Running a business can be challenging, especially when it comes to bookkeeping. This is why it is so important to make sure that you have the right software to work with, and of course trained personnel that can handle your accounting and HR department.
When it comes to accounting you can definitely benefit by having an accounting package installed. Computerized accounting software makes a lot of difference in how you manage your company’s books, as it allows you to automate certain tasks and also create reports and statements when you need them. You can also automatically have your company’s payroll system processed once a month, or on specific dates that you need it to be processed. This is a great benefit as these software programs can automatically calculate salaries, deductions and more.
Training Your Staff
But in order to have an effective HR or accounting department, you need to make sure that your staff is properly trained. This means they need to be aware of all the legal requirements and guidelines that you have to follow, as well as information on tax deductions, leave days, new employee contracts and more. This is why you can benefit from training your staff to be professional and highly competent.
And the first thing to consider when training your staff is to work on your accounting system. There are many different products available and your accounting staff needs to be able to be fully proficient in a package of your choice. This will allow them to work with your accounting software on a daily basis, managing your company’s finances, taking care of payroll and processing customers’ payments.
Another benefit of having a fully trained staff is that you will have competent people to handle your month-end and year-end processes. There will be specific processes to follow as well as reports and statements to create. Although most of this is handled by your accountant, your staff needs to prepare the right documentation for them to review and proper training will help them to do just that.
Once your staff is trained, you can also send them on regular update courses, especially since accounting principles and new tax laws can change every year. This will ensure that they always stay up-to-date with the latest requirements, thereby allowing your company to always be completely compliant.
Preferred Solutions is a leading provider of accounting software and Pastel training in South Africa and we support clients throughout the country.