Accounting Software Setup
In the earlier days of automation, the popular cliché was that computers would replace people. Many brave souls took that bold step forward and never recognized the anticipated staff savings. Instead, they found increased productivity and accuracy in their operations. With the recent advances in the processing speed of computers coupled with the power of the latest software, a new benefit is to be realized - information. With a properly structured accounting system, financial information can be wielded to significant competitive advantage.
Today’s accounting software market contains more than 500 different accounting systems. The key is understanding the needs of your organization in order to determine which accounting system will most effectively meet those needs. The cost of the software is no longer an issue as competition has brought prices to very low levels. The expense of installing accounting software is time, not the cost of software.
Once the accounting software is selected, it needs to be structured so it can produce the information you consider important. All balance sheets show financial position. All income statements show profit and loss. Your financial statements should give you the information necessary to determine how your profits can be increased, your losses minimized while providing an explicit analysis of your assets and liabilities. Even a $100 accounting package can be tailored to a specific business.
After the accounting system organization is established, the staff who will be using it need to be trained. Our consultants couple solid accounting and teaching experience to explain the newly defined tasks to your staff. We show them how to efficiently process transactions to reduce the amount of periodic review work which normally accompanies financial reporting.
As a result, the latest advances in computer technology and accounting software design can be harnessed by your retrained staff to produce reliable financial statements which give management the information it needs to effectively compete in today’s marketplace.
The Part-Time CFO, Inc.
12625 Frederick Street, Suite I5-300
Moreno Valley CA 92553