Overview
You need to have a idea of how much financials are going to cost you. Making a budget estimate is the only way to reduce the risk of being hit with charges you did not plan for:
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The Readysell team budget on hours. Please review our schedule of charges for the rates. You will have a list of charges, but contact Greg Payne Readysell if you need us to send it to you again or for further information on charges.
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Providing the right information to Readysell will simplify financials implementation
Readysell is happy to help you run the required reports from your old system.
All Financial work does incur a charge depending upon how tidy and accessible your financial data/reports are.
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Prepare to avoid some of the common problems that cause additional financial implementation charges
- Consider the human factors. Such as how comfortable your bookkeeper is with changing to the new system. Your bookkeeper might need additional help adapting to the change.
- Make sure you have the right figures available before starting work with Readysell. If you expect Readysell to dig the figures out of your old computer system the charges will be higher
- The initial starting position is not right that has been provided to Readysell
- In respect to the Bank statement, part of the transactions have been entered into readysell Readysell and part into the old system
- The transactions on the bank statement are incorrectly dated into Readysell
- The transactions on the bank statement have not been entered into Readysell
- Bank transfers are entered into Readysell as a payment and dissected against a general ledger bank account instead of using the feature of Bank Transfer.
- Whilst working through the first live bank reconciliation, I pick up that that an unpresented transaction has been missed out and should have been part of the initial starting position and is already in the old system general ledger and bank reconcilation.
- The wrong tenders are used and don't realize this until the bank reconciliation is extracted.
- With Credit Cards and Visa Cards, the customer needs to determine whether they want to control the transactions via a supplier entry then a payment or a straight bank payment entry or even better a bank reconciliation rule.
- Working with the first bank statement for the whole month, a set of bank reconciliation rules and/or recurring bank payments need to be set up if you are using Automated Importing of Bank Statement. Need to get these right
- Working with the first bank reconciliation, the user needs to be trained and the first bank reconciliation extract and import of bank statement lines needs to be supervised. Usually the statement first time around has problems, due to wrong dates, no payment reference, bank reconciliation rules need tidying up and the tenders may need tweaking.
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