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Disclaimer

 

The information on this site cannot be relied on as accurate and up to date. We strongly advise you seek the advice of accounting and tax professionals before making any accounting related decisions.

Visit SM Accounting Ltd

This site contains free bookkeeping and accounting courses and is ideal for anyone looking to learn finance, bookkeeping or accounting. This site contains information on double-entry bookkeeping, basic accounting, credit control, business planning, etc. 

* We do not offer refunds on any digital products purchased on this site. 

When do I need Accounting Software?

August 27, 2015

Occasionally I meet a client that has accounting software that is costing them a heavy annual sum but their business has not grown to a sufficient size to justify the cost of the software. I am sure the opposite also exists - accounting departments/business owners using Excel (or similar) to record a 'monster' load of accounting information, when accounting software would save them half the time and probably half the money.

 

To help business owners who wonder if their business needs accounting software, the Bookkeeping Master has uploaded a new video - Do I need Accounting Software? When do I need Accounting Software?

 

When you start a new business you want to keep costs to a minimal. Most of the time accounting software is not needed for a new or small business. When the business grows to a sufficient size or becomes VAT registered accounting software can be absolutely vital.

 

Accounting software providers are now making software packages that are more suitable for new and small businesses, these packages are at a minimal price and offer a product to meet the needs of new and small businesses. As your business grows there is room to also expand your software.

 

In the video the Bookkeeping Master will give his advice and insight into when accounting software is needed. If you are ready for accounting software, he recommends KashFlow - click here to go to their website and view pricing information.

 

 

 

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