Keeping track of your payments is essential part of surviving in a financially-challenged world.

Every club – small or large, with or without paid staff – needs a reliable financial management system, as well as the skills and knowledge to manage all money-related activity appropriately. Nowadays, the easiest way to do that is to use a computerised accounting system.

If you are not sure whether you need it or not, read on and check out all the features a good accounting software system for small clubs can provide you with. It will save you time and effort, will keep your accounts orderly, and will keep the errors and problems with your finances to a minimum.

What do you need?

To start with, good accounting software for small clubs is able to perform all the essential financial operations related with the accounts of your club. One of the most important tasks of every business is to deal with GST and a good programme will allow you to calculate it and allocate it individually for each transaction. Apart from that, you will be able to follow not only the income of your club, but also how much you spend. This will help you track the cash flow in and out of your company and make changes where necessary – to save when there is a need for a more stable budget or to spend more if the income allows it.

What should the system be able to do?

Apart from that, you will see comprehensive reports on your financial accounts, which will include detailed information about your profits, losses and current balance. Having all the information about your accounts orderly and systemized will help you adjust your budget easily and on the go and most of the features may even be accessible through your mobile devices – a smartphone or a tablet.

Moreover, just like any computer database out there, you will be able to carry out queries and retrieve the information you need in an easy-to-use form. You can choose the styles of your reports and personalise them so that they show exactly what you are interested in and what will help you manage the accounts of your club in the best possible way. The software will be able to present the information about your accounts in a comprehensive form for everyone who has access to the programme, so your employees or partners will be able to take part in the process and make it easier and simpler for everyone.

One of the best features of such software is that you will be able to deal with it yourself, thus saving on employees with experience in accounting or finances. The Admin Bandit program is easy to use, with many options that are clearly explained, and the user-friendly interface does not require a degree in accounting to cope with.