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Online Accounting Software - The Future is Now!

     Is your company a forward-looking company or one steeped in tradition, with desks filled with PCs and so the dreaded company network server stuck away in a cupboard, susceptible to crashing at loads of inappropriate time and costing the earth by way of technical support and for that matter downtime in employee output when it crashes for the third time within a month.

Many forward-looking companies today are looking at real alternatives to this expensive traditional way of working. Utilising the Internet to encourage home working, flexible working hours and the any time any place access company data. One such area which is fast developing is online accounting software. Accounts software online is so beneficial to companies it really is a wonder how long traditional methods of accounting will continue. Dusty manual accounts books or more traditional accounts software packages installed on desktop pcs that sometimes you should not get backed-up and even more tragic can fail and crucial data lost - it is all so Dickensian.

There's something really positive about online accounting software - it may be accessed from any laptop or PC who has Internet connection but more importantly it is likely one of the safest ways to store crucial company data. Confidentiality is the cry - but online accounts have stringent levels of security built into the software and data is stored in secure server farms and can be secured 5 times on mirrored hard drives - ensuring data isn't lost or irretrievable. Traditional company servers are not just vulnerable to that untimely technical glitch but can be damaged by fire, flood or can even get stolen and there's evidence that companies that lose crucial accounting data tend to be more prone to fail as records of creditors and suppliers are lost. Server farms that store company accounts data and other confidential company data are certain to be bomb and fire proof and regularly back up data automatically.

There are other benefits to online accounting software. More traditional accounts packages are in need of upgrades and companies can fall behind and find themselves in true of using outdated software. With online software this is never the case, upgrades are automated so the accounting software is actually right up to date. This is vital for companies that trade overseas, online accounting software that has multi-currency functions allows transactions in any currency and the peace of mind that currency exchange rates are correct at all times.

The amount of does all this cost is the sound from smaller businesses. Well online accounting software is actually developed with small to medium sized businesses in mind. The more reputable providers of online accounting software realise that an outlay for IT solutions is not at all times an option and are committed to providing an outstanding accounting software for a monthly subscription - therefore eliminating the capital spend outlay that other IT solutions and accounting software require.

A final word regarding the advantages of online accounting software - this past winter was so harsh with heavy snowfall and employees stuck in their homes, companies that have seized the instant and already utilise Internet software services for business operation did not experience the same problems as those with company data stored over the office PC. Company accounts could be accessed and payments to suppliers and requests to creditors plus important company banking business continued uninterrupted. When the volcanic ash cloud brought the UK and areas of Europe to a halt many businesses were affected and important transactions were delayed, not so the case for online business operations. It is absolutely important to realise that online accounting software options are happening now - it is not a thing of the future and there is a real risk that some companies will be left behind, while others flourish even when an act of God brings things to a standstill.

Article Source:

Julie Henderson: An experienced small business advisor with a background in Human Resources and an interest in the development of flexible working procedures to encourage inclusion initiatives for a future workforce. She also has knowledge of the online accounting software sector.

Posted on 2010-08-18, By: *

* Click on the author's name to view their profile and articles!!!

Note: The content of this article solely conveys the opinion of its author.

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