Managing different financial statements and documents can be very time consuming. A good PDF extraction product will solve this problem. One of the most interesting abilities of quality converter is to perform something called OCR conversions. OCR stands for optical character recognition. This is a very nice tool that gives a business the ability to take a scanned piece of paper and put it into an editable MS office document. The ability to have this many options of transferring and editing important financial statement, memos, and other highly used documents is valuable.
Every small business needs to keep records of sales invoices and income received and purchase invoices in respect of expenses. It is not sufficient for accounting and taxation purposes for these receipts and payments to be left in the office or the back of a van in a carrier bag. At some stage these prime bookkeeping documents need to be processed. Processing the financial documents related to a business enterprise basically means they need to be listed. For taxation and financial control purposes the invoices also need to be added up and analyzed. The most basic method would be to simply make a list of the sales income and a second list of the purchase expenses. Using a manual method of listing the information falls short of the analysis required and is more time consuming that using a little technology to both ensure the summation is accurate and the analysis simplified. Listing the sales and expenses of a small business on spreadsheets is no more difficult then a manual paper system and has tremendous advantages in automating and ensuring accuracy.