Just as books are moving to e-readers, music is coming from streaming services, and movies are being consumed via Netflix, accounting is now happening in the cloud. Accounting software is disappearing as accounting moves online to the cloud. Are you ready for the change?
Accounting is an important part of any business. An efficient system will reap rewards, while an inefficient one will do nothing but slow you down. Online accounting in the cloud is a quicker way to do things than an out-of-the box solution that you must install on your desktop, but many small business owners are unsure of how to choose the right online accounting package for them. Xero and Quickbooks are both popular, but there are many others out there. Look into how long the software has been around to ensure that it’s been market tested. Be certain that it can work with multiple currencies if you do business overseas, and check that it will integrate with other software easily. Once you’ve certified that your chosen software has all the features you need, take advantage of the thirty day trial period that most online software has and give it a test run!
Read the full article here: Top Tips on Online Accounting for Small Business