An integrated accounting system is accounting software that consists of a single ledger that holds both cost and financial information in the same book.
Typically integrated accounting systems feature a single ledger, as opposed to two. For example, Sage Accounting comes seamlessly integrated with Stripe payments, keeping costs and financials in the same platform.
An integrated accounting system consists of a single set of ledgers, combining financial and cost data into a single accounting platform. This simplifies the accounting processes and interface, and allows for easy automation. Sage Accounting is an example of an integrated accounting system.
To integrate accounting systems for small businesses, you'll need an integrated accounting software, like Sage Accounting, to work with.
Integrated accounting systems use a single ledger to handle both costs and financial data from the same book, whereas interlocking accounting systems consist of two separate ledgers for costs and financials. Sage Accounting is a powerful integrated accounting solution for small businesses.