Tips to choose software for accounting
A business can indeed be run if it makes a sale and makes a profit. But business is not just a process of making money. Business also talks about the management and management of these revenue sources in order to produce sustainability.
It looks simple, but it requires a complex accounting process. There are at least 11 stages of accounting that must be carried out in each transaction with data that is not simple. There is a process of analysis, the process of recording and making a trial balance, and making other financial statements. Of course this will be difficult and time consuming. Not to mention that high accuracy is needed, because calculation errors can spread to the next business strategy.
As a solution, online accounting software is now available with many conveniences from simple processes to complete and satisfying results. Not just a matter of profit, accounting software also functions to manage debts and receivables, ledgers, invoices, stock items, company assets, and so on.
Until now, accounting software is crucial for any type of business. Because the making of various financial statements can be done instantly. Today many vendors are popping up with various software packages that are ready to use. Therefore companies must be more careful in choosing what is needed to get the best. Do not let the software purchased even lead to regret. The purchase cost is already large, but the software does not suit your wants and business needs. In order not to get stuck with the wrong accounting software, you can follow the following tips.
1. Choose Software with Full Features
The needs of each company for accounting software are certainly different, be it a small, medium to large scale company. Starting from simple calculations to very complex.
Mandatory Features that Accounting Software Must Have
Complete financial reports Complete Financial Reports
starting from the balance sheet, profit and loss, changes in capital, cash flow, and so on. Free invoice journalInvoicing
create invoices, send and make recurring or scheduled invoices.
Automatic tax calculation in the journal Tax Calculation
record transactions and taxes that will be charged, such as PPh 23, PPh 4 (2), and so on. stock of goods in the Stock Goods journal
monitor and manage the stock of goods, to remind when the stock will soon run out.
Cloud based journal Cloud Based
which helps monitor financial reports in real-time and accurately. manage company assets in the journal Company Assets
record assets and calculate depreciation of company assets.
automatic reconciliation in the Automatic Reconciliation Journal
No need to manually synchronize business and bank transactions. manage costs and expenses in the journal Cost Management
help control spending and make a financial budget.
Sales process with Journal of Sales Process
help the sales process from bidding, ordering, billing, to shipping goods.
2. Customize As You Wish
Average accounting software does have a variety of features that are fairly complete. Of course the price is adjusted, and it’s quite expensive. Though not all features will be suitable for use in your business. Different types of businesses require different features. Don’t compare accounting software in service companies with manufacturing companies, and so on. However, do not also buy software that is very cheap. Because completeness is not guaranteed and does not accommodate overall business needs. Choose accounting software that really can be customized according to your business.
3. Integrated system
Integration helps you to connect the accounting software used with other related applications. Integration will combine many business functions into one system so that the management process is simpler and easier. In addition, of course there are still other benefits that can be obtained, including:
Advantages of Choosing Integrated Software
4. Data Security
Financial data is the most crucial information that controls all the company’s financial activities and is an easy target for hackers. Violations involving financial data make a very serious impact. The disadvantage is not kidding. It will not only damage your reputation, lose the parties you work with but also allow them to take legal action against you. That is why accounting software with the best and guaranteed data security is the priority choice.