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What's the most important features in an accounting system in your opinion? Are they of a kind, or are there some killer features on expensive commercial tools
by nonrandomstring 3y ago
What's the most important features in an accounting system in your
opinion?
Are they of a kind, or are there some killer features on expensive
commercial tools that the free fare can't match?
- barryrandall 3y agoThe biggest barrier to adoption that all new entrants to this market must overcome is finding finance and accounting professionals willing to use their product. The second is finding banks, auditors, and investors willing to use statements from an accounting package they've never heard of.
- nonrandomstring 3y agoThanks. What do you mean by "finding banks, auditors, and investors willing to use statements from an accounting package they've never heard of." ? Is that a file compatibility issue. Are there not standard file formats for exchange of data in the financial industry? Don't people, as a last resort maybe, just send a csv, or print the ledgers out on paper?
- abdullahkhalids 3y agoThere are a few different standards. The problem with the generic csv is that headers still need to be specified. Otherwise, the person doing the importing has to specify/confirm what each column means.
- dboreham 3y agoThe standard file format is "Quick books backup".
- dboreham 3y agoPayroll.
- daft_pink 3y agoA big problem is the differences between each countries needs. Securely connecting to your banking and payroll and also the difference needs between different countries tax systems. Europe needs lots of currencies and vat tracking vs USA needs doesn’t usually want all that. I would say that many businesses just want a desktop based system and web based has security and maintenance requirements they just aren’t interested in.