In Pursuit of Profit
Read our expert article below or sign up to get articles sent to your inbox.
Business owners are sometimes sold on the juicy features and sleek reports that their accounting software boasts without regard to whether they actually need this functionality. Other times, they end up purchasing software based on the recommendation of another professional without doing enough research to determine that it’s going to be too advanced for their business. Either way, the result is the same – feeling like you had a California King bed delivered to your little midtown loft.
The options and customization available don’t fit your business needs and discerning which you should use takes up too much of your day. Having an accounting platform that’s too big for your business is inconvenient at best and completely overwhelming at worst.
Use these five steps to find an accounting system that’s better suited for your business:
1) Weed Out Unnecessary Features
2) Look for Specialization
3) Set Priorities
4) Forecast Future Growth
5) Re-evaluate Your Needs
Bringing in a professional doesn’t have to be too costly either, especially if it’s a part-time position or retainer agreement. Find out more about hiring a senior accountant or bookkeeper to run your integral financial functions.
We can help keep you better understand how to improve your system and evaluate whether it is time to make a change. Contact Eric Moore, ASP Practice Leader here.