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Your accounting software should be making your life easier. If it isn’t, then it’s time to upgrade.
Tax season can be an annual nightmare for small and large businesses alike. Tax season can be even more stressful with outdated accounting software. One oversight many small business owners make is not taking eligible deductions because they don’t have the right accounting software. Missed deductions are only one of many signs that your accounting software is wasting time and money. Is it time for an accounting software upgrade? Read on to learn about these five warning signs.
It Takes Too Much Time to Deal with Your Accounting Software
It’s time to make a change if you’re spending your nights and weekends catching up on simplistic accounting tasks. Also, it’s a red flag if you’re doing more accounting data entry tasks than running your business. Additionally, payroll tasks should be manageable and not pull you away from your company.
If Your Accounting isn’t Up to Date
If your software crashes regularly, has been breached by hackers, or has lost functionality while your operating system had an update. It’s best to upgrade your system immediately to protect your company, employee, and customer data.
If Your Accounting Software isn’t Mobile-Friendly
Accounting software should be mobile if you have to fix any billing issues after scheduled work hours. Your software should have native apps for Android or iOS, full functionality on mobile devices, and shouldn’t lack vital features.
If Your Software Doesn’t Integrate with New Apps
It’s best practice for your accounting tools to integrate with invoicing and expense management tools. Otherwise, you’ll have to face hours of reiterative data entry. If your accounting tools integrate with new apps, you want to ensure both or all of them update in a way that works well together. It’s also logical to ensure that your accounting software integrates with a broad range of user-friendly apps that are not foreign to you.
There are No or Few Automation Options
Automation is a standard part of business practices and saves so much time. It’s best not to send invoices to customers with few or no changes manually. It’s also not best to tally up expenses using faded paper receipts or reconcile your bank statement with your bookkeeping software monthly.
How Upgraded Accounting Software Helps
Advanced (but user-friendly) software will streamline all of your bookkeeping processes through:
- Receipt scanning for expense management
- Automating invoicing and bookkeeping
- Integrating payroll processes
- Integrating more than 500 apps
- Removing data entry from tasks such as voicing, payroll, expense management, and bank reconciliation
- Mobile accounting options
Contact The Harding Group today if you’re looking for a bookkeeping and accounting rescue team that can make running your small business smoother.
Trust the Professionals at the Harding Group
Unlike other accounting firms, The Harding Group, located in Annapolis, MD, will never charge you for consultations and strive for open communication with our clients.
Are you interested in business advising, tax preparation, bookkeeping and accounting, payroll services, training + support for QuickBooks, or retirement planning? We have the necessary expertise and years of proven results to help.
We gladly serve clients in Annapolis, Anne Arundel County, Baltimore, Severna Park, and Columbia. If you are ready to take the stress out of tax time, contact us online or give us a call at (410) 573-9991 for a free consultation. Follow us on Facebook, Twitter, YouTube, and LinkedIn for more tax tips.