5 Dangers of Free Accounting Software that Every Business Person Should Know

5 Dangers of Free Accounting Software that Every Business Person Should Know

It sounds good when there’s free accounting software available on the Internet. If you can save some precious dollars, why not, right? Some of this free accounting software comes with an impressive list of features and functions that convince you to download them without any cost.

You may even be led to believe that they are as good as the paid ones. But before you conclude that free accounting software fulfils your business and account needs, we thought we should first, warn you of the dangers of using them.

1. Are They Really Free?

Yes, it’s a big question! Most people search in the internet for free accounting software and download the best one among the hundreds. But they get a big shock after installing the software. It asks to purchase the full version paying the amount mentioned there. Else you’ll be able to use the software only for a few days and then it’ll stop responding. In fact this is a trick used by the unpopular software companies to trap people.

2. Are They Powerful Enough?

No matter how big your organization is, you need a powerful accounting system that can provide you quick and perfect accounts. But, most of the free software are developed by some small companies who never invest much time or effort to make these software powerful enough. They just follow the basic logics of accounts and hardly they perform any thorough testing even. It can be highly dangerous for any company in the long run and when you’ll come to know the drawback, you may not get any chance to rollback.

3. Are They Reliable?

It’s a big question until you have any feedback from a user. There are many software, even the paid ones, that may not be reliable enough. They can crash any moment or may give you a wrong outcome that often may be difficult even to identify, as hardly you’ll manually calculate the result when you already have a software. In addition, in case of these free accounting software, you may be misguided by the fake feedbacks given by some fake users. So, it’s always suggested not to go for these free software; rather pay some dollars and purchase a genuine software from a reputed company – you’ll save much time and money in the long run.

4. Are They Safe?

Here is another shock waiting for you. Many ill-minded software developers use these software as a spyware. They inject the spyware in the backbone of the software. So that people keep it installed in their system as a useful software, while the spyware will transfer all your personal information to some unknown address. However, it may not be applicable for all the free accounting software. But who knows, the free software you have installed is not that one?

5. And Support?

No chance! At least we haven’t heard ever if any free accounting software provider offer any support. All the free accounting software are just use-and-through type. Download the software, install and use. There is no one to help you out if you face any problem. But, if you go for any paid accounting software, you’ll always get full support from the provider that is very important.

It Pays to Invest

So, it is highly recommended not to use any free accounting software, unless you don’t care about the future and invest a few bucks to get a genuine software.

Having said that, Reach Technologies offer a free trial to our Kingdee KIS accounting software. This gives you a hand at our solution to see if it works for you, but trust us, you’ll be impressed at how it’ll fit your business and accounting needs.

Visit Kingdee KIS Accounting Software to learn more.

3 Awesome Benefits of Using an ERP System in Your Business

3 Awesome Benefits of Using an ERP System in Your Business

An ERP system is sometimes regarded as solution only necessary for huge companies. But a basic ERP system implementation like that of the Kingdee K/3 ERP can bring in huge benefits for your business and is encouraged by Spring. Here are the 3 awesome benefits of implementing an ERP solution into your business.

1. Integrate Your Finances with Your Business Operations

You don’t need to purchase separate accounting software to handle the finances of your business. In fact, your accounts are such an important part of your business that it should part of your basic ERP set-up. This enables your finance department to communicate effectively with other departments in your business, such as the human resources department, your sales team, or your warehouse management department.

This also allows you, the business owner, to have a more accurate overview of your finances, and which departments could probably use some improvement to improve performance.

2. You Can Really Be the Boss

There’s a saying that a successful business owner is one who doesn’t have to dip his hands into the operations of the business in order to keep things running as usual. In fact, you should be overseeing your business operations, and be able to identify areas of improvement.

This can be done with the Report Writer and Approval Workflow aspect of an ERP solution, such as the Kingdee K/3 ERP system. This module gives you a bird’s eye view of your business, allowing you to generate reports and analyze your business operations. Once you’ve identify an area that possibly have gone wrong, you can dive right in and make improvements to optimize production and profits.

3. Industry-Specific – What’s Your Business in This?

An ERP software can be customized to meet unique business needs, down to the industry. So even if your business is in precision engineering, software such as Kingdee K/3 ERP are specialized to help you. Modules can be included or excluded, and settings can be customized so that they fit into your daily operational needs.

In fact, 3rd party software can also be integrated into Kingdee K/3 ERP. So if you’ve been using AutoCAD, you can include it in your ERP set-up as well!

Sounds awesome, but which modules do I need?

You don’t need to start off by using every module that comes with the Kingdee K/3 ERP solution. Let us help you analyze your business needs and recommend you the best solutions to help optimize efficiency and increase profits. Digital transformation is no longer optional in today’s world. While digital marketing improves your revenue, an ERP solution will push your costs really low. The twin engine will then bring your business to the next level.

Want to learn more about how Kingdee K/3 ERP Solution could help your company? Click here.