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Best Small Business Accounting Software

How to choose the best Small Business Accounting Software for your business.

Choosing the best small business accounting software for your business can be a daunting time consuming task. There are many factors to take into account when making the decision and getting it wrong can lead to much wasted time and money. How do go about choosing the right small business software for your business?

Small Business Software Checklist.

Over the last 20 years we have been heavily involved in the decision making processes involved in trying to get to the correct solution. We have listed below some of the key decision making points to consider when drawing up your short list. This list is not intended to be exhaustive. It is intended to help you focus on some of the areas which you may overlook and which could cause you considerable problems if not addressed at the correct time.

Choosing Small Business Software.

Hints, tips and advice on making the right decision. The best piece of advice we can give you when embarking on choosing small business software is to start with a piece of paper and a pencil. Donít start by searching the Internet, donít attend product demonstrations, donít start evaluation different business software packages. Using the small business software checklist as a starting point list out all the issues and processes that you need to consider in making your choice. Get other people involved in this checklist process; particularly your accountant if you are considering financial software.

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Best Small Business Accounting Software Checklist

Hardware compatibility. Will the software run on your existing hardware?
Will you need faster processors?
Will you need more memory?
Will you have to upgrade the hard discs?
O.S. Compatibility. Will it run on your existing operating system or will you need to upgrade to the latest version?
Service pack versions Are your servers and workstations at the correct service pack level?
Network data volumes Will your new application swamp your network?
Scalability Will your application scale to meet your future plans?
Remote access Do any of your users require remote access?
Does the support of the software require remote access?
Existing data compatibility Will the application be able to import existing data?
Interface with existing systems Will it interface with existing systems?
Reporting Will it provide you with the level of reporting your require?
Customisation Will it need a lot of expensive customisation to meet your needs?
Training How much training will your staff need ?
Upgrades Are upgrades part of the pricing model?
Licensing Will the licensing model fit in with your business plans?
Data back up Will your existing data backup solutions cope with the additional load?
Support What type of ongoing support is available, and at what cost?
Disaster recovery planning Will the software fit in with your existing disaster recovery plan?
Existing business processes Will you be able to tailor the software to your existing businesses process or will you need to rework some of your processes and procedures?


Last Updated 14/01/2008

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