Misconceptions about Accounting Software

Misconceptions about Accounting Software

As a small business owner, you may think that it’s a waste of money to get an accounting software and therefore, decide to rely on manual accounting on a spreadsheet. However, by doing so you are wasting a lot of time! Read our previous post to see why you should get rid of spreadsheets and start using accounting software instead. If you are still not convinced, read on to see some of the misconceptions and concerns about accounting software.

1. It’s costly.

As a small business owner, you might want to save your expenses and stick with manual accounting because it’s free. However, an accounting software can help you to save lots of time! Yes, it may be a bit costly, but it can help you to improve productivity and help you to keep your accounts clean and neat, that way you will be able to spend more time focusing on more important aspects of your business.


2. Accounting softwares are hard to use and I need accounting background to use it.

This is not true as most accounting softwares like Moneyworks and ABSS are user-friendly and the features are very staightforward. However, if you do require any help, you can contact us for a free demo and request for training. 


3. I still need to calculate GST manually.

This is also not true as Moneyworks and ABSS will help you to keep track of your GST as it is automatically calculated whenever you enter a transaction.

Additionally, if you have transactions overseas, you can also add in other tax codes like VAT, if you need them. This can help your business to save lots of time and also ensure that you won’t forget about calculating you taxes.

So what are you waiting for? Come find out more! 

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