February 25 2020 - Has your current accounting software started to give you a bit of a headache? Have you seen an alternative option on the market that promises a feature your current solution doesn't feature? Or perhaps you feel it is an unnecessary expense for your business?
Whatever the reason, you have landed on this article for one reason: you have started to lose enthusiasm for your accounting software of choice.
However, the decision to get rid of your current software package is not one to take lightly. Whether you're using QuickBooks, Xeno, or any other accounting choice available, the switch could have a damaging effect on your business.
To convince you to stick with your accounting software, take into account the following four reasons:
1. The extensive troubles of switching
Have you ever moved house before? Remember the pain and stress? Well, switching to different accounting software throws up a similarly frustrating experience.
There are various points you have to consider before integrating a new software package. To begin with, making the change can be particularly troublesome if done in the middle of the financial year. You will typically be left with your previous software hosting one-half of your business figures, while the other half is found on your new software. While this will only be temporary, it does increase the workload and the possibility of errors.
Plus, that's only one example. Information might not be transferred over accurately for instance. Or your opening balance might not be ready after doing the switch on the first day of the financial year.
2. Enhance your current software
If you have been captivated by a shiny new accounting software package that boasts new features, the temptation to switch is understandable. However, did you know that you can enhance your current accounting option with external software?
For instance, say you want to upgrade your QuickBooks online payments process. This can be done by syncing it up with Paynomix, a specialist when it comes to simplifying digital transactions. It also blends seamlessly with QuickBooks and other accounting software choices.
3. Don't miss what you have
If you are not satisfied with the switch to new software, a little thing known as buyer's remorse will crop up. This will certainly be the case if your new accounting software doesn't include the features you had with the previous system. That said, even something as simple as payments not being as easy to process could lead to you regretting the decision.
4. Familiarity with the system
With the previous points out of the way, it's important to remember one aspect: you are familiar with your current accounting software. This means you know where certain things are and how certain processes work. This comfortableness makes it easy to use.
If you implement different software, however, you have to take the time to get accustomed to an entirely new system. This can throw up an extensive amount of issues; processes might have a confusing new name or reports may be hidden in a different spot. The interface could be convoluted and difficult to navigate. The list goes on and on.