Moving from another accounting system.

Moving from another accounting system is made easy with eFolio Accounts.

Moving from another accounting system is easy with eFolio Accounts. Businesses change from accounting systems for many reasons. Changing from one accounting system to another one can be done without worry if you plan for it.

Step 1: Choose your system carefully. Make sure that it can give you the ability to collaborate with your Accountant. Give them access if necessary but make sure this is done through the system. Ensure it is cost effective, and that it is secure. Check the SSL certificate. Is there a lock in the address bar when you log in to the system? Then ensure that the conversion dates are correct. We have a detailed article on this in our Support Center which you can view here.

Step 2: Add an opening balance for your accounts. View the “Converting from another Accounting System” for instructions”. See what you can export from your old system, and what you can import to the new system. You should be able to import contacts, invoices, credit notes, and bank statements.

Step 3: Ensure you have addressed all your settings in the new system. eFolio Accounts takes you through the first 5 steps to get you started. Then you can address all the other changes like setting up your own branded invoices, and your settings for recurring invoices. eFolio Accounts can send recurring invoices automatically to clients who pay set amounts each month.

Step 4: Make best use of your new system. Reporting in any system is essential for managing cash flow. Make sure you imput all purchases and invoices, and make sure you perform bank reconciliation at the end of each month or as often as you wish. If automation is available then this is an added bonus. A cloud accounting system should make it easy to perform all these tasks.

If you have any questions about converting don’t hesitate to contact us at any time. We constantly work hard to improve our software to make accounting easy.