How will you Choose Accounting Software for your Business?

How to select your business accounting software

Accounting software has become a fundamental requirement for managing business operations. It is used for keeping track of financial records in any business. For small and medium-sized enterprises (SMEs), accounting software is especially crucial because there often isn't a separate team to handle daily financial tasks. Business owners themselves manage their income and expenses.

And it is precisely for this task that the need for accounting software arises. And then the question arises:

  • How will you Choose Accounting Software for your Business?
  • What type of software is needed for daily bookkeeping?
  • Which software is suitable for keeping accounts on both computer and mobile?
  • Is it possible to use accounting software for shops for free?

In today's blog, we will search for answers to these important questions. That means, what considerations should be taken into account when selecting accounting software for businesses in Bangladesh? What features should be available in accounting software for business accounting?

This blog contains-

How is the customer support of that accounting software?

Undoubtedly, it's surprising! Right from the beginning of selecting accounting software or an app for business accounting, customer support is essential! Yes, how the customer support team of the accounting software you choose for business accounting is and how helpful they are is crucial! When they have a good reputation for customer service, it's easy to understand that the app can be used effectively! If needed-

  • Look for someone who is using accounting software for business accounting.
  • Call the customer service or support team of the app.

There are currently several accounting apps available in Bangladesh. However, business owners express the most satisfaction with the customer support or service of accounting apps. Therefore, HishabPati might be your first choice as accounting software.

Search for information about the developer company of the accounting software.

Yes, you should search for the establishment of the developer company of the accounting software. You can contact them for this purpose. Here's what you should know:

  • Where is their head office located?
  • Is it a local or foreign company?
  • What other software or IT products are available in the market?
  • How many years have they been working in the IT market?
  • Who is the owner and what is their vision?
  • Is the accounting software regularly updated?
  • How often are feature updates released?
  • On which platforms do they have a presence?

You need to gather such information easily. That means, how established is the company and what are their future plans? Look into these aspects.

Is the accounting app cloud-based or desktop-based?

First, understand the difference between cloud-based and desktop-based software. Here's a brief explanation:

Cloud-based:
Cloud-based means storing data and programs on web servers using the internet. All your input data will be stored on a central server. The accounting software will update and sync data automatically. You'll perform all tasks online. Internet access is the main requirement for using cloud-based software.
Desktop-based:
With desktop-based software, all your business data will be stored on your computer or hard drive. That means you are responsible for the security of your data. You can update the software as you wish.

Now, make your decision. Which type of software do you need for your daily accounting? However, nowadays, everyone prefers cloud-based accounting software because the responsibility for data security lies with the company. HishabPati is a cloud-based accounting software. Therefore, it is very convenient to use as mobile accounting software.

How useful are the features of the business accounting software for your business?

When choosing a business accounting software, you will pay special attention to its features. You will see what specific features are available in the accounting app for your business. Suppose you run a small business. In that case, you should check whether the app is specially designed or tailored for small businesses.
For a small or medium-sized business in general, certain features are essential to have-

  • Convenience of tracking business income and expenses
  • Convenience of tracking due balances
  • Ability to add unlimited products and parties for the business
  • Provision of invoicing for each transaction with customers
  • Multiple payment methods
  • Ability to automatically calculate without a calculator
  • Ability to work in both online and offline modes
  • Ability to work in both Bengali and English languages
  • Auto-sync feature for business data
  • Ability to view reports on various products, parties, and expiry dates
  • Capability to add multiple users or users
  • Ability to manage multiple businesses
  • Effective solution for handling multiple unit issues in product buying and selling , etc.

One app for business accounting, inventory management, and invoicing support.

A crucial aspect indeed. The business accounting software must include inventory management alongside invoicing support, eliminating the hassle of using separate apps for each. Therefore, the ideal business accounting software should be like HishabPati app, offering integrated solutions for accounting, inventory management, and invoicing support all in one place.

Does the app have features according to the current demands of the business?

Is this an important issue? When selecting accounting software for your business initially, this aspect may not be at the forefront of your mind. However, as your business transitions from small to medium or large, you'll need specific features. For example:

  • Feature to add multiple users
  • Feature to manage multiple businesses
  • Feature to buy/sell in multiple units
  • Customized and ready-to-use invoice templates, etc.

In addition to these, it's crucial that the accounting software's features are regularly updated or enhanced to meet the ongoing needs of businesses.

As a software for keeping accounts on mobile, how easy and convenient is it?

Before selecting accounting software for your business, three common factors need to be considered. Because later, these minor points can complicate your daily accounting tasks. The three factors are:

  • Ease of use and intuitive interface of the app.
  • The app should be user-friendly for ordinary users.
  • The opportunity to use the app for free initially when starting the shop's accounting.

The subscription fee for HishabPati starts at only 99 taka

The hisaabpati app prioritizes affordability for small businessmen, offering two subscription terms – monthly and yearly – with three budget-friendly packages.

Basic Package:

  • The basic package is completely free!
  • Ideal for those in search of a free accounting app for mobile.
  • Suited for basic accounting needs.

Premium Package:

  • Monthly subscription: BDT 99.
  • Annual subscription discounted by 17%, costing only BDT 999.
  • For those who are using free accounting software for their shops, this package offers the best solution at a low cost.
  • It also provides advanced features for professional accounting needs.

Business Package:

  • Monthly subscription at only 199 BDT.
  • Annual subscription discounted by 17%, totaling 1990 BDT. per year.
  • Ideal for users with more extensive business accounting requirements.
  • A cost-effective solution for those seeking free accounting software.

Know about all features of packages **Get detailed information and choose your preferred package today!** The interface and usage of HishabPati have been designed with the general user in mind. Additionally, there is an option to use the app for free initially, making it an ideal choice for small shop accounting. So, without any hesitation, HishabPati can be chosen as your business software.

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