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.
You are able to take tabular data, including numerical data, that is stuck within an editable PDF and convert it into an Excel spreadsheet. This makes it easy to use the vast tools that your Excel program offers to perform any type of analysis you want to do without re-copying data yourself. Another great benefit is giving accountants the ability to retain all format, graphs, and pictures that were in the PDF. This makes for a clean and fast conversion, interpretation, and creation back into a PDF without any format issues.