VSEs and SMEs: How to choose the right accounting software?

During the process of setting up a business, choosing the right accounting software is essential to optimize the company’s accounting management. Centralization and traceability of financial data, reduced risk of errors and streamlined accounting processes…these are just some of the benefits of software. But with so many products on the market, the choice isn’t always easy. Read on for our top tips on choosing the right accounting and management tool.

A choice of software according to company size

Choosing the right accounting software depends first and foremost on the size of your business. Software for very small businesses takes care of your bookkeeping. The tool is ideal for small businesses seeking the services of a chartered accountant.

Software for small and medium-sized businesses, on the other hand, is designed for internal accounting management. This includes all accounting operations concerning the company, such as tax declarations, tax returns and annual accounts.

Software is an efficient tool that facilitates the accounting of transactions for VSEs and SMEs.

Accounting software: the right solution for your industry

Some business sectors require more or less specific accounting solutions. To find out more about accounting software, visit www.troovon.com.

There are a number of different types of accounting tool, depending on the needs of your business:

Accounting and business management software

These are accounting tools designed for a specific business. For a company specializing in the building and civil engineering sector, this could be software to monitor and control site activities, such as hours worked or the use of materials.

This type of accounting assistant is ideal for craft businesses.

Accounting software with grouped production management

A financial management tool for both accounting and production. Purchasing and production cycles are properly monitored and controlled.

Accounting and sales software

An accounting solution to manage the accounting and sales departments:

• Quotes ;
• Billing ;
• Bid proposals ;
• Collections and unpaid bills.

Additional functions

Today’s accounting management tools are increasingly scalable. In addition to accounting entries, software can offer additional functionalities for HR management, sales management and more.

The best features to consider when choosing your accounting software :

• A module for managing tangible, intangible and financial fixed assets;
• A module for in-house payroll management: pay slips, social security contributions and employment contracts;
• A module for editing a dashboard, enabling global monitoring of the company’s business.

The checklist

To make the right choice of accounting software, you can use a checklist containing a few essential questions:

• What is the size and sector of your company?
• Choose a standard or specialized solution?
• What budget for accounting software?
• Is the software compatible with the device’s operating system?
• What are my specific needs?
• What are the key features to consider?

The answers to these questions should help you make the best choice from the wide range of offers on the market.

Comparative analysis

The best way to identify good software is to test it. Many existing online accounting software packages are offered free of charge, subject to a pre-defined trial period.

Select several to test, and then compare them in terms of performance, handling and, above all, price. Making comparisons will help you make an informed choice according to your company’s needs and budget.

Also read: Mypeople Doc: the new must-have tool for human resources