The very fact that you’re reading this marks a milestone. Would you have been interested in a “cloud based” accounting application only a few years ago? Probably not. You were probably, like myself and most small business owners, still trying to get your arms around the cloud and doubting that you would ever entrust your most critical financial data to some outside company. But things have changed. Online, or cloud financial applications, are slowly but surely becoming the norm. Many small business owners are taking notice, particularly because of their benefits.
And the benefits are many: access from anywhere, integration with other popular third party cloud applications and banking software, better backup, quicker bug fixes, immediate access to upgrades. And, let’s face it: better security. No cloud provider, not even the Department of Defense, can provide 100% security against hackers. But with so many threats today many business owners are reluctantly agreeing that their financial data is probably better secured by a cloud provider whose business model is reliant on security than on their own server that’s looked after maybe once a month by their local IT guy.
The applications reviewed , Most do a good job handling the accounting basics, from invoicing to payables management to general ledger postings. But companies looking for more complex processing such as advanced inventory management, purchase order control, human resources, CRM and detailed fixed asset management are not good candidates for these products. End users looking for the ability to significantly customize the applications or implement advanced workflow processes will likely also find themselves disappointed. The applications reviewed in this ebook are all geared towards micro and small businesses. To this end, the reviewers warn that even though some of the service providers say they can handle as many as a thousand transactions a month or even unlimited users you should still do your due diligence.
Please visit us on www.onestopaccounting.com
Source : www.forbes.com