Online accounting is a software service that is delivered over the internet. Unlike packaged software, there is no program to buy and install on your computer. Instead, users log in and access the system through the internet.
The biggest advantage of online accounting is that it provides access anywhere and any time. This is particularly useful for businesses who have remote employees, external accountants or business owners who travel a lot. It also substantially reduces input error and double entry of information between the bookkeeper/owner and the external accountant.
In addition, online accounting does not require a large up-front investment in software or support contracts (which can get quite expensive) and it eliminates many of the usual IT hassles like installing upgrades, networking users to the system and making backup files.
Online accounting is vastly more secure than traditional software as application service providers have far greater data protection measures than most companies have in-house.
We currently work with clients using the following packages: