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CHOOSING THE RIGHT ACCOUNTING SOFTWARE

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CHOOSING THE RIGHT ACCOUNTING SOFTWARE

Accounting software isn't just for accounts. Today's accounting software can be connected to lots of other apps. That gives you potentially hundreds of joined-up tools to help you manage your retail business.

When deciding which accounting software to buy, here are a few points to consider:

  • Was it designed with retail in mind?
    Does the software work well for retailers? Read the online forums and specifications carefully.
  • Does it have multiple access levels?
    It's best to have different levels of permissions for owners, managers and others with special authorisation. You won't want everyone on the shop floor having full access to your accounts.
  • Can it record transactions and manage payroll?
    Nearly all accounting software handles transactions, but payroll might only be available as an upgrade. Check before you buy.
  • Can it track inventory?
    Some do, others don't but can be seamlessly linked to add-on apps that can. Do your research, as this is a useful feature for retailers.
  • Is it cloud-based?
    If so, it'll give you access to your accounts from anywhere at any time, lower support costs, automatic backup and easy connection to other apps.
  • Is it scalable and extensible?
    Scalable means it will grow as your company does, letting you add new users when you need to. Extensible means you can add new features to the software just buy purchasing new add-on business apps.
This article was written for retail businesses however - everyone can relate to this and take note when you decide to implement an accounting software in your business daily operation.


Xero is a cloud based accounting software that provide beautiful and pleasant accounting experience to business owner and simplify the business process.

Source: Xero