You know best what you need from your business if you are really going to take control of your finances and keep them organized and easily accessible. It’s important to take this assessment and use it to consider your needs before purchasing your accounting software.
What are you looking for in your accounting software to make your job simple and successful? Are you just starting your business and looking for something user-friendly with a number of standard forms and a few basic customizable options, or are you looking to upgrade as your business grows, with a complete line of personalization options and ways to increase capabilities through the years? Think through your needs today and in the future so that you make the best purchase option.
In terms of budget, are you concerned with the price of your accounting software, not sure you can afford a complex system with which to grow and evolve your business? Are you limited in the price of what you can afford for a small business and need something you can work with later to build a bigger and better future for your organization? If so, you need to look for a small accounting software package for a small price with options to upgrade and grow later. There are a number of packages out there with plenty of capability for later expandability that will cost you only a small amount in the beginning.
On the other hand, you may not feel very comfortable automating your finances and using the computer to keep track of your earnings and expenditures. If you aren’t as computer literate as you’d like to be, you may want to look for the most computer friendly accounting software on the market. You may even want to use accounting software that exports to Excel, only requiring you to input some simple data. This will make you feel more comfortable getting used to using software so you can later upgrade to a more complex package as your business grows and requires more sophisticated accounting options.
You may have a large enough budget to be unconcerned with price and familiar enough with the use of computer programs to not be intimidated by the idea of complex software. What, then, do you require from your accounting software? Does customizability reign as the number one need in your package? Do you need a number of predefined forms and reports to simplify the accounting process? Is it the little “extras” that make the package worthwhile for your business? There are always high end products to meet all your needs, with many offering the option for direct access to software engineers who can help to provide individualized and unique solutions for your business.
Do you worry you won’t have enough storage space through your accounting software for all your customer accounts, vendor accounts, inventory, sales, profits, and any other information you need financially for your organization? Consider the available storage space versus your personal requirements and future projected requirements to determine if the accounting software you’ve set your sights on is adequate to meet your needs.