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If youre anything like me then you dislike with a vengeance doing your accounts and taxes. So how do you make this process easier, less painful and cut your accountancy fees? Well buying an accounting software program is one way. To start with you have to determine whether you’re going to maintain your bookkeeping records manually, whether you’re going to computerize the process, or that’s using pencil and paper. If you determine that computerizing the procedure is the approach to take then you definitely have to determine whether to purchase an accounting software package, for example Sage or Quicken, or whether a spreadsheet, for more information visit to like Microsoft Excel will suit your needs better. As a general rule if you are a cash business that merely must record cost and income then you are better off using a spreadsheet. Thus, should you select an accounting software program? If: You might have customers to whom credit is extended by you and you buy goods in the same manner You process in excess of 50 trades per month Your business is an Incorporated Company (Limited Company in the UK) And You are computer literate or are willing to learn!

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Before selecting the accounting software, speak to your own cpas they will be able to counsel you and will know about the various accounting software programs in the marketplace. Most accountants will have a working knowledge of the accounting software program and use software in their office to process the bookkeeping for his or her customers they use. It may be cheaper that you use the same one they do, for additional information visit to because they could advise you how you can get it up and running and will be on hand to answer questions, plus at your financial year end when your accounts need preparing it will be more affordable, consider me to have a compatible program. In addition, I recommend doing some research yourself, you may be able to get a demonstration disk or download of the most used accounting software programs and this provides you with a concept of how they work and if they buy cheap software are user friendly. The cost might also be an issue, so you should decide in your budget. But consider how your company is likely to enlarge – you may outgrow that budget accounting software quickly and find yourself purchasing the one that is more expensive anyway. Accounting software providers may also try and upsell you a maintenance contract. Keep your cash! In my own experience the established software suppliers will not have bugs in their own systems.

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You will also try and upgrade to another version on a regular basis, but if the software is doing everything you need then there isn’t any need to upgrade. Of course, you could pay someone to do your accounts for you, either your accountant or a bookkeeper the settlement being you dont have to do it yourself and it frees up you to truly run your business!

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