Understand Your Accounting Needs Implementing Your Accounting Package

Understand Your Accounting Needs Implementing Your Accounting Package

Implementation is much more than just installing some Accounting software. Your implementation plan should consider the following.

Package installation – this will usually be in the form of a CD-Rom and may require you to register the package with the supplier so that it is fully licensed and works correctly.

Initial company setup – you will need to enter details of your business including the year-end date and other details. Your Myob accounting Software package may have several different Charts of Myob Accounts – i.e. the headings that you use in your accounts – so you can choose to suit your type of business. However, you may need to tailor this to your requirements. Your accountant should be able to advise you on this work, or undertake it for you.

Parallel running – you may find it useful to run Accounting Software  your old accounts and the new package alongside each other for a while to ensure that you are getting correct results. However, it is difficult to maintain parallel running for very long because of the duplication of effort.

Training – the staff who work with the accounting package on a day-to-day basis should ideally have some formal training in the use of the package. You should time this training so that it is done shortly before the installation of the software.

Support – it is a good idea to purchase a support agreement from your supplier for your new accounting package, at least for the first year of operation so that you have a readily available contact to help sort out queries and problems. Many small businesses find that a support agreement is a good investment even after this initial period.

Visit more at: onestopaccounting.com