What Makes a Good Accounting System

Accountancy is a common language across the world and although there are local differences in the treatment of items within accounts the principles are the same in any country. Despite this there are hundreds of different accounting software packages, all claiming to be the best. The most important consideration must be whether or not the company that has made the investment in the technology, is able to train its staff to get the best out of it. Most small and medium sized businesses need something that can record all sales, purchases and cash transactions, before producing reports that allows a user to extract the information required to run a business efficiently.