10 questions to ask when choosing accounting software

Admin is an unavoidable chore of doing business. Luckily, software is available to help you easily manage your accounts. But with so many options available, how do you choose the right business accounting software?

We’ve put together 10 questions that you should answer before making your decision. The questions and answers can be found in our 10 things to look for in small business accounting software guide.

The guide has more information about: 

  • What to ask your software vendor before you buy from them;
  • How to ensure the software will meet your current and future needs;
  • Evaluating whether the software will help you to comply with laws and regulations;
  • Ensuring the software benefits everyone in the business; and
  • Technology and technological terms, in plain language.

The guide looks at certain business requirements, like cash flow management and tax compliance, and explains how accounting software can address those needs.

It covers everything from accessing your business data and insights when you’re on the go, to what you can expect – and what support you might need – when implementing new software. Best of all, the advice is backed up by leading accountants and business coaches.

There are many good reasons for finding the right software, like:

  • Freeing up time to focus on your passion; and
  • Making it easier to run your business so that you can focus on the things that will help you grow.

Here’s an excerpt from the 10 things to look for in small business accounting software guide: 

  1. Are your data and insights available everywhere you are? 

Many of us are guilty of checking our email as soon as we wake up, thanks to mobile devices such as phones or tablets. Coupled with cloud technology that makes our data available anywhere we need it, mobile technology has massively expanded the way we access that personal data.

This same tech revolution has swept up businesses too. And why not? Why shouldn’t you be able to access your business data from a coffee shop, or on a train to see a client, thanks to the exact same mobile technology we use in our personal lives?

Whoever said the four walls of the office should be the only place where a business can exist? Who would even say you need an office to run a business nowadays?

Mobile phones, tablets and on any web browser – with the best cloud-enabled accounting software packages, your data is literally always at your fingertips. And don’t think you’re getting a cut-down experience.

With the best cloud accounting software, you can do the same tasks you’ve always done but in a fraction of the time, meaning you have more time to focus on growing your business.

Want to make a note of your expenses while on the road? No problem, just take a photo of a receipt and you’re done. You can even take care of your VAT return while grabbing a burger.

Yet it’s not just about the financial data, reports and dashboards being available anywhere. It’s about the data and insights you need being available at any time of the day.

Ok, so few of us want to be filing our year-ends just before nodding off to sleep, yet the ability to send an invoice or chase a payment while you’re on the train home, or in the dentist’s waiting room, means you save time and enhance your effectiveness.

This frees up time during the working day for you to be able to get on with the core tasks of your business – the very things that made you want to start your business in the first place.

Business startup coach, serial entrepreneur and author Caroline Baxter says: “Today’s fast-paced business environment means small business owners need access to information on the go – less time at the desk and more time getting accounting tasks done while on the move.

“With the ever-changing technology race, it is imperative for any business owner to use software that is user-friendly, easy to use on any device and portable – which is to say, in the cloud.”

Get your free guide: https://www.sage.com/en-gb/blog/smart-questions-accounting-software/