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A small company is looking at switching their accounting software from Peachtree to QuickBooks. What costs...

A small company is looking at switching their accounting software from Peachtree to QuickBooks. What costs should they consider? Remember, it'll be more than just the price of the software. Consider both economic and non-economic costs to the firm. Be sure to support your answer with a reference(s).

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Answer #1

Switching of the accounting software involves cost for the company. The first and foremost cost of switching the software is cost of the software. next in line is the set up cost where computers have to be updated to accept the new software and technicians are employed to set up the software. Now, once the set up is done, the employees of the company have to be trained to adapt to the new software. This involves training of the employees and hiring trainers to make employees friendly with the new software.

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