In an IT and software businesses, rapid sales growth and increasing activities brings pressures to the finance team: more accounting complexity, less time to adapt to changes and additional reporting requirements. Accounting software in this industry lessens your load by automating even the most complex financial processes. It adapts to your unique business needs, even as those needs change and lets you track your financial position on a real time.
In looking for the right accounting solution, here are salient points to keep a close watch on:
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Request For Our Accounting Software ServiceFor over 5 years, I have implemented QuickBooks for more than 152 companies under Retail, Manufacturing, Oil & Gas, Real Estate & Construction, Travels, Hospitality, Corperatives, NGOs, Financial & Service Sectors.
- Mbaire Services Nigeria Ltd(Construction)
- Future Assured(NGO)
- Doheney HR Services(HR)
- Biddel Oil & Gas Limited (Oil & Gas)
- System Intelligenz Limited(Contractor)
- MagTech Information Security (IT)
- Infusion Cakes Nigeria (Bakery)
- Landmark Centre (Event Centre)
- Mountain Ice Travel & Tour (Travels)
- BTS System (Service)
- Logos Travel Support & Solutions Ltd (Travels)
- Germaine Auto Centre (Autos)
- BD Consult (PR)
- Starlight Nigeria (Retail)
- Temple Private School (Education)
- C. Charles Resources Limited (IT consulting)
- Adeniyi Coker Consultants Limited (Real estate and construction)
- The Nigerian Economic Summit Group (NGO)
- Value Mart Supermarket (Retail)
- Transweb Bureau De Change (Financial Service)
- Wakanow Travels (Travels)
- Vektro Food Limited (Manufacturing & Retails)
- Orient Petroleum PLC (Oil & Gas)
- Plus More
- Confirm that the software can track all revenue channels: from system & equipment sales to professional services rendered.
- Confirm that the solution can track all quotations sent to clients and generate sales conversion report (compare leads and sales).
- Confirm that the system can track all clients account details including account receivable balances and progress payment.
- Confirm that the software can track all suppliers account details and account payable balances
- Confirm that software can track all expenses incurred for a specified period (including office expenses)
- Confirm that the software can track your profit or loss position including previous year comparison report.
- Confirm that the solution can track your bank transactions, and reconcile any difference at the end of the month
- Confirm that the system can track all cash received from clients and withholding tax.
- Confirm that the solution can track all VAT deductions and help you record all payments to relevant tax authorities.
- Confirm that the system can work effectively in a multi-user environment.
While these are some the basic salient points you should confirm before installing an accounting software, you can connect with our support centre for implementation.
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