Accounting and Financial Software Issues for Small and Medium Sized Enterprises (SMEs)
Brochure [89Kb pdf] in two parts
Details for advisers to SMEs
Leaflet for clients of advisors or others wishing to distribute information to help companies with the change to the euro.
In our contribution to this FEE document, we focused on the options a small company had if they wanted to minimise the amount of work or cost in the changeover.
This advice is very minimalist, and essentially trades off manual effort for software facilities. If a business person works out the true cost of their time, they may well realise that more automation of the changeover process would benefit them.
Bear in mind that it is the volume of information that dictates the effort, both in history terms and daily transactions. Some small businesses cannot convert price lists with thousands of items by hand, they must use automated features.
This paper should be read in conjunction with these two Euro-papers:
No.40 Conference Enterprises 2002. A round table on the practical impact on enterprises at the end of the transition period
No.39 What would happen to a company on 1 January 2002 that had not converted to the euro? Advice to managers and their advisers