The Ultimate Guide Choosing a SaaS Accounting Software
PUBLISHED: January 7, 2022
With the fast-changing business landscape due to digitalization and pandemic, software as a service is becoming one of the sought-after services in today’s time. You might have heard about “Netflix and chill” referring to watching on one of the most popular streaming sites and chilling until the end of the day but did you know that Netflix also counts as software as a service or SaaS? What is a SaaS Accounting Software?
What is SaaS?
Software as a service or SaaS is a licensing and delivery model in which a software is licensed and hosted over the cloud to provide access to end users at a certain period of time. Independent software vendors have the ability to host the software in the cloud or may contact a third party to do so.
While SaaS Accounting Software or cloud accounting software is a type of accounting software license wherein end users will pay for subscription in order to use and access the said software and its data. SaaS Accounting Software has grown over the years catering to small businesses up to large enterprise.
What to consider in availing SaaS Accounting Software?
There is an array of accounting software to choose from but how do you determine which is the suitable one for your organization. Below are some of the things that you might consider in choosing the right software for you:
First thing to consider of course is your budget. Whether you are a starting small business or an established firm, you should always set your budget. You can opt to a monthly subscription or to an annual subscription depending on your budget.
Aside from your budget, you need to consider the scope of your business as well. Different software has different modules to cater different business needs. It is important to let the provider know about the runabout of your business in order for them to give the suitable package for you.
By bundles, we mean training and after-sales support inclusive type of SaaS Accounting Software. It is better to look for bundled packages or providers that doesn’t just provide the system but the service as well in order to utilize the software.
Here are some of the top SaaS Accounting Software Provider
- Oracle NetSuite – great for medium to large businesses
- Intuit QuickBooks – suitable for starting businesses
- Xero – applicable for small businesses
- QNE Software – tailored-fit to the Philippine Setting and can cater both SMEs and large enterprise
QNE offers a 60-days FREE Inventory Software Philippines License to let you experience the change that it can bring to your organization! Sign up now. Click the image below!