Accounting software is accessible to virtually any company, yet we still commonly see so many businesses very hesitant to make the switch. What are the top three reasons so many companies are reluctant to jump on board when it comes to implementing accounting software?
- They think their company is too small and that they have everything under control
When a company is small, business owners tend to think that accounting software is unnecessary and that they have every aspect of their finances under control. Yet, accounting software has a spot in any business no matter the size and no matter the talent running the organization. In reality, no matter how small your business is or how skilled your team has proven to be, when finances are controlled through Excel documents, or pen and paper, there are bound to be mistakes. No company is “too small” to make these mistakes, and no matter the size, these simple issues can cost a company big. In the end, if a company makes money and spends money, there IS a need for accounting software.
- They think they will have to hire extra resources to run their new software
Some companies think that by buying accounting software they will also have to hire new professionals to operate and run this new system. The thing is, accounting software is built specifically for non-professionals, meaning that is it easy to use and does not require any extra time or skill in the workplace. With the right software, almost anyone can reduce data entry, track payments and create reports with just a few simple steps.
- They think that they cannot afford accounting software
The most common myth we tend to see is that accounting software is too expensive for companies to purchase. Most companies think that they can’t afford this software, and in turn put no effort into even looking into the costs. In reality, companies may be surprised with the flexible pricing structures that are offered. Yet, without requesting a quote they may never know!
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by Logan Consulting