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In: Accounting

What factors do you think that managers should consider when choosing a new AIS?

What factors do you think that managers should consider when choosing a new AIS?

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Expert Solution

Accounting software makes it easier for you to track your business's financial health and monitor the money moving in and out of your accounts. It can create invoices, track expenses and generate a variety of reports that help you analyze your business's performance from various angles. Many applications can also help you track your bills and manage your inventory or projects.
Choosing accounting software can be challenging. Each program includes a different set of features, and most offer multiple pricing plans to choose from, which also vary by feature, number of users, or other factors.
User-friendliness
Yes, nothing is more frustrating than an accounting system that requires a rocket science to utilise it properly. Besides, an accounting system that is easy to operate and easy to understand is not only beneficial to you, but also your employee who is involved as well.

Software/customer support

What’s the point of purchasing an accounting system if there’s no after-sales support at all? That means always remember to buy software that has support such as user manual (either in printed booklet or online description) or local one-on-one support where you can contact the relevant technical support / customer service.

Price

You may have enough monetary flow to purchase the most expensive accounting system for your business. But ask yourself this question: is it reallyworth the price? That means expensive accounting system doesn’t guarantee it helps run your business smoothly, especially if it happens to be difficult to operate. So, whether the price is expensive or affordable, your accounting system should fit the specific needs of your business

Business growth

Unless you are not planning to grow your business, it is crucial that you purchase accounting software malaysia which has an upgradable application.

Apart from the above factors

You have to consider many factors relating to your business while establishing an AIS

ekkarill92 answered 1 year ago
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