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Book the Right Software for Your New Small Business

Tina Samuels

December 09, 2013

If you are starting a new small business, you might currently be thinking about different ways to manage it more effectively.

One thing to consider is how you will handle vendors, invoices and accepting or sending payments. This is done with bookkeeping software, which combines bookkeeping and accounting practices.

Since you are intending to have a small business, having bookkeeping software should be one of the first decisions you make for your business.

Safety and Security

Your top priority when buying bookkeeping software for your small business hold be safety and security.

You are going to be adding your company and personal financial information, as well as information for your clients or customers, so you need to really make sure they have excellent security.

They should offer additional security protection like revolving passwords, login verification and data encryption.

Demo

It helps to find a bookkeeping software program that allows a demo or free trial. This can help you try out the software before you purchase it.

Not only does it let you know how it works, but it helps you see if your computer will be compatible with the program, which is important to know.

Most trials last between 30 and 90 days, which gives you sufficient time to try it out for yourself.

Special Features

Take a little time to learn about the special features offered by the different bookkeeping software programs, such as offering payroll and accounting services.

This can help you make that final decision between one and another program you can't quite settle on.

Cloud Bookkeeping Software

You might also want to consider finding a bookkeeping software program that works online through a cloud. This lets you access the software and data from any remote location, as long as you have your username and password.

If you are traveling, are visiting a relative or your computer is undergoing repairs, you will still be able to access what you need to.

Industry-Specific Software

One of the more surprising elements to bookkeeping software is that some of the programs are industry specific. This means some programs are specifically tailored to freelancers, retailers, wholesale companies, manufacturing businesses or the construction industry.

Look for software programs that might be available within your industry and it can make everything run more smoothly.

What to Avoid

There are also some common things to avoid that might be a pitfall with the bookkeeping software program you have chosen.

This includes software that doesn't offer a lot of flexibility and modification options, a data structure that isn't accessible or improper navigation that doesn't allow it to be learned easily from the very beginning.

If you still aren't sure which bookkeeping software program is the best choice for new small business, ask around.

You may know other business owners that do their own bookkeeping and accounting and can provide recommendations for easy-to-use programs, or you can find online reviews and testimonials.

Asking someone you know personally is usually preferred because you can ask them specific questions about the program.

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