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Accountancy Software Buyers Guide - Part 2

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As you can see, having the right accountancy software working for you can be of great benefit to your company and should save you money in the long term. However there are hundreds of titles available on the market, so it is worthwhile doing some research before deciding which one to buy. A good place to start would be The Approved Index, the UK 's leading business to business referral service, which has a number of accountancy system providers listed. Alternatively, you could ask your competitors what software they use in their accounts department, or keep your eyes peeled for accountancy software programmes that are particularly popular in your industry. Accountancy software programmes are also built to fit specific volumes of trade and turnover, so look out for the software used by businesses of a similar size to you. Make sure you review the software provider's history, solvency and any industry awards or accreditations they have received for their products. Other considerations include:

  • The softwares functionality and ease of use and whether the necessary level of support will be available for the lifetime of the product. Will this support be given online or over the phone, and will it be available outside office hours?
  • Look for any additional software features you might find particularly useful, including tools for tax preparation, online banking, business planning, emailing invoices and the integration of sales and marketing data. Find out whether the product can be customised to suit your specifications.
  • Also consider the softwares connectivity, which can boost internal/external communications using various network utilities and by enabling remote access.

When you have narrowed your choice down to two or three software packages, it is advisable to field the views of the employees who will be using it and consider whether they have the skills to use it or will need special training. If training is required, does the software manufacturer include the necessary literature and user manuals, or will this training involve an added expense? It is worth clearing such matters up before committing to purchase the software because free trials are often offered by software manufacturers.

Other considerations include which programme offers the best insurance policy and how future upgrades will ffect the application. Also, judge whether you will be able to work with the vendor or manufacturer again because software companies are always eager for repeat business, and often offer better prices in an effort to keep clients. Another factor is the amount you wish to pay for the software, whether you want it boxed or as a download, and how many user licenses you want. Remember that internet vendors often offer titles below the listed price in order to remain competitive, whereas retail outlets and third-party vendors can provide a working knowledge of the software that might be of more value to you. But whichever way you choose to buy the software, I wish you a long and prosperous future with it!

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All of our Accountancy Software articles are available for republishing, but full credit must be given to Approved Indexin the form of a direct text link back to the Accountancy Software Quote page.

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