WAYS TO DETERMINE THEBEST ACCOUNTINGSOFTWARE

B Y P A U L M A R T I N

C H A R T E R E D A C C O U N T A N T L I M I T E D

IT IS A REVOLUTIONARY WAY TOEFFICIENTLY MANAGE YOURBUSINESS, AND EVEN PERSONAL,FINANCIAL TRANSACTIONS.

C L O U D A C C O U N T I N G

HOW TO YOUCHOOSE THE BESTSOFTWARE?With the many cloud accounting products out

there, it can be challenging to decide which is

the best tool to assist your business financial

management.

BEST SOFTWARE FOR YOUC L O U D A C C O U N T I N G

So whether you are a small or medium enterprise, or

a big business, or a professional, here are some

questions that you need to consider when finding the

best cloud accounting software for you.

1. WHAT AREYOURACCOUNTINGNEEDS?If you are a small enterprise, chances are,

you'll only need simple accounting processes

and services. On the other hand, if you are a

big business, you will have more complex

business processes that need comprehensive

accounting assistance.

2. WHAT DO YOUKNOW ABOUTACCOUNTINGPROCESSES?Know your skills and capabilities. If you plan

to be hands-on with your business

accounting tasks, you need to have a wide

understanding of finance and accounting

processes.

3. WHAT IS YOURBUDGET?Cloud accounting software is not free. It is

very cost-efficient however considering the

benefits that it can give to your business. So

it is important to allot enough budget for it.

Cloud accounting tools on the market vary in

price. The more generic ones are available at

a lower rate while the more specialised tools

are more expensive.

4. WHAT ADD ONSWOULD YOU LIKETO INCLUDE?All accounting software comes with different

add ons that could further maximise your use

of the tool. So once you figure out what kind

of accounting tool you want for your

business, be mindful of the add ons that you

may need. Add ons are not free. Make sure to

pick the right ones for your business and allot

appropriate budget for it.

LASTLYE N D N O T E

These are just some of the questions that you need to ask

yourself before deciding what cloud accounting software to

use. But if you can't answer these questions, or are lost on

which to software to choose, you should talk to an expert like

your chartered accountant for recommendations.

WE CAN HELP!We have knowledge and experience using different cloud

accounting products. You can talk to us about the right

software to use for your business and assist you to set it up

properly.

CONTACT US AT (09) 576 4166

VISIT OUR WEBSITE AT www.pmartinca.com