Running a business in this digital era and managing your accounting system manually are two uncorrelated activities you can’t combine and expect the best.
As more businesses and customers become connected on a real-time to carry out transactions you cannot at the same time, afford to omit a sale, purchase or bank transactions in your book and expect to take a timely decision.
If you are a small and medium sized businesses looking for the best accounting software, here are key factors to look at before buying one.
Check Out: Sage Pastel & QuickBooks Software
- Are you a new or existing business?
- Do you have opening balances to set-up – account receivables, account payables, VAT payables, inventory on hand and value, bank balances and cash in hand, fixed asset balances, other current assets, and liabilities.
- Can you afford the cost of running on the cloud?
- Do you run multiple or single location business?
- What industry is your business classified under?
- Do you withhold tax from vendors?
- etc
These are basic questions that will help you compare and select the best accounting software for your business.
You can connect us for a guide on the best accounting software for your business.