A Methodology For Selecting Interactive Accounting Software Systems For Small Business Firms

Abstract

Selecting an integrated accounting system to meet the needs of a small business can be a difficult process if one does not know much about computer systems. Small businesses realize their need for an interactive accounting system which is expandable as the business grows and has the ability to interface with all types of accounting software systems. This methodology informs a manager how to select and install an accounting software system for a small business. It tells a manager how to establish information requirements by evaluating the problem areas and defining needs, timeliness, and growth. It describes the types of a counting software systems which might be needed and gives a description or what should be looked for in each. It tells how to formulate a minimum criteria list which distinguishes between the required and desired functions and features. It also includes an example application of the system selection process on a small local business. It tells how a manager can seek out information on the various accounting software systems and obtain literature from different vendors - about what they can offer at what price. and detailed description of the selection process followed once all the information is obtained. It also contains information on testing and installation. With this methodology managers have a tool to use when determining what type of accounting system would best fit their needs.