Is Your Accounting System Outdated?

Is Your Accounting Software Outdated (or Outgrown)? Here are a few questions to get you thinking…

Number One | has your vendor stopped (or are they planning to stop) supporting your accounting software? It may seem obvious, but we get this one a lot.

Number Two | are you using spreadsheets (or even better, green bar paper) to track financial data or compute calculations (hint, hint…commissions, inventory, etc.)?

Number Three | do you enter manual journal entries into your accounting software? Maybe those entries are from calculations you’ve compiled in spreadsheets (see #2)? Are you operating in several systems to accomplish your accounting needs (and, of course, they aren’t capable of automatically syncing the data)?

Number Four | do you spend hours of time each month closing the books? Do you need to manually create the reports needed? Or maybe it’s because you have to manually complete the consolidation process?

Number Five | do you perform work-arounds in your accounting system to get it to do what you want?

Number Six | do you have a chart of accounts that is a mile long? Or maybe you need to create a whole new set of accounts each time you add another profit or cost center (we’re talking grants, jobs, product lines, locations, etc.)?

Number Seven | do you correspond with your customers and vendor primarily through email, fax or maybe even snail mail still?

Number Eight | does your desk look like you are endangering the tree population? Do you have paper invoices or timecards to approve coming out your ears?

Number Nine | does your system allow you to access your financial information anytime, anywhere and on any mobile device?

Number Ten | do you really need another reason to contact us to see if your life can be easier with a better accounting system?

If you answered yes to even one of these questions, it’s probably time to start looking for new accounting software. Let’s face it, the transition won’t be easy, but the inefficiencies outdated systems can create sure isn’t a walk in the park.

 

Outdated accounting system

 

 

 

 

 

 

One comment on “Is Your Accounting System Outdated?

  1. […] So if you’re using a spreadsheet, or software that’s not giving you the information you need, it might be time to think about a change. Not sure if you’re ready to make the change? Ask yourself these questions. […]

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