Many a times, I meet business owners who seems to be very comfortable working with Microsoft excel when recording their daily business transactions.
Moreover, I hear them say something like this:
I do not need accounting software because my accountant is already using Microsoft Excel and I am very comfortable with the report he sends to him.
Here are 7 dangers you are exposing your business accounting system to:
•If you make an error in your formula, every single calculation done on that spread sheet will be wrong.
•If you do something wrong then you might have to do the spread sheet all over again.
•If you do not know what formula should be used, and you use the wrong one, error messages will show and it can take you a long time to figure out what one should be used.
•If you are not familiar with spreadsheets, it can take a long time to adjust to all the formulas, which is very hard.
•Spreadsheets are restricted to a limited number of records.
•May require a large amount of hard-drive space for data storage.
•Cannot create reports like databases.
If you are still insisting on your so-loved excel accounting, I have played my role- which is to help you save time by finding an easy way to manage your growing accounting transactions- that is I want you to see the unmanageable risk that are inherent in your small business accounting system which will affect the validity of your business decisions.
On the hand, if you are looking for a reliable way to get started in switching from Excel Accounting to Accounting software, you can put a call across to me on +234 8084219399 and I will show you how easy QuickBooks Accounting Software can automate all the manual accounting with just mouse click.
See my post of how to download a FREE Accounting Software