5 signs you’re ready for an accounting system upgrade
It always amazes me what some businesses will do to save a few dollars only to suffer years of inconvenience, wasted time and having to put up with poor systems and reporting. For some businesses, the lack of meaningful financial reporting has brought about dire financial consequences, including bankruptcy or, at the very least, loss making.
Common examples include using two or three software products instead of one (including those who supposedly integrate but don’t!) or extracting data into a spreadsheet to calculate essential functions, such as allowing for GST at 15%, accounting for foreign currency transactions, or manual job-costing or quoting. So what are the signs you’re ready for an accounting system upgrade?