Onestopaccounting.com, started
since 1999 with more than 10 years, a Singapore company Specialist in
Accounting software Singapore, selling wide range of accounting software,
inventory software, retail point of sales system, payroll software, mail
management software, human resource management software, time attendance
software; that empowers business. We carry brands such as Sage_Ubs Accounting /
EZ Accounting( IRAS Accredited Software) / EZ Payroll (Compliant With IRAS
Guideline) / MYOB Software /
Quickbook and customised solutions software tailored to your company needs.
Accounting packages can be used
for all the important financial transactions in your business and you will rely
on it to give you critical information about the health of your business. In
order to make the right choice, you need to consider a number of different
issues.
To get the right package for your
business, you need to define your business requirements and then match them to
the available packages. A good way to do this is to decide on the overall
requirements first, then consider the more detailed requirements within that
framework. For more information, see the pages in this guide on assessing your
business' overall needs for an accounting package and on assessing your
detailed requirements for that package.
Your package must meet all the
statutory (legal) requirements that apply to your business and must continue to
do so in the future, by, for example, submitting annual accounts that meet
defined accountancy standards. Some requirements apply equally to all
businesses, but others are specific to particular businesses and the way they
operate. For example, a business that deals mostly in cash will keep accounts
in a different way to a business that does not. If you have been running your
business with manual accounts then you will probably be familiar with these
requirements, but if not, your accountant will be able to help.
You need to consider what help
you will need to set up, install and maintain your accounting package. For
example, if you need to send in your GST/QST
return, but a problem occurs with your accounting package, you need to be able
to solve the problem very quickly to avoid penalties for a late return. You
need a person or support organisation that you can rely on to sort out this
type of problem. Understanding and defining your support requirements is a
major part of choosing the right package.
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