After a long time of using pen and paper or Excel, you decide to pick up accounting software for your business. But wait! What kind of accounting software are you choosing? How do you know it’s the right accounting software for you? Does it have the functions you want, or will you pick a software just because your friend recommends it? Or do you pick accounting software from Facebook ads without researching it?
Before you buy software, there are some things you need to check so the software actually fulfils your needs.
5 Things You Need To Check Before Buying Accounting Software
Choosing the right accounting software can be daunting and exciting, especially as a small business owner. However, there are several things you need to consider before purchasing one so you do not make the mistake of choosing the wrong software.
Take a look at the five things you need to check before buying accounting software below:
1. Types of Software
There are two types of accounting software: cloud-based and on-premise. Nowadays, businesses prefer cloud-based accounting software for easier data storage in the cloud. It is also easier to access anywhere with cloud-based software as you can retrieve the data anywhere and on any platform.
Read About the Differences Between Cloud-based and On-premise Accounting Software Here
2. Learning Curve
It might be easy for an accountant to navigate through accounting software since they are experienced with the formulas, but what about those who are not from an accounting background or have trouble navigating through software in general?
You would need to choose software that is easy to use and learn in a short time so anyone can use it. That way, you don’t need to pay extra to learn to account or actually hire an accountant.
3. Software Cost
Cost should be your priority before purchasing software.
You need to consider what form of payment is preferable for your business. Would you like to pay one time only for the software, or you’re willing to fork out some funds for a monthly or yearly subscription? It should also be worth noting that the pricing may be different depending on the payment plans.
Pay attention to any promotions or discount codes that you can grab before purchasing the accounting software. Some companies offer yearly subscriptions at discounted rates, enabling you to save more than you bargain for.
4. Software Features
Some businesses, especially small businesses, may not need all the features that are available in accounting software. You may only need certain software features for your business, so have a list of features you need ready.
Here are the common features of accounting software:
- Create & track invoices
- Integrate into bank accounts
- Inventory modules for stock tracking
- Customisable reports
5. Customer Support
There are times when you would need assistance navigating through the software when facing difficulties. So you’d need a software provider with good customer service.
Good customer service is not only available when you most need it, but they also need to provide clear and quality service to assist you in your difficult times. The support team needs to be experienced, patient and easy to reach.
Why Is It Important to Consider My Options?
It’s important to consider your options to ensure your software is aligned with your business. You might’ve picked the most advanced accounting software for your business because you thought the features will be useful one day. But if you’re just a small business that are starting out with small capital, those extra features will be useless and instead, your subscription are expensive for the features you have no use for.
But if you have thought this through and already decided for software, then you have a choice to make.
The Best Accounting Software For Your Business
Affordable cloud-based accounting software with features that your business needs? Sounds like you need to contact Info-Tech about it! We offer affordable prices for businesses to purchase accounting software. Our software is equipped with the features you need such as creating & send invoices, bills and purchase orders and you can save them in Info-Tech’s cloud!
Our customer support is always available 24/7, whether a phone call away or by email. All you have to do is to head over to our website and enquire us about the accounting software. Or, if you’re still considering, try out our free demo to feel our software!