#27 Are You Wasting Your Money on the Wrong Accounting Software?
In todayโs episode, we explore whether youโre wasting money on the wrong accounting software. I give you insight and tips to check if what youโre using is the right software for you.
I know there are spreadsheet users out there, but to grow your business, accounting software is non-negotiable. My personal advice is to use software from the start.
If youโre already on accounting software and feeling like itโs not the best one for you but youโre not sure what you should be looking for, this episode will help!
My practice, Accounted for You, is Xero software only, for lots of personal and business reasons. I explain why, after comparing the usability, features and add-ons, we made the decision to go Xero-only.
As a business owner you need to do the same thing – work out what your business needs and which software you enjoy using.
I run through the considerations you need to weigh up when choosing your software. I discuss considerations to consider including inventory management, complex payroll systems, foreign currency conversion and your bookkeeping skills. Essentially, you need to note down what you need for your business and make sure the software you choose has those things.
Bookkeepers can help you work out the best software for you. I also discuss how, if youโre keen to look after it yourself and are tech-savvy, there is a lot of information available online to work out whatโs best for you and your business.
And of course, consider cost as part of your decision-making process, but donโt make that the deciding factor. I explain why the free accounting software doesnโt have the reporting and other features that you need.
Keeping track of your finances can be challenging enough – donโt make it harder than it needs to be. After listening, youโll feel confident about the importance of good accounting software and how to find the one that works best for you.
LINKS MENTIONED:
Payroll add-ons: Microkeeper / Deputy and Wage Easy / Keypay
Previously mentioned episode:
Ep #10 – Should you Outsource or DIY your Books
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Connect with Lisa Turner:
Instagram: @accountedforyou
Website: https://accountedforyou.com.au/
