Accounting software is vital

Many Australian businesses don’t have adequate financial systems. Michael Rich discusses the most common questions around accounting sofware.

More than 300,000 Australian and New Zealand businesses are using out-of-date accounting software, resulting in a deficiency of vital information that is needed to perform core business activities, according to Michael Rich, managing director, Attaché Software.

This issue is particularly relevant considering we are moving from one financial year to another.

There are opportunities for resellers to advise their clients if their financial software is out-of-date and help them source an alternative solution.

Rich explained that as the economy slows the risks increase so it is more essential than ever for businesses to update their accounting software.

This is to ensure business owners and managers are in better control of basic business procedures including vital business lifelines such as cash flow and stock control.

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