How to Choose the Right Accounting Software

Choosing the right accounting software for your organization is an important decision. Because of this you want to make the best possible choice with the information you have available to you.
Plus, this is not something you want to do frequently.

Switching accounting software can be a costly endeavor depending on the complexity of your operations. Click To Tweet

According to Ruth Moon Mari of ChurchLaw & Tax, there are lots of things to consider when selecting accounting software. These considerations not only apply to churches, but to most organizations looking for the right fit…

Choosing accounting software for a church involves a complex range of factors, including the church’s accounting needs, the number of people who will access the software, the training required, the security needs, and other areas unique to a given church.
Here are some steps that will take you through the thought process of selecting the right accounting software for your organization. With thoughtful consideration, you can make the best possible choice.

Determine your specific needs

  • What type of information do you need to account for?
  • How complex are your operations?
  • Do you need special features?
    • Payroll
    • Job Costing
    • Inventory
    • Fund Accounting
    • Bank feeds
  • Do you want to import data on a regular basis?
  • Does the system need to do more than just accounting? For example… 
    • Member and donation tracking
    • Event tracking

Who will be operating the software?

  • Do you need a more user-friendly interface?
  • Will your external accountant need regular access?
  • How do users need to access the software?
    • Online
    • Server

Do a cost-benefit analysis

  • Look at costs at the beginning and end of the process
    • Don’t spending hours reviewing something you can’t afford
  • What is the base price?
    • Does this include everything you need?
  • Are third-party apps available and what is the cost?
  • Do the benefits of available or add-on features outweigh the costs?
These are just some ideas to get your creative juices flowing. In the end, it’s worth it to take a little extra time up-front to make the right decision once and stick with it.

To Your Success,

Bob Swetz

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