Video from our FREE Online Business Course www.myownbusiness.org Session 3 – Computer & Communication Tools Question “Do you recommend business owners use accounting software and why?” Ken Blake Certified Public Accountant (CPA) Topics covered in this video: Small business accounting, accounting software, accountants Transcript: Most business owners will realize some definite advantages if they get a software program to handle their accounting. The main purpose with accounting software is that it allows the easy production of reports verses having to sit down with manual records and trying to put together your reports. So there is not a lot of time saving when you use the accounting programs except when you get to the report level and that’s where the value comes in. As far as the type of program, what I always recommend is that people talk to their accountant before they jump into a program. It’s so easy to buy something off the shelf and then realize after getting back to the place of business that it might not be for the company. If you have an accountant that’s familiar with your business, there is a lot of software out there that especially designed for certain industries. So if your accountant deals in your industry, he can put you in touch with the software that would be specific for your company. This will allow you to bypass a lot of the set-up time and go right into some relevant accounting helped by the accountant who is familiar with the software. Even if your …
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Great video for those considering accounting software. After accounting software, many small businesses many need to consider inventory or ERP software. Although that depends on if they are manufacturing or holding inventory or not.
thanks!
Hey #UN#, your video has good content, but I am not sure I totally agree with it…
BEST PRACTICES TO CHOOSE THE BEST ACCOUNTING SOFTWARE
Accounting software selection starts with the detail study of current business practices, followed by gap analysis, requirements definition, ranking of the requirements, preparation of detailed request for proposal, evaluation and short listing of the vendors on the defined criteria, performance of the cost and benefit analysis and finally selection of the best accounting software.
for full article : tutoraccounts.blogspot.com
great