A survey by the business accounting firm Tallia reported that 90% of accountants said that their clients want to be able to manage accounting through the internet by 2008.
Online accounting has many advantages and these include the fact that accountants are able to view the cash books in real time and provide crucial advice to the business owners. Also it simplifies things for entrepreneurs as they donít have to spend so much of time saving and updating their accounting books.
Specialized accounting and cash flow solutions for small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer-, Professional-, Personal businesses, allow the employers and employees time to focus on core productive activities rather than spend it maintaining accounts and on financial management.
The Tallia research also indicated that a third of small businesses think that they invest too much of time on cash flow, credit control and other activities related to financial management.
Another crucial point that the study revealed was that online accounting would eliminate the export and import of data to the accountant, a process that many small businesses find baffling.
“The fact that data is offsite, safe and secure is one of the main benefits of managing your accounts online, but it also means that you can work from anywhere or at any time,” commented Michael Turner, general manager Tallia on the advantage of online accounting for small firms.
They must have been reading my blog or been on our website …. sorry could not stop myself! I wish more accountants would act on this, rather then be sitting on the proverbial fence.
Hat-tip to GrowingBusiness.co.uk