Preview

Change or Keep Current Accounting Software

Good Essays
Open Document
Open Document
329 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Change or Keep Current Accounting Software
The decision to change your accounting software is not one to be taken lightly. The initial recognition that there is a need for change, including a full review of the current system, can itself be a long process. Then there is the task of selecting the right package for your business from the vast array on offer - making the wrong decision can have detrimental effects on your business.

This briefing is designed to give you some helpful advice on what you should be looking out for throughout the key stages of the process.

Whether a company is large or small - using a single user entry level software package, a multi-user ERP system, or any variety in between, regular upgrading is an essential part of running a computerised business system.

This booklet is intended to provide a clear understanding of the real and tangible benefits which businesses can gain from moving to the latest version of their software regularly, and to provide basic strategic advice on how and when to implement an upgrade programme.

Outgrowing your accounting software is like wearing pants. No matter how much you try to get them on they just won't fit over your growing stomach. As your business grows you have to update procedures, systems, and software. A simple accounting software solution will no longer fit your changing needs. How do you know it's time to upgrade your accounting software?
It definitely isn't time to upgrade when you have outgrown your accounting software. To succeed in business you must have the foresight and ability to plan what needs and obstacles your small business will face around the corner. Lack of planning puts your business at risk.
The following factors upcoming in your business necessitate the need to review your accounting software and plan ye:
Choosing accounting software can be confusing. The fact is you are looking for accounting software because accounting is a complex matter that you'd like to

You May Also Find These Documents Helpful

  • Better Essays

    Kudler Fine Foods is a company that is looking to expand and integrate their accounting software. Accuracy and the ability to have all locations communicate are essential in the decisions of the direction the company. Software that caters to the majority needs of the company will facilitate the recording process and increase the accuracy of such action. There are several types of accounting information systems the company could use. Each type has their advantages and disadvantages on the development and usage of the software. The company has many issues to consider in deciding which…

    • 1064 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Kudler

    • 1120 Words
    • 5 Pages

    Adaptation to an accounting system within a business or enterprise adds informative value across the company’s infrastructure. The value displayed by the accounting system role plays in effective facets such as faster processing to all accounting functions and foundationally offering over the top results to errors prone from human weaknesses within the data processing schema. System adaption can improve managerial resourcing and monitor processing thus allowing for better control within Kudler entities presently and within the future. Values stream outward as time and responsibilities are placed into organized role task for employees, allowing for improved customer service among consumers and stakeholders.…

    • 1120 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Case Study

    • 625 Words
    • 3 Pages

    Accounting today is much more complex and difficult to understand than it has been in the past. Due to the increasing complexity Accounting Information Systems have been created to alleviate some of the pressures facing accountants. According to Frederick Jones and Dasaratha Rama (2006), Enterprise Resource Planning (ERP) systems are moving businesses from the functional approach to an integrated approach for managing transactions (p.684). Having knowledge and experience with the technological advances will help the accountant become more successful. Companies, such as CBU from the case study, must be able to effectively use technology to their advantage if they want to be successful in the future. The accounting staff of CBU must be able to develop more timely and effective system controls for future financial statement purposes and inventory audits.…

    • 625 Words
    • 3 Pages
    Good Essays
  • Good Essays

    In this report I will talk about the decision you have to make before upgrading a software program and some advice so you won’t encounter any errors or difficulties!…

    • 958 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Kudler Accounting System

    • 808 Words
    • 4 Pages

    The recommendation for the accounting system solution is Dynamics GP by Microsoft Corporation as it is backed by years of innovation concerning business management. The solution lets the company’s personnel run the business more efficiently while improving cash flow (Microsoft…

    • 808 Words
    • 4 Pages
    Good Essays
  • Good Essays

    References: Bourgoin, A. (2010, April). 7 Things to Consider Before Buying Small Business Accounting Software. Retrieved from http://www.smallbizskills.com/small-business-tips/7-things-to-consider-before-buying-small-business-accounting-software/…

    • 793 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Nt1330 Unit 7 Essay

    • 301 Words
    • 2 Pages

    Another reason for keeping a computer operating system updated is to provide increased productivity. When a software program evolves from one version to another, it becomes more streamlined, user-friendly, and increases intuitive to put to work. A major part of a business expenses are the employees and having upgraded software are synonymous with investing in employee productivity. As companies grow, hardware and software must grow with them to face increasing demands of productivity (Garger & Kosur, 2010). Outdated software is also much more expensive to maintain than the newer versions, by overloading help desk personnel with software related…

    • 301 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Acc 250

    • 267 Words
    • 2 Pages

    Johnston, R. P. (2003, Sept). A Strategy for Finding the Right Accounting Software. Retrieved 09 26, 2012, from…

    • 267 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Ais Attacks and Failures

    • 1768 Words
    • 8 Pages

    As long as this world have businesses and buying and selling within company to company accounting and Accounting Information Systems (AIS) will play a big role in financial management and decision making. The degree of value and how usable an AIS is depending on if the system is custom, outsourced or boxed. In this paper I will talk about just that. You will find out if the company should keep, change, modify or outsource and what will be the advantages and disadvantages of doing so. Analyze the need for changing to a new system and the potential benefits and risks associated with this. Identify three (3) advantages and three (3) disadvantages for each of the following choices. Make a recommendation to the CEO. Defend why you chose the option and rejected the others. Propose a system development life cycle (SDLC) approach for your recommendation.…

    • 1768 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    Sage vs Excel

    • 341 Words
    • 2 Pages

    Accounting can be very time consuming and complex therefore accounting software has been created in order to make this more straightforward and less time consuming for those using it. Features of accounting software range from program to program but all provide basic features which usually include accounts payable, accounts receivable, inventory, fixed assets and analysis. Software can be simply bought off-the-shelf, purpose built, or purchased as an add-on to current software.…

    • 341 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Microsoft, Oracle for accounting has greatly reduced the time taken to prepare the financial statements and benefitted auditors and accountants to complete and submit their statements in timely manner. MIS reporting has been made possible by Information systems only to take timely decisions. A new payroll management system from companies like Paychex has greatly improved payroll accounting and is a plus for accountants handling large payrolls. The new system allows accountants to collaborate and merge their work with accountants of the same company located at different location.…

    • 427 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    The new implemented accounting information system is only as good as the information entered into the database as per company requirements. While the primary purpose of the new system was to reduce time and money, the implementation of the new system, however ended up in an avoidable lapse in judgment by the management and the employees. All financial transactions have three main requirements to ensure proper accounting of business operations: timeliness, accuracy, and validity. If these transactions failed to meet these guidelines, information entered into the software* will lead to improperly prepared reports and a total system failure.…

    • 1287 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Accounting System

    • 879 Words
    • 4 Pages

    Most accounting systems evolve as the business grows and requires changes in their methods for collecting, accumulating, and reporting information.…

    • 879 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    When properly integrated, technology can increase a company’s bottom line and make for a productive business environment.…

    • 1243 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Software upgrades can provide new and useful features but they can also cause problems, such as:…

    • 1591 Words
    • 7 Pages
    Powerful Essays