IS ONLINE ACCOUNTING FOR YOU?

Online accounting programs are becoming more and more popular with small businesses. They offer a cost-effective way to meet the needs of most small businesses, while targeting only what your business needs in accounting software.

Having your accounting software in the cloud can provide a number of advantages over traditional accounting software:

  1. Reduces your need for costly server and backup hardware. Everything can be managed from your current device.
  2. Eliminates a large, up-front cost for software and associated equipment by charging a small monthly usage fee.
  3. Use and pay for only what you need. You can print invoices and manage your accounts without having to pay for services you might not need, like inventory management or payroll.
  4. Your accountant can have direct access to your books, making file transferring or costly on-site visits unnecessary.

Traditional accounting software makers are focusing a lot of their attention on online services.  QuickBooks is the most popular small business software with over 4 million customers. They now have over half a million online users and have been consistently seeing a 28% rate of annual growth. Their online services continue to develop by adding more customization and easier account access.

There are new cloud-based accounting services popping up every day, so you will want to do plenty of research to find the one that fits your needs best.  To get you started, here is a review of Five Top Picks for Small Business Cloud Based Accounting from cio.com.

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