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6 Factors for Choosing Your Accounting Software

By Sheldon Singh, 05.04.11 | Comments

Accounting software has become the core to any business. Gone are the days where people have to write down stock figures and payments in logbooks, and add it up manually, leaving room for human error.

Nowadays, time and money is everything.  Implementing accounting software once-off is one of the key ways of saving time, and in the process, also money. It also ensures accurate accounting, thereby minimising the possibility of costly accounting mistakes.

Software that can do this work for you is readily available, but there are a few things to consider before signing any agreement.

  1. First of all, every business is unique and varies, not only in size, but also in the way that it is structured, and in the products or services it offers. And this means that your needs in terms of software programs will also be unique. In order to ensure an ideal fit with the chosen software solution, it is vital to identify software that will address your businesses’ specific needs. Don’t just settle for the popular choice.
  2. Find a software company that can implement tailor made accounting software solutions – and not only tailor made in terms of the product, but also in terms of what you can afford to pay.
  3. Some businesses might have the need to focus on accurate stock control for example, while others need software that focuses on the distribution side of things.
  4. It is also possible to get software that combines all these needs while also including debtors and creditors.
  5. Before choosing accounting software, also ensure that the specific software will be able to run on your computer system.
  6. It should be quick and easy to implement, and of course ease of use needs to be a consideration. Staff training prior to implementation is vital. Find out if staff training and support following implementation will be part of the proposed package.

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