Maintaining accounts can be challenging for any business. Many businesses entrust everything to an accountant. Others aim to save time and money by using specialist accounting software.
If you choose the right package, good accounting software can help your business manage accounts more efficiently. It can make the process quicker and more straightforward. It can also help you with e-filing, ie submitting your company accounts, details and returns to Companies House electronically. However, not all businesses will benefit from accounting software.
This guide explains how to keep business accounts and considers advantages and disadvantages of accounting software. It provides an overview of the different types of accounting packages and offers an implementation checklist for new accounting package.
It also outlines what key features of accounting packages you should consider and how to go about choosing the right accounting package for your business.