Bonus Tips for Getting the Most Out of your Accounting Package

As long as your accounting package provides tools to align with FASB 117 and GAAP guidelines, then you might find the following tips helpful in using your current software.

  • Do not readily accept someone’s view that the software cannot perform a needed function. Verify by checking with the supplier’s support and/or training department.
  • Invest in annual refresh training often available in webinars, online videos, remote courses, or special onsite consulting.
  • Interact with user groups and online discussion communities.
  • Verify that controls are in place to enforce segregation of duties.
  • Review your chart of accounts at least every 3 years to keep reporting in step with ministry needs/focus.
  • After an audit, make changes in account structure per auditor’s notes. Having a set of books that are easy to audit can cut audit expenses.

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