There’s no reason why any business, big or small, should have an outdated manual recordkeeping system. Technology can eliminate a lot of the tediousness, time and human error that goes along with financial administration.
Accounting software companies are increasingly targeting the small business owner with solutions specifically catered to help simplify and speed up the financial management process. Choosing an accounting software provider should be done with careful consideration as not all providers offer the same functionality and ease of use.
Here are some of the essential aspects you need to consider when choosing accounting software for your small business:
Accuracy is paramount
It should go without saying that accuracy is one of the main reasons why you are investing in accounting software in the first place. What’s the point of forking out money for a service while you still have to double check every single entry in the system? Accounting software should do the thinking for you by automating the calculations and formulas – it should be your in-house bookkeeper. It has to be accurate to eliminate any human error, such as making a possible double entry or miscalculating figures.
All your information has to be safe and secure
It’s all good and well to have accurate accounting software but the financial data – the lifeblood of your small business – needs to be stored safely. That’s why it’s wise to opt for online accounting software. While there is still some hesitance toward placing your crucial information in the hands of a third party provider, the truth is that they are better equipped to protect and recover data than you are. Laptops, hard drives and physical folders are vulnerable to theft, hardware damage and human error. With online accounting software all your crucial data backed up on physical servers and protected with an encrypted password.
Financial data should be easily accessible
If you choose to opt for an online accounting software system, you have access to all of your financial data from anywhere at any time. All you need is an internet connection and your password.Online accounting software should also enable you to provide easy, select and secure access to the relevant people within and outside of your business who assist with your admin and recordkeeping, including your accountant.
You need a one-stop-shop to satisfy all your accounting needs
When choosing accounting software for your small business, you need to look at the finer details of what the provider is offering. You want software that covers all the bases of financial administration and simplifies the bookkeeping process. Look for accounting software that helps you to keep track of your contacts, helps you to easily create quotes, convert them into invoices and manages payroll. Furthermore, the software should be easy-to-use so that you don’t need any accounting expertise to operate it.
A broad spectrum of support is essential
Dealing with financial management can be a challenging task so you need all the help you can get. That’s why it’s essential that you go for accounting software that has comprehensive support options– more than just a basic helpline. You need a solutions-driven support system with various channels at your disposal no matter what time of day you get stuck.
If you are looking for online accounting software that has all of the abovementioned features and more, SMEasy is the perfect match for your small business. You need no accounting knowledge to operate our software and our smart document automation makes light of many financial management tasks. We also offer five different types of support including help videos, live chat and a friendly call centre.