Accounting software "technical heartbeat" in business

News Article - 11 February 2008
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Choosing the right accountancy software is vital as it is the "technical heartbeat of a business", it has been claimed.

Steven Cohen, managing director of Softline Pastel, told the South African Times that the right accounting software can not only create order in a business but also has the ability to make the difference between a failure and a successful firm.

Although business owners do need to take price, implementation and ease of use into consideration, he said it is more important to ensure software is compliant with current legislation.

"Specifically with the global move to International Financial Reporting Standards (IFRS), the ideal would be a locally developed solution designed to help you with local market conditions that is also already IFRS-aware," Mr Cohen stated.

He recommended purchasing business IT solutions from an established vendor who has a large customer base and regularly updates and refreshes its software.

Research by skills sector council e-Skills UK has found that by investing more in IT, such as new business software, the UK economy could be boosted by up to £35 billion.

Article keywords: <img src='http://pictures.directnews.co.uk/liveimages/Globe_700_19008666_0_0_7003470_300.jpg' align='right' style='width:150px; margin-left:10px;' />There are no <a href="http://www.access-accounts.com/carbon-emissions.aspx" target="_self">carbon</a> offsetting schemes that have been approved by the government currently in operation providing money to go towards tackling deforestation, in news that may be of interest to firms keen to begin <a href="http://www.access-accounts.com/" target="_self">accounting</a> for <a href="http://www.access-accounts.com/carbon-emissions.aspx" target="_self">carbon</a>.<br/><br/>Tom Young, writing on the online pages of Business Green, notes that this follows the release of new quality guidelines from the Department of Energy and Climate Change, aimed at companies wishing to voluntarily offset their carbon footprints.<br/><br/>Concerns have been raised that the guidelines will only approve Certified <a href="http://www.access-accounts.com/carbon-emissions.aspx" target="_self">Emission </a>Reductions, Mr Young continued.<br/><br/>Last year, climate change secretary Ed Miliband said: &quot;If we don't do something on global deforestation, then events that I saw in my constituency a year ago, with terrible flooding, will happen more often.&quot;<br/><br/>However, Mr Young claims that campaigners believe this conflicts with the government's position on offsets now.<br/><br/>Meanwhile, Business Green recently reported that The Royal Society for the encouragement of Arts, Manufacture and Commerce have stated that targets set out in the climate change bill will only be met with the introduction of personal <a href="http://www.access-accounts.com/carbon-emissions.aspx" target="_self">carbon</a> allowances. <br/>

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