Basic accounting software in Bangladesh programs is off-the-shelf products sold by different software companies. Depending on the nature and complexity of such accounting software in Bangladesh the output may vary, but in essence, all of them perform relatively similar functions.
Earlier, accounting in business establishments used to be more of manual activity. Accounting staff of the organization maintained registers; vouchers, files, etc and these were in the form of paper or hard copies. However, with an increase in the size of business establishments manual accounting has been replaced by the computerized form of accounting.
Basic Accounting software in Bangladesh comes in different categories. The simpler versions support a single user or maybe multiple users within a local network of computers. These are known as Basic Accounting Software Bangladesh and are used by shops, traders or small commercial establishments, where the office is located in one place. These programs are based on simple logic and are usually capable of data storage up to a limited extent.
Two limitations of basic accounting software in Bangladesh:
1. Limited or no flexibility: Simple basic accounting software in Bangladesh usually has limited data handling and/or storage capacity. Hence these types of programs can prove to be very risky, where business expansion happens or is likely to happen. In today’s rapidly changing business environment, where business expansion and diversification is key to ensure profitability, such type of software can create serious problems for the owners and managers of companies. Before selecting a particular variant therefore, the owners of the business or commercial establishment should carefully consider the possibilities of future expansion programs and judge the compatibility of this software in such appropriate context.
2. Limited reporting options: One of the key advantages of using this is its capacity to generate or create multiple, user-defined reports. These reports can be of different types like sales reports, profit, and loss and cash flow statements, etc, etc. Simple, basic accounting software in Bangladesh usually has limited reporting options like Trial Balance, Cash Book, Sales/Purchase Register, etc, but more complicated ones are normally not available. Moreover, it does not have customization options, i.e. the possibilities to create user-defined reports almost are non-existent. More often than not, reports need to be customized and tailored as per the requirements of a specific business purpose. Even if the business size is small, but the requirements are to produce multiple, different varieties of reports, use of this might not prove to be fruitful.
However, there are a few advantages of using basic software accounting software BD.
First of all, it is cost effective. The most important criteria behind the selection of what kind to be used are the cost element. Advanced accounting software in Bangladesh like mainframe-based or ERP based software usually provide astonishing features, flexibility and reporting options, but they cost a fortune to acquire and maintain them. Moreover, they also require a huge amount of server space, which might not be available for a small, or medium-sized commercial establishment.
Secondly, they are also economical to maintain, in the sense, they do not require dedicated support vendors providing expensive annual maintenance contracts. They are simple programs, which can be debugged and serviced by the end users themselves.
Thirdly, end users find it easier to understand and use basic accounting software in Bangladesh. They usually do not use complicated logic and other syntaxes which their high-end counterparts use and are therefore easily understood by common man quicker.
The decision to use basic accounting software in Bangladesh needs to be taken by the owner of the business after careful consideration of its advantages and disadvantages. Needless to mention that size of the business and budget are two factors, which eventually determine which software program would serve the purpose of the organization.
Basic Accounting Software Bangladesh- What You Need But Not More
Basic accounting software in Bangladesh is often all a small business or household needs. Let’s face it, powerful accounting software in Bangladesh is often difficult to learn and hard to use. If you need a lot of accounting power, that’s a price you must pay. But there’s no reason to struggle with complex packages if you don’t need the power. Here are some things to consider.
Free might work for you.
Free software may be good enough. For example, Microsoft offers free accounting software. Now true it’s quite limited, but it may be just what you need. Then you can upgrade later if you need more power. But be wary of no-name software that’s cheap. You sometimes get what you pay for or less. however free accounting software in Bangladesh is risky any business for their internal data leakage.
The first step before choosing?
The best first step in choosing basic accounting software in Bangladesh is deciding what you want to do. See the free software will mostly just let you track your transactions. A fully functioning system with integrated general ledger, accounts receivable, accounts payable and cash journals will probably cost you, but not much. Just make sure to think through what you need.
It’s in the box.
The major software houses all offer powerful accounting software in Bangladesh packages. It’s shocking how little a full-featured accounting software in Bangladesh package costs. You can choose a ready-to-go package that probably includes every feature that your small business needs. The huge advantage of choosing a product from one of these major companies is it’s sold in volume and proven by many users. That’s good for you.
Plus there’s support.
You’ll likely have questions. Who can you call? Maybe you have to purchase a support contract. Best find out up front since you will have questions. That’s another reason to choose brand name software. Those companies will be there when those questions arise. A cheapy, no-name package may leave you with a locked up system and no way out.
Upgrades when you grow?
Upgrades within the same brand are often easy. Switch brands to get more power and it starts all over with the learning. Never doubt that learning a new system is a big part of the cost of an accounting system. You’ll pay for learning no matter what the software purchase price.
Easy accounting software in Bangladesh like Troyee Software is all many people need. Just spend a little time to decide what you need from accounting software Bangladesh. Buy enough system to do the job. But more accounting software features in Bangladesh than you need will cost you extra not only at the initial cost. It’ll also cost you extra learning time. You don’t need that.