more-arw search

Q&A Forum

Accounting System Recommendation

Choosing the right accounting software for small businessWhat is a good accounting system for a small business (~ 40 employees) that integrates with a CRM system, does commissions and manages inventory? Do they need an ERP system to do all these things? If so, what's an affordable one for a small business? Thanks!

Answers

Topic Expert
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO, SBAConsulting.com) |

There are lots of systems, with different price points, add-ons, and configurations (server based/cloud based).

So your question is very broad-based. You need to examine (just a starting point):

1. Commissions - are they straight forward or complex?
2. Inventory - just items, or do you use kits or features?
3. CRM - does it need to be integrated or can it be an add-on?

Take a look at this Resource: https://www.proformative.com/resources/buying-accountingerpcrm-system

Doug Sleeter
Title: President
Company: The Sleeter Group, Inc.
(President, The Sleeter Group, Inc.) |

Michelle,

I think you'll want to look at one of the following, but you should definitely have answers to Wayne's questions in your mind as you evaluate:

QuickBooks Enterprise
Sage 50 or 100
Intacct
Financial Force
Netsuite

Good luck in your search!

Len Green
Title: Performance Improvement Consultant and E..
Company: Haygarth Consulting LLC
LinkedIn Profile
(Performance Improvement Consultant and ERP Strategist, Haygarth Consulting LLC) |

Hi Michelle

This link on Proformative's website may help you plan your approach.

https://www.proformative.com/resources/erp-selection-critical-factors-your-company

Kind regards
Len

(Agent, JKS Solutions, Inc.) |

Commissions will usually always be manual to a certain degree either more or less unless you can standardize the compensation plans.

Method is a good CRM that can help you if you are working in Quickbooks, which can also be customized extensively for other tasks. www.method.com

If you are using Quickbooks online, SOS inventory.

What you need to think about is whether you are ready to have a captive accounting department. Can you afford full time accountants? Can you afford an IT department yet, qualified to handle an ERP system? The costs go up from here.

The Cloud offerings now are better than good for small business, allowing you to consult with CPA firms and CFO consultants. Find a CPA who is implementing Intacct. The AICPA recommends Intacct and you should be able to find a good firm specializing in being your outsourced accounting department for a reasonable monthly fee.

If you go this way, you won't have to hire departments but can still get the benefits of good systems and reporting and knowledgable people for a few thousand a month depending on what you require.

Best.

Topic Expert
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO, SBAConsulting.com) |

I love it when Associations "recommend" certain vendors. Its just like the AARP and all the "deals", where they get a commission on every sale.

One size does not fit all; and always remember that customization is the gift (to the vendor) that always keeps giving (update after update, year after year). "Create them wisely, Grasshopper"

3546 views

Get Free Membership

By signing up, you will receive emails from Proformative regarding Proformative programs, events, community news and activity. You can withdraw your consent at any time. Contact Us.

Business Exchange

Browse the Business Exchange to find information, resources and peer reviews to help you select the right solution for your business.

Learn more

Contribute to Community

If you’re interested in learning more about contributing to your Proformative community, we have many ways for you to get involved. Please email content@proformative.com to learn more about becoming a speaker or contributing to the blogs/Q&A Forum.