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        Five Reasons for Upgrading Your Entry-Level Accounting System

        Small business owners are fortunate to have a choice of feature-rich, flexible, and affordable entry-level accounting packages. Eventually, though, successful businesses grow and will often find that the very accounting software that once made things more efficient is now bogging down operations. Here are five unmistakable signs that it is time to replace your entry-level application with financial management software designed for midsize companies.

        #1 Your CPA advises you to upgrade. CPAs do not go out of their way to spend clients’ money if it’s not absolutely necessary. So, if the CPA’s advice is to run the business with a more capable financial management package, that’s probably a good idea. And it’s also likely that this advice is reflective of one or more the following four reasons.

         
         

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        About the Author

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        Robert Kugel

        SVP and Research Director
        Ventana Research

        Robert Kugel is responsible for the Office of Finance and business research, focusing on the intersection of information technology with the finance organization and business. His research agenda includes the application of IT to finance and business process optimization, looking particularly at ERP and continuous accounting, financial performance management, predictive planning, price and revenue management, revenue and lease accounting and robotic finance.