Below is an example accounting system requirements checklist containing the top 100 accounting software criteria. Treat this as a starting point for gathering your accounting software requirements. For more criteria, see the Accounting Software RFI/RFP Template, which lists more than 3200 criteria, plus has templates for RFI, RFP, Business Analysis, Requirements and Evaluation. General Ledger Budgeting and forecasting Processing period-ends / year-ends Consolidation Statistical allocations Management accounts Cost analysis Accounts Payable Data entry and validation Invoice / order matching Invoiced and non-invoiced payments Employee Expenses Expenses processing and payments Corporate credit / payment cards Travel management Purchase Order Processing Purchase planning Requisitions, quotations, orders Purchase contracts Integration with suppliers Supplier self service and supplier managed inventory Par inventory and inventory replenishment Expediting Receipting / goods received Returns to supplier Accounts Receivable Receive payments Invoice / payment matching Credit notes Credit control Invoice query management Sales Order Processing Proposal and quotation management Cross-selling and up-selling Sales contracts Order processing Product configuration Fulfilment and delivery Customer portal Integration with website, shopping carts, ecommerce payments Cash sales and trade counter Customer returns / RMA (Return Merchandise Authorisation) Invoicing Invoice creation Utility billing Job / Project Costing Project planning and management Quotations, orders and budgets Job variations Income and costs Inventory Inventory items, barcodes, locations Transactions Inventory levels Inventory item values, cost prices, sales prices Inventory stock counts (stock takes) Lot (batch) control Cash Book Bank account reconciliation Cash flow planning Fixed Assets Asset records, types and valuations Asset acquisition and disposal Capital expenditure budgeting and forecasting Asset tracking Depreciation Advanced Analytics & Business Intelligence Analytics Dashboards Mobile business intelligence Balanced scorecards Business activity monitoring Predictive analytics Decision support Data mining Online analytical processing (OLAP) Data warehouse Common Requirements Across All Modules Workflow Alerts Social Media ESS (employee self service) and MSS (manager self service) Multi company, currency and lingual capability Compliance, legislation, regulation and taxation Enquiry Reports and documents VAT / sales and purchases taxes Integration / interface with other systems Systems Operations Screen / system design System performance and efficiency Data processing and systems control Data volumes and quality Security Back up and recovery Technology Requirements Application software, windows, browsers Database, operating system, network Cloud services / SaaS (Software as a Service) Hardware Learn more about the Accounting Software RFI/RFP Template and how to quickly and easily gather software requirements, prepare your RFI and RFP, and evaluate and compare vendor responses.

