Your department s account software is extremely outdated and you have included the purchase of new software in his years' fiscal budget. You have decided it is time to start looking into purchasing your company's accounting software have chosen someone in your department to undertake the task. You want to draft a memo for your employee to help guide him/her in the purchasing process. Prepare a 350-word memo discussing the factors to consider when choosing accounting software. Analyze why each factor is important and the risks of not considering each factor.

Purchasing an Accounting Software:

Accounting Software for your business can be expensive not just to buy but also to maintain. It is essential to lay down after making careful considerations with all the stakeholders all the requirements that are expected to be fulfilled by the accounting software and then compared closely when the choice of prospective software is narrowed down. It is more than likely that not all the requirements can be met by any of the prospective accounting software being considered but they probably can be customized to cater to the requirement.

Answer rating: 100% (QA)

i Accounting software is a digital platform that evaluates and takes care of the financial condition of a business ii It is recommended by experts to ensure stable cash flow to any small or large orga... View the full answer