The Future of Accounting Software

The Future of Accounting Software for services companies

Computers were a wonderful invention, they enabled acoountants to add up the figures quickly and accurately and thus accountancy software was born.

Software for manufacturing companies has always been seen as a separate sector and the software for stock-holding and distribution companies should also be just that, separate and this leaves services companies.

For services and contracting companies Time has moved on, the accounts can be produced as a by-product of your business activity, they are no longer an end in themselves. There is no longer a need to have a separate system with duplicated details.

Thus a Gross Margin report should be available at the end of every day if you want it; key debtors report should be available every morning; project and job costs should be online and summarised at the end of each week. Timesheets should be a normal output from your diary and your workflow actions and should be integrated into your costings.

Not only that but the reports should be delivered to you automatically at the time and frequency that you decide, that is without you having to delve into the labyrinth of routines to find what you want.

Finally accounting software is avaiiable on Software as a Service bassis so the initial costs are significantly less.