ACCOUNTING ARTICLES

Number 11: Should I use computerised accountancy packages or manual bookkeeping?

This looks like a simple question that you are asking, and it is but let us look deeper. How much do you know about manual bookkeeping? Many business people spend hours trying to decide where each invoice or payment should be listed.

Is this a repair and renewal or is it a capital item? Do I need to put this item in sundries or should it have its own heading?

How do I calculate the percent Gross Profit, I know the accountant told me about it, but I did not understand what he was talking about.

It looks so easy when you have a qualified person doing it, but it really is not that easy for the business person who has no training in bookkeeping or accountancy.

Now consider what it will be like when you use accountancy software. You put in your receipts and payments, and the software balances the bank for you. No more manual double entry bookkeeping where the columns do not agree - just allow the accounts program to do the hard work for you.

With accountancy software, you will become the accountant you never thought possible. You will be producing reports for your business. You will remove the sleepless nights, where you had been trying to work through your accounts, because your accounts software is taking the strain for you.

For most business people there is no choice, the computerised accountancy package is the way forward, and you really do not want to be left behind.

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