When you’re deciding what you really need to manage the books in your small business, it’s important to focus on your core business needs. So, there are some questions you need to ask yourself before you go ahead and make the purchase. Remember – the most expensive option isn’t necessarily the best.
While most accounting software will get the job done organizing your financial information, you don’t want to pay for features you don’t need or buy software your employees will reject.
There are lots of options out there, and what you should do is see how it stacks up against other popular choices. The best way to work out what people think of them is to visit review sites that compare all the options and provide customer reviews, such as:
It’s also a good idea to talk to anyone you know who’s using accounting software. Someone with hands-on experience is going to be in a good position to advise you on the most suitable option for your business. Your accountant would be an ideal person to ask.
There are some fundamental features any small business should consider when choosing accounting software. What you don’t want is an application that has a lot of loud bells and whistles but doesn’t do the job you want. You’re also not going to want to spend hours and hours learning how to use it, or find it too complicated – after all, the whole idea is to streamline your financial processes, not make them harder.
So, when you’re shopping around, keep the following in mind:
As mentioned above, don’t be seduced by a whole lot of flashy features you don’t need. All that’ll happen is you’ll wind up paying more for options that are redundant. Most retailers will offer different packages, ones that are specifically tailored to different kinds of business, such as Basic, Regular, and Premium. Look at each option carefully and don’t pay for more than you need.
The best way to experience any software is to get your hands on it, ideally for several weeks. While two accounting applications may have similar features, hands-on usage could reveal that one is easier to use than the other—or even easier on the eyes. So, when you’re weighing up your options, make sure that there are trial versions available for free (there almost always are) so that you can try before you buy.
Remember too, that properly-designed cloud-based accounting software is going to keep your financial records safe. Your data is stored on a highly secure server, so you don’t run the risk of losing it if your computer is stolen or compromised.