Are you choosing new accounting software? If so, you need a plan.
You must clarify your goals, audit your current processes, and identify gaps in your technology stack. Ideally, you need to do this before talking to a single vendor.
This article is designed to guide you through this important process.
What is discussed in this article
- Why your company goals are critical to your software choices.
- How to find gaps in your current software with a 7-step technology audit.
- Where to go to get more information to help you make a confident choice.
So, let’s get started.
Why your company’s goals matter when choosing software
If you want to choose the right accounting software, there is one thing you should know: two companies can adopt the same technology and get different results. One may find the process is now much faster, while another feels frustrated.
One reason is because your goals are different.
When thinking about how to choose accounting software, growth means different things to different companies. Are you trying to make your company a better place to work? Preparing for an acquisition? Win bigger clients? Expand your service lines? The list goes on.
The answers to these questions shape your software and service priorities. Companies focused on staff well-being might prioritize modern, intuitive software for accountants and explore outsourcing services to lighten the workload. Companies hoping to be acquired will likely prioritize efficiency metrics, billing clarity, and demonstrable profitability.
Different goals, different software choices.
However, your goals are just one factor that helps you choose the right accounting firm software. The following checklist will take you through your company’s broader needs to help you make informed decisions.
Source: IRIS Accounting | iris.co.uk
Important points when looking at your software options
The important thing to remember is not to rush when choosing software. Companies that do it right will do the basic work. They understand their goals and audit their current setup.
Remember, the software you choose should reflect who you are and what you need:
- Determine your company’s growth goals before evaluating any software or services.
- Audit seven core areas: staff and clients, current technology, client needs, communications, practice management, time and costs, and document management.
- Look for accounting software that integrates across these areas, reducing manual processes and data re-logging.
Ready to go deeper?
This checklist is just your starting point.
Our complete accounting software buyer’s guide covers the complete technology landscape for companies – from account production and AI-powered tools, to hosting, outsourcing, and what to ask vendors.
It’s free, practical, and written by people with deep experience leading accounting teams and technology transformations in practice.
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