Must-knows of Accounting for Salesforce in 2024

Must-knows of Accounting for Salesforce in 2024

Must-knows of Accounting for Salesforce in 2024

As the new year arrives, looking for new solutions for your business holds great promise. For example, integration of Salesforce would be the smartest investment for your business as it offers perfect solutions to many business processes. With complementary features of the Salesforce platform, you can effortlessly connect and monitor your business processes from a single system. If you are not managing your accounting on Salesforce, 2024 would be an excellent opportunity to start doing it. Additionally, it might be time to consider switching to a new accounting solution if you are not satisfied with your current accounting system. In this article, you will find out when you should consider switching your accounting software and what you need to know about accounting for Salesforce in 2024.

New Year, New Accounting Software

The beginning of a new year is the perfect time to enhance your current accounting processes and tools and consider changes when needed. Picture a financial landscape where innovation meets efficiency, where seamless integration and cutting-edge automation redefine your accounting experience. Embrace the power of change, embrace the excellence of accounting on Salesforce, and let the new year be the trigger for a transformative financial journey! As you embark on this journey of change, here are some “must-knows” to guide you through a seamless transition, no matter what stage of accounting you are in Salesforce. Get ready to kick off the new year with accounting for Salesforce.

When to switch to new accounting software?

Recogni​sing the need for new accounting software becomes evident when the current system struggles to keep pace with the demands of a dynamic business environment. Frequent errors, lack of essential features, or an inability to scale with the company’s growth are clear signals that there must be a change. ​However, accounting on Salesforce emerges as an excellent choice. Salesforce not only offers customer relationship management (CRM) solutions but also integrates seamlessly with various business processes, providing a unified platform for financial management.

The efficiency gained through automation, real-time data insights and the ability to customise and scale make accounting on Salesforce a strategic move for businesses seeking a comprehensive solution. Integrating accounting functions within Salesforce streamlines operations and enhances collaboration between sales, service, and finance teams, fostering a more interconnected and efficient business ecosystem.

Consider changing your accounting system when experiencing;

  • Outdated Technology: If your current software lacks essential features, is no longer supported, or has outdated components to newer solutions, it’s a sign to consider change. Outdated software may lack essential features, fail to support business needs and pose security risks. Embracing modern solutions ensures access to advanced functionalities, compliance with currency regulations, and protection against vulnerabilities.
  • Compliance Requirements: Changes in tax laws or industry regulations may necessitate an update to your accounting software to ensure compliance. Compliance standards are dynamic, and outdated software may struggle to keep pace, leading to inaccuracies and potential legal issues. For example, it would be the right choice to select an accounting software that is compatible for Making Tax Digital (MTD) for businesses in the UK.
  • Integration: Efficient integration between Salesforce and your chosen accounting software is paramount. Ensure that the solution you opt for seamlessly integrates with Salesforce, allowing for a smooth data flow between the two systems. This integration will not only save time but also enhance accuracy in your financial processes.
  • Scalability: If your business has grown or plans to expand, choose accounting software that can scale to meet increased demands. Look for a Salesforce accounting system that is scalable and accommodates the expanding needs of your organisation. This foresight will prevent the hassle of switching systems again in the near future.
  • Budgets: Switching accounting to Salesforce is a strategic move that can elevate your financial processes to the next levels. By understanding your business needs, evaluating integration capabilities, considering scalability, budgeting wisely, and seeking expert advice, you’ll be ready for a successful transition.​ For example, if you are a small or medium-sized business (SMB), you can choose an accounting solution that focuses on SMB. 

Must-have features in accounting software for Salesforce

Accounting software for Salesforce should include seamless integration for real-time data synchronisation, efficient automation tools to reduce manual tasks, robust reporting and analytics capabilities, scalability to adapt to business growth, stringent security measures with user access controls, compliance management support for dynamic financial regulations, a user-friendly interface for ease of navigation, real-time collaboration functionalities, customisation options to tailor processes, and comprehensive audit trail features ensuring data integrity and accountability. These features collectively optimise financial management within the Salesforce ecosystem, fostering a streamlined and interconnected business environment.

  • Real-time data sync: The ability to synchronise data in real-time ensures that your financial information is up-to-date, providing accurate insights into your business operations. Real-time data sync ensures accuracy in financial insights, empowering businesses to make informed decisions based on the most current information.
  • Customisation: Look for a solution that allows customisation to align with your specific accounting needs and workflows within the Salesforce environment. Customisation ensures the software adapts to your unique business processes, enhancing user experience and overall efficiency.
  • Automated Workflows: Comprehensive automation is essential to reduce manual tasks. Automated workflows streamline financial processes, saving time and minimising the risk of errors. 
  • Multi-Currency: Multi-currency support is a crucial feature of accounting software due to its ability to facilitate global business operations seamlessly. Where companies engage in transactions across borders, this feature ensures accurate financial reporting by automatically handling currency conversions. 
  • Salesforce native / User interface: Being Salesforce native means the accounting software is integrated into the Salesforce platform, providing a unified environment for users. This results in a consistent user interface that aligns with the familiar Salesforce layout, reducing the learning curve and enhancing user adoption. This also promotes efficient navigation, allowing users to transition between different functionalities within Salesforce effortlessly.
  • Mobile accessibility: In a mobile-driven world, accounting software should be accessible on various devices. Mobile accessibility allows users to access financial data and perform essential tasks on the go, contributing to flexibility and productivity.

What Accounting Processes Should You Automate on Salesforce?

  • Sales Invoicing: Automate and generate sales invoices with a single click. Avoid repetitive manual data entry and deliver more accurate invoices to your customers.
  • Sales Orders: Give sales and finance a fully integrated environment for processing sales orders, managing warehouses, inventory and shipping. Gain complete visibility into inventory at all locations, instantly access available quantities, reserve the inventory and fulfil orders with streamlined workflows.
  • Revenue Recognition: Automate revenue recognition processes on Salesforce; assign revenue recognition rules to products to be automatically applied to sales invoice line items; automatically create revenue recognition schedules with the relevant general ledger entries; end effortlessly track and comply with revenue recognition standards.
  • Purchase Orders: Save time and effort with automated purchase order workflow. Create purchase orders quickly using inventory items and email them directly to your suppliers. Convert approved purchase requisitions into purchase orders in a few simple clicks.
  • General Ledger: Effortlessly customise your general ledger with clicks-not-code. Quickly adapt to changing business requirements without expensive coding. Use Sub Categories to create the structure of your financial reports.
  • Financial Dashboards: Create your own custom reports and dashboards. Drill into the individual chart components. Find detailed transactional information. Track key indicators that are important to your business.


Zumzum Financials may be the accounting solution that will transfer your accounting to Salesforce in 2024. Zumzum Financials is a comprehensive SMB Accounting software for Salesforce that helps you unify your Sales, Service, Marketing, Accounting, and Finance on the Salesforce App Cloud. 

Built 100% native on the Salesforce platform, Zumzum Financials delivers dramatic increases in productivity and collaboration by eliminating manual tasks, breaking down data silos, and automating processes. Install your free trial from the Salesforce AppExchange today and start your journey.