Choosing the Right Accounting Package for Your Company (Part 6 of 6)

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In previous articles of our blog series on Choosing the Right Accounting Package for Your Company we covered:

Part 1 Questions to ask before choosing the package

Part 2 Why use an accounting package

Part 3 How much are you willing to pay for an accounting package and what type

Part 4 What features does your business require in an accounting package

Part 5 How data is stored

Today we will discuss:

How to decide on a package after considering points 1-4

It’s a good idea to shop around for advice. Consider seeking advice from a Chartered Accountant who understands your business and the capabilities of different software packages. Most accountants can advise businesses on what software to choose, but some accountant will be more experienced than others.

Good accounting packages can reduce the reliance you place on your own accountant, so ensure that the advice you get Read more

Posted on October 13, 2016 by Colin O'Brien

Choosing the Right Accounting Package for Your Company (Part 5 of 6)

accounting software

In previous articles of our blog series on Choosing the Right Accounting Package for Your Company we covered:

Part 1 Questions to ask before choosing the package

Part 2 Why use an accounting package

Part 3 How much are you willing to pay for an accounting package and what type

Part 4 What features does your business require in an accounting package

Today we will consider the question:

How data is stored

You will need to investigate how the accounting package handles sales and purchase transactions:
a) What level of detail can you input on a particular customer/supplier, and how flexible is the accounting packages drill down ability
b) Can you categorise different items according to cost centre or department
c) Can you define how your accounts are allocated or are you limited to Read more

Posted on October 4, 2016 by Colin O'Brien

Choosing the Right Accounting Package for Your Company (Part 4 of 6)

accounting software

In previous articles of our blog series on Choosing the Right Accounting Package for Your Company we covered:

Part 1 Questions to ask before choosing the package

Part 2 Why use an accounting package

Part 3 How much are you willing to pay for an accounting package and what type

Today we will consider the question:

What features does your business require in an accounting package

Before focusing in on one specific package, you need to consider what your business objectives are:

1.  Are you aiming to grow your business significantly over the next 5 years, are you limiting yourself now, by choosing an accounting package that may not be able to handle the volume of transactions 5 years down the line.
2. What employees within your firm are going to use the new accounting package. What would they like to see built in to the system that could better streamline their workplace productivity
3. What information to you wish to ascertain from the accounting package that would be deemed crucial to the daily/weekly operation of your business.
4. Does your business have unique requirements that an off the shelf accounting package may not be able to handle. Talk to your potential software providers about tailoring add-on packages unique to your business, that would enhance or automate your company’s sales or stock management etc.

What questions do you have?

We are happy to help. Please post your comment below or contact Colin O’Brien on 01 677 9000 or info@cooneycarey.ie.

If this article helped you, please share it with other businesses.

Posted on August 23, 2016 by Colin O'Brien

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