Setting up IT system - can I do it myself ?

Is it possible to setup an accounting system all by yourself? Yes and No.

Standard progam like MYOB Accounting, can be easy to set up. It takes less than 5 minutes to create a new company in MYOB. And within minutes, you can can print your first sales invoice. If in doubt, you can refer to the user manual which can provide you with a step by step guide to perform the functions that the programmers envision it to be. You could also access the online helpline for assistance.

So, in that context, setting up MYOB Accounting program is possible. However to get the most out of the program, you may want to engage a consultant to speed up the set-up. Consultants know the software inside-out, they have consulted for many similar business, and know the fastest and most efficient way to record a transaction. Consultants provide the support when you have queries or encounter problems with the program /hardware.

Consultancy fees may add to the total cost of acquisition, but it will probably ensure a smoother transition.

If you want to implement any new program yourself (or entirely by your internal staff), you should consider whether it is worthwhile for you/ your staff to take time away from their normal tasks, to learn something new. Also consider that rectifying poor work can be expensve.

A new staff member who states that he has used the same program in a previous employment may not necessary have the expertise to implement for a different entity. Sometimes they may not be aware of certain features which can make their work easier.