Selecting an accounting software for a business is the most critical step towards a transparent account and of course a better business.
Do enough research before purchasing their accounting system. In fact, in most of the cases, they aren’t much aware of what exactly they should ask about an accounting software. If you don’t want to do the same mistake, here are some guidelines for you.
Buying software based on features alone
When you buy software on features alone you may fail to notice other serious factors such as:
Scalability – Software’s ability to grow with your company.
Flexibility – Ability to meet your changing needs, rather than you having to conform to the software.
Access Complexity – The software is too complex and cumbersome for you to effectively implement and manage.
Technology Fit – You don’t have the technical complexity to use and manage the software.
Cost – The total cost of possession is more than you can afford.
Support – Insufficient support resources exist where and when you need them.
No Taxation and Localisation
Sometimes, business owners get too excited about the wide list of features in an accounting software that when they jump into a purchase, they later realize that it was a big mistake because taxation and localization are not available in the software!
If you’ve tried filing GST reports or import duties manually, you’ll understand that it takes lots of time. You may even miss out on reporting some of the taxes, which can seriously mess up your accounts. So always check if the accounting software you’re purchasing supports at least the taxation of the country your business is operating in.
Buying software that is too complex
Many companies who were so focused on the full functionality of the software that they found themselves with a product that was too complex for their situation. Their users adopted workarounds and Excel spreadsheets, which defeated the purpose of an integrated solution. The results were wasted money, unused software potential, and difficulty using the system.
We at User Basic Software and our team of experts will help you make the right choice.