Recommended ABC Software

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Hennie Stander
Accountant, South Africa

Recommended ABC Software

Which software package would you recommend I use in our small business to enable me to setup an ABC-system?

  E. Davydov
Consultant, Russian Federation

ABC System Selection

Hi, it depends on:
1) The size of your organization.
2) Organization specific issues.
3) ABC accuracy (is it enough to have 70%?).
4) Your purpose of using ABC.

  E. Davydov
Consultant, Russian Federation

ABC Software

Moreover, I have experience to develop ABC model in Excel and I think that if the purpose of ABC is only management accounting (I mean that result of your calculation will not cover annual audit check) you should use Excel, because:
- Itís simple.
- You need 1-2 month for developing and testing you model before it gives you a real result.
- You can develop a number of reports that you manager needs.
The above of course assuming your company is not a huge corporation.

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