|
Accounting Software functionality - Good accounting software should: Have high functionality Have the functions included within the software, rather than as add-ons Perform the accounting functions:
- required by your organisation
- the vendor claims the accounting software performs
- required by statute / regulatory authorities
Provide the following accounting and system-wide functions (depending upon your requirements) Accounting software functions:
- general ledger
- accounts payable
- employee expenses
- time recording
- purchase order processing
- accounts receivable
- contract accounts receivable
- sales order processing and invoicing
- job order processing and invoicing
- service management
- job costing and invoicing
- inventory
- bill of materials and works orders
- cash book
- fixed assets
System-wide functionality:
- fully web enabled, to operate over the internet / intranet
- employee self service (ESS) / manager self service (MSS)
- employee portal
- workflow enabled
- alerts
- document image processing (DIP)
- euro compliance
- IFRS / Sarbanes Oxley compliance
- multi company, country and currency
- support multiple Windows versions
- VAT
- SMS text messaging
Be a fully 'open system' Be written in a widely used programming language Be fully integrated, or easily / seamlessly integrated with other relevant systems (if stand alone modules) Provide links to other systems eg payroll, logistics, manufacturing and desktop software Have the scope to grow with the business Be flexible to accommodate changing user or business requirements Have a chart of accounts structure that is flexible to accommodate your current and future requirements Support good accounting practice Return to top |
