Friday, September 12, 2008

The buck stops here

Who should make the decision when it comes to choosing an accounting solution?

All too often, business owners shy away from getting involved in the selection process, perhaps because they do not want to get into accounting.

The reality is that they should and must get involved, because it impacts on the way they run their business.

Information is the lifeblood of any business, and to run a business without it is like driving with a blindfold on.

The best person to decide which is best for the business is you, and look beyond just accounting, beyond the pricing and pretty user interfaces.

Look instead at what kind of information you need to run your business, and whether the solution offers it without you having to bend over backwards manipulating data in a spreadsheet.

Which accounting solution is better?

I have often been asked by customers which is better ABC or XYZ?

The truth is all accounting applications are similar in that they perform the same function of recording your accounting entries and producing your financial reports.

So what's the big deal?

Well, the big deal is in the approach taken when deciding which solution best fits your needs.

Accounting is accounting is accounting. Look beyond that when deciding, because all accounting solutions will produce a trial balance, profit and loss account and balance sheet. If that's all you need then the decision is easy.

Keep in mind though that accounting solutions have grown beyond just the traditional functionalities. Today, an accounting application can help streamline your business processes and make it more competitive and efficient.