Useful free software for your club
Every club should make the most of the good-quality free and cheap computer software available.
Reducing your IT costs without compromising on quality means you will have more money to spend on other parts of your club operations.
One of the main reasons businesses fail is because there isn’t a good bookkeeping system in place that would provide warning signs the business could run out of cash.
You can choose to set up a bookkeeping system manually (using accounting books), electronically (spreadsheets) or use accounting software. Unless you want to get familiar with bookkeeping practices, accounting software is the most efficient choice.
What to consider
Each club may have different requirements from an accounting software. When choosing an accounting software consider the following:
- does the system calculate all payroll requirements (PAYE, annual leave, long service leave etc.)?
- does the system track stock, orders, or other task management requirements?
- will the system be able to handle multiple bank accounts (if needed)
- does the system allow for interface with other computer systems such as online payments?
There are many software packages on the market that allow business managers to successfully control records without an accounting degree. Some of them, such as Free Accounting Software External link , have no cost. Some commonly used accounting systems used by small businesses are:
MYOB, Quick books and Xero are the most popular.
If you’re unsure which to choose talk to your auditor or a business adviser. Once you have chosen your system the initial setup will be important so once again seek advice or help when starting out. Training may also be available for inexperienced users.