenues, expenditures and cash amounts.
Free accounting softwareFree accounting software is part of what's called "freeware" - software available for free download. Some free accounting programs can be very helpful in using spreadsheets and related tools.
Balance sheet calculatorOne kind of accounting calculator that is popular is a balance sheet calculator. A balance sheet calculator helps a business with the critical task of managing a balance sheet, which is a tally of various financial numbers aimed at figuring out net profits.
Payroll calculatorsPayroll calculators help businesses do critical accounting tasks related to payroll. This can have a very positive impact on a business, as by optimizing payroll, a company can help both the employees and the employer at the same time.
Web-based softwareWeb-based software is quickly becoming a popular choice for accounting tools and programs. Web-based software is software that businesses can "order" over the Web. Buyers don't have to unpack, install and register the software - they just use it.
Open sourceOpen source is another "way of the future" alternative for software, including spreadsheets, accounting modules and anything else a business might use. Open-source software is software that is freely available because its code is visible to users. In past years, businesses were wary of dealing with open source, although now some are rethinking paying steep fees for other "mainstream" solutions.
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