Today, you must end your dependence on Excel with the cloud-based Netiquette accounting application that can help you. To end your dependence on Excel, you will need to transition your accounts from one platform to another.
When is the right time?
To facilitate the transition, the best time to make the transition is at the end of the company’s financial year. This is when a company will report its year-end figures and when checks and balances have been carried out. Moving during the financial year is possible but will be more complex.
What data needs to be prepared?
The process of importing your company’s entire financial history will be tedious. Decide whether you really need this history. Data is only useful when you have a plan for it. If you don’t plan to record every transaction, the task of transitioning to a new platform will be much easier.
A major transition!
When transitioning to a cloud-based accounting application, all the errors you make in Excel will be covered by this application. A recent study concluded that 88% of all Excel spreadsheets contain errors.
This indicates that 88% of your Excel calculations may be incorrect. Excel is not an accumulation of calculation errors that will come back to haunt the company, such as incorrect inventory assessments, tax filing errors, and unpaid bills.
Eliminate bad business practices
Many insist on using Excel because of its flexibility. After migrating to a cloud-based accounting application, companies will immediately put it into practice and make improvements, rendering Excel spreadsheets redundant. Wholesale operations that take hours every month are eliminated because cloud-based accounting applications have a better way of doing the same tasks.
Pengendalian Internal
Apa yang Anda perlukan adalah untuk membentuk departemen keuangan secara keseluruhan. Selain memilih paket akunting berbasis cloud, perusahaan akan memerlukan prosedur operasi standar dan kontrol internal untuk mencegah pencurian/kehilangan.
Checklist for transitioning to the IndonesianCloud Netiquette Application
- Chart of accounts/GL ledger
- Item/Service profile
- Customer profile
- Supplier profile
By Suka Cita Pasaribu – Business Solutions Sales Leader
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