What is custom accounting software?

Not every small business is the same—they have different needs, challenges, and solutions, which includes accounting. This is one of the reasons you need to implement custom accounting software that’s designed for your small business. Custom accounting software molds to the needs of your startup, allowing you to automate many arduous tasks that typically fall on an accountant’s shoulders.

Standard accounting software is more of a one-size-fits-all service that in reality, may not suit every business. Standard accounting software can be applied to an existing system but cannot be customized to fit a business’s specific needs. This is where custom accounting software comes into play.

If you decide to customize your accounting software and integrate it into your business, there are a few key steps you will need to take:

  1. Research: Start by thinking about your business’s needs and conduct research to determine what functions are required to help with those needs. You will want to consider current and future challenges that your business may face.
  2. Design: Once you conduct research and determine your needs, a team of software developers will create a design template. They will work alongside the rest of the company to create an outline of the product that fits your expectations.
  3. Software development: Once a software development company has a blueprint of the design, they can create the product, which can either be an MVP or the final design. The development cost can be high, as developers will have to continuously assess the integration and delivery of the software to ensure it is properly designed.
  4. Deployment: After developers test the software to ensure it works, it is ready to go and can be deployed to your company’s system.
  5. Maintenance: It’s important to have a support team that can provide regular maintenance of the software as time goes on in case something goes awry.

Now that you know the meaning of custom accounting software, let’s move on to some examples.

This post first appeared on QuckBooks Blog