How to Choose Bookkeeping Software
No two businesses are alike. Here are some things to consider when choosing your bookkeeping software:
1. The type of business, service, or product you are providing. Consider an industry-specific software package, such as manufacturing, trade, service, etc.
2. How many people will be working with the software at one time?
3. Do you require different levels of user access?
4. How will these users be accessing the software? From a server or online?
5. What types of things need to be tracked in the software?
- Accounts Receivable
- Accounts Payable
- Invoicing
- Payroll
- Inventory
- Purchase orders
6. What type of detailed reporting will you want to see?
7. Do you need your accounting software to connect to any other external software? (e.g. POS systems, time tracking, eCommerce, etc.)