Start right, stay right

From setting up the ideal accounting system for your business needs, to monitoring and interpreting results, SWOT Consulting provides superior accounting system setup assistance for small and medium businesses. We make sure your system generates sound financial information about your business to help you analyze what’s working and change what isn’t.

Is your accounting system right for your business?

Accounting system requirements are different from business to business. Country's regulatory reporting requirements and management's internal reporting needs also affects accounting system structure. When choosing an accounting software or customising accounting system, consider the following factors:

• Does the system calculate all payroll requirements (PAYG, annual leave, long service leave etc);
• Does the system track stock, work in progress, orders, jobs and other task management requirements;
• Will the system handle multiple bank accounts;
• Does the system need to handle foreign currency;
• Does the system track separate financial records for each business or department within the business;
• Does the system allow for interface with other computer systems such as online payments;
• Does the system keep detailed records on customers including what they buy, how often they buy, when they buy etc (often referred to as a Customer Relationship Manager).