Why do you need an accounting software for your business?
If you’re coming from a manual system (not even using any spreadsheet), then you have all the reason to switch to a program or system-based accounting. Even if you say we only have a few transactions a month. If you’re coming from a spreadsheet set-up (which some people that we have spoken to in the past refer to as their accounting system), then you still have the reason to switch. An accounting software system has the following answers:
- Standardization: Costly errors in spreadsheets result from the failure to use a single, standardized, easy-to-use estimating solution. Accounting systems save your company considerable time and money in two important ways. First, it provides estimators access to the same, automatically updated centralized cost resource database. Second, it uses the same simplified, formalized process to produce bids with as little or as much detail as needed.
- Accuracy and Efficiency: Producing reports that are accurate and timely can directly impact your bottom line. Accounting systems remove the worry associated with spreadsheets by providing a simplified, bulletproof framework and built-in calculations for you.
- Flexibility: Accounting systems are infinitely scalable, allowing everyone to use the same system, no matter how large or small the job. This translates to a faster, more pronounced return on investment
- Management Information: Through accounting systems’ extensive onscreen analysis and reporting capabilities, you’ll have access to whatever summary or detail you need.
The only thing that can mess up in an accounting systems are erroneous entries. You don’t really blame the software on this but the processes or the users themselves. The basic principle in computing still applies, “garbage in, garbage out”.
When you’re looking for an accounting system, you’ll probably start thinking of words or phrases to give Google and open up several tabs. Key words and phrases may be:accounting system accounting software accounting system Philippines accounting software Philippines VAT accounting software VAT accounting system inventory accounting system inventory accounting software etc.
Guess what? You’ll get that grey message “About 130,000,000 results (0.29 seconds)” perhaps on one key word or key phrase. Just looking at the number of the links may already intimidate you.Of course, you will still have to find out how the many pieces of software will perhaps fit into your requirements.
That’s why at Digital Steer we prevent you from going through these scenario. We just go through a business process review (which we did with a lot of our clients) to understand the requirement and we fast track your software search.
By the way, we have not limited ourselves to accounting software alone. Ask us about your requirements on CRM, project management, payroll, online store, etc. In all probability we can help you!
Learn more about accounting software selection.
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