Email a collegue.| Headline: | Excellent value for money |
| Description: | ETB review
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| Review: | Accountancy practitioners from smaller firms are saying that their workload increases every year although they computerise their procedures.
But then they chose their own destiny and prosper accordingly. Why? SME clients are notorious for resisting increases in fees they pay. The work does not decrease it is very time consuming because the accountant has to In the first instance input transactions to build up the accounting records. This is low-expertise work and no one wants to this. So, the accountant ends up doing much of the bookkeeping to build up incomplete records. Thereafter, the accountant carries out high-expertise work of finalising financial statements and tax work and sometimes audit work. So, what is the way out for the beleaguered accountant? One answer is to let the client carry out their own bookkeeping. If they present their figures on software, the accountant can scrutinise it to spot any differences or unallocated items thus using his profitably. However, most SME's are unable to cope with even the easiest of software. InPractice Software has the answer - InPractice Cashbook The bookkeeping software is on MS Excel platform. The SME’s need only to know how to open, input, edit, print and save. Most people know these basics of Excel and so training someone to use takes hardly any time. The accountant then needs to persuade the client to use InPractice Cashbook. The accountants have only themselves to blame if they insist on doing the input and bookkeeping work. Instead of their clients buying an accounts book from the stationers every year, they should buy this very affordable software. Those accountants who make this change will be more profitable and less harassed. |
| Benefits: |  |
| Drawbacks: |  |
| Price (GBP): | 99 |
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The attainment of an ideal is often the beginning of disillusion
