How Do You Rate Your Accounting System?

As your business grows and changes, so do your accounting needs. It’s essential to regularly audit your accounting system to make sure it’s supporting your team. And that it can grow with you over the coming months.

Here’s a quiz you can use to regularly assess your accounting software and its ability to help you perform at the highest level.

Answer the questions below to calculate your score.

Calculate Your Score

It's a fit!

1 – 5

If you score is 1 to 5, your software is likely a good fit. With an effective system in place, you and your team can focus on predictive analytics and using data to make strategic decisions.

Needs improvement.

6 – 10

If your score is 6 to 10, you might be missing out on opportunities to streamline processes. You should explore options to integrate the products you use, automate manual tasks, or consider a more advanced solution.

Hurting your business.

11 – 15

If your score is 11 to 15, your solution is hurting instead of helping your business. It’s time to look for a product that better fits your needs.

Not Satisfied with Your Score?

It may be time to research alternatives to your current software. Why not start with Sage Intacct, the only financial management software endorsed by the AICPA? Sage Intacct is continuously recognized as a leader in best-in-class cloud accounting software. See it in action.

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What Does A+ Accounting Software Look Like?

Different businesses have different needs based on their industry, size, and other factors, so the software that makes the grade for one company may not meet your requirements.

If your software fell short in the quiz above, it’s time to starting thinking about what you need to improve your score. Here are some features and characteristics of top accounting products that you might want to explore:

  • Scalability
  • Cloud platform
  • Automatic updates
  • Data backups
  • Strong integration capabilities
  • Easy access to real-time business metrics
  • Customizable reporting and dashboards
  • User-friendly
  • Multi-entity, multi-currency, and multi-book capabilities
  • Core financials features (general ledger, accounts payable, purchasing, order management, accounts receivable, cash management)
  • Workflow automation
  • Time and expense management
  • Project accounting
  • Revenue management
  • Subscription billing
  • Sales and use tax automation
  • Vendor payment services
  • Fixed assets management

Not Sure Where to Start?

Don’t stress, we’ve got your back. Our team of accounting experts has helped hundreds of businesses update their acccounting software. We can help you assess your needs and find a better system for your organization. Contact us to start exploring your options.