1. You don’t have a paper trail
You’re dreading your next audit, because your current accounting software neither has a clear audit trail nor does it have workflows in place to protect your assets and make sure that you are compliant with industry regulations.
2. Your cash flow data is all over the place
Details of expenses and accounts are recorded in a plethora of spreadsheets and files, instead of organised in one central system as per your accounting software. You have no way of getting a comprehensive and accurate overview of what you’re earning and what you’re spending, which means you have no control over your cash flow.
3. You’re not exactly sure what’s in your warehouse
Your accounting software should be able to tell you what’s in stock, on order or on its way to a customer. You need to have a firm handle on your inventory if you want to deliver your product timeously and in mint condition.