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Saturday, January 12, 2013

Executing your Accounting Software

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Putting your accounting software into operation is much more than just installing some software on to your computer. You should consider the followings in your implementation plan.
However, if you want to know how to find the right accounting software before studing about implementation and select accounting software based on your needs you can read the other articles too in this blog. Knowing how to evaluate accounting software is equally important as selecting an accounting software

Accounting Package Installation
You will usually get the accounting software package in the form of a CD-Rom and may require you to register the package with the supplier so that it is fully licensed and works correctly.

Initial company setup 
You will need to enter details of your business including the year-end date and other details. Your accounting software package may have several different Charts of Accounts like the headings that you use in your accounts depending on your choose to suit your type of business. However, you may need to tailor this to your requirements. You can consultant your accountant and seek advice you on this work, or your accountant himself can undertake it for you.

Parallel running
You may find it useful to run your old accounts and the new package alongside each other for a while to ensure that you are getting correct results. However, it is difficult to maintain parallel running for very long because of the duplication of effort.

Staff Training 
Your staff who work with the accounting package on a day-to-day basis should ideally have some formal training in the use of the accounting package. You should schedule this training so that it is done shortly before the installation of the software.

Support and Maintenance Agreement
It is a good idea to purchase a support agreement from your supplier for your new accounting package, at least for the first year of operation so that you have a readily available contact to help sort out queries and problems. This is not necessary if you go for free accounting software depending on your business requirements and money management techniques. Many business organizations find that a support agreement is a good investment even after this initial period.

Related Pages

Accounting towards Automation
Select Accounting Software Based on your Needs
How to Evaluate Accounting Software
How to Find the Right Accounting Software
Increase Bottom Line with Software Automation
Free Accounting Software
Accounting Software Save Time and Money
Assessing Overall Needs for Accounting Software
Accounting Software
 

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