Functionality Assessment
Is your current setup aligned with your present and future organisational requirements?
Consider restructuring your Chart of Accounts and analysis structures for optimal results, ensuring they reflect your evolving business needs.
Seek assistance from your software provider, leveraging their expertise to ensure the software you have implemented is being used to its full capacity and suits the needs of the business.
Performance and Speed
The accumulation of lots of historical data can make your system slow and may not align with your future plans for the business. It is important to retain access to this historical data for legislative and reference purposes, but this should not deter you from reviewing your current needs.
Compatibility
Evaluate the long-term compatibility and integration capabilities with other software systems to reduce duplicate data entry and enhance accuracy.
Cost-Benefit Analysis
Are you paying for features that go unused? Consider downgrading to a simpler system, if possible, to trim unnecessary costs.
Training and Support
Assess the training and support provided by your software provider, exploring webinars and workshops for skill improvement and operational efficiency. It’s important to make the most of the support that is available.
Compliance Check
Does your software suit the agricultural industry? Verify compliance with accounting standards, tax regulations, and industry-specific requirements to ensure you stay compliant.
Future Scalability
Will your software accommodate business growth in terms of data volume and users?
Taking a proactive approach by regularly reviewing these aspects ensures that your accounting software remains a valuable asset, supporting the financial management of your business.
Talk to Us About How Our Farm Account Solutions Can Benefit Your Business.