Online Accounting Gathers Steam
The primary purpose of accounting is to help people improve the way they run their business. Great accounting does this by providing companies with today's numbers, not yesterday's or last month's. That way, businesses can stay on top of their finances on a daily basis and avoid big surprises.
Online accounting has been around for several years now, as well as many courses offering an online accounting degree, and many people believe that it is the next leap forward for small and midsize business (SMB) accounting.
Great accounting is also selective. It does not overwhelm people with too much data, like an all-you-can-eat buffet. Instead, it highlights key figures and important trends, so companies can use it for its intended purpose: to help make better decisions.
One of the resounding lessons of the dot.com bust is that newfangled technologies don’t always get adapted overnight (unless you’re lucky enough to be ebay or google). Online accounting has been around for several years now and many people believe that it is the next leap forward for small and midsize business (SMB) accounting. It has been observed that online accounting has not yet gained widespread acceptance but is catching on with an increasing number of companies, especially those who have outgrown desktop solutions or who have multiple office locations.