5 Steps to successfully selecting and implementing accounting software

1. SEEK PROFESSIONAL ADVICE

Learning exactly what software systems can and can't do is incredibly time consuming. Better to simply engage someone who has already invested all the time to learn themselves.

2. ENSURE YOUR ADVISOR HOLDS CERTIFICATIONS WITH NUMEROUS SOFTWARE PROVIDERS

If you get advise from someone who only knows one system, guess which system they will recommend??? You'll be better served getting advice from someone who knows a wide variety of systems and can provide you with an unbiased recommendation.

3. REVIEW YOUR BUSINESS REQUIREMENTS IN DEPTH

For example, simply stating you require payroll isn't enough. You need to be more detailed, you must consider the detailed functional requirements, such as multiple rates per employee in a single pay run, custom leave tracking, commissions etc.

4. THEN SELECT THE RIGHT SYSTEM AND ADD-ONS

Now for the easy part! You now have a full understanding of what your requirements are and what the different software systems can do. You are ready to choose the right system and where appropriate with the right add-ons.

5. SETUP BY PROFESSIONAL

Now that you've got the right system, make sure you are using it to it's full potential! This is a one-off process and will save you considerable time and money in the management of your businesses book from that moment on.