Accounting Software Consultants
According to a recent survey, these are the biggest pain points in managing small business inventory
- forecast accuracy
- overstocks
- expediting
Did you know 18% of small businesses do not use accounting software to help manage their business?
In today’s world of technology, you might be surprised to learn that 1/5 of all businesses do not use any accounting software to run their business. Does that surprise you? Read the results of this survey.
Based on a recent survey even more surprising is that 53 percent of CEOs and CFOs believe it is important to integrate accounting software with invoicing and payment solutions but 20 out of 100 small businesses choose not to. What is the biggest surprise to is that small businesses continue to struggle to truly understand their bottom line,”
Why is this you say? Really the result is a lack of knowledgeable accounting software consultants willing to teach the small business owner what they need to know to help them be successful.
What you will find even more interesting is that 27% of business do not plan on implementing and quote to cash system in order to compete simply because they believe they do not need to.
The top 3 reasons
- Security
- Cost
- Time
About one-fifth of small businesses in the U.S. aren’t using any form of bookkeeping software or online apps to manage their business, according to a new survey. The “Success Through Accounting Study” from B2B network provider Viewpost, showed that 18 percent of SMBs do not use accounting software, while only one in five (21 percent) have integrated their accounting software with an invoicing and payments product. While one in four businesses plan to integrate their accounting with invoicing and payments by the end of 2019, over a quarter (27 percent) have no plan in the near future for a streamlined, end-to-end payments process. About one-fifth of small businesses in the U.S. aren’t using any form of bookkeeping software or online apps to manage their business, according to a new survey. The “Success Through Accounting Study” from B2B network provider Viewpost, showed that 18 percent of SMBs do not use accounting software, while only one in five (21 percent) have integrated their accounting software with an invoicing and payments product. While one in four businesses plan to integrate their accounting with invoicing and payments by the end of 2019, over a quarter (27 percent) have no plan in the near future for a streamlined, end-to-end payments process.
Don’t be a statistic
Michael Guta of SmallBusinessTrends.com reports that 94% of businesses struggle to use software efficiently or at all. Workers are skilled in inventory control and manufacturing. But they need training on work flows, best practices and processes improvement using appropriate software to support business operations.
Comprehensive tools and workflow automation improve efficiencies, reduce costs and increase accuracy. By transferring our knowledge and skills to customers, we empower them to successfully drive their desired outcomes.
Sage Software touts 6.1 million
Microsoft Great Plains touts 240,000
Fresh Books touts 1.6 million users
Capterra Accounting Software User Research Report
The SBA states that only 30% of new businesses fail during the first two years of being open, 50% during the first five years and 66% during the first 10.
All successful businesses use accounting software.
The best-kept secret In inventory management software.