We won’t put you in a pigeon hole

Date: 23 May 2013

For a new/start up business a cashbook package that gives you a cash flow report/budget and GST preparation may be all that is needed. Banklink has a solution for small businesses.

As the business grows you may need to manage payroll, customers and suppliers, and need more in-depth accounting reports.   These may include the need for inventory control, time management, job tracking, and multi-currency facilities; therefore a different accounting software package may fit you and your business better. 

We have done some research and compared the basic packages of the major players; Xero, MYOB and QuickBooks.  The results of this, including costs and features of each package have been posted on our web site and this blog about cloud options. See "Xero MYOB QuickBooks compare their cost" dated 21 March 2013.

There are some interesting findings e.g. MYOB provide a similar package to Xero for a lesser cost, with payroll included.

Rather than putting all businesses in one accounting software pigeon hole, the process is one of matching business needs with the relevant software solution. 

Ideally, this is done in partnership with your accountant, who can also assist with set up, training and on-going support.  These all contribute to your understanding and acceptance of the software solution. 

There is no "one accounting package fits all businesses" here.  We believe that accounting software must fit the business and not the other way around. 

We are happy to have an informal meeting to discuss the options, and then introduce you to our staff members who are specialised in Xero, MYOB and QuickBooks.  They are available to give a free health check on whether your accounting package fits your business.

Give us a call to make an appointment.

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