This INTHEBLACK eBook is the definitive resource for small business owners and accountants who want to understand the options in online accounting software. Includes reviews of Xero, Sage One, MYOB Essentials and more.
Some programs stand out for their ease of use, encouraging owners to understand how their business works and how to improve it. Others have invested in mobile apps that can create and send your invoice before you leave the client’s office.
It’s important to note that online accounting (aka cloud accounting) programs differ in capability from their desktop software counterparts. Traditional features such as inventory may be slightly underpowered in online apps, for example. But online software has an increasingly powerful card up its sleeve – it can connect to a much broader range of online business apps and services. That can greatly extend the functionality of the core accounting program.
Lastly, take note of the software companies’ visions – this race is still being run. New cloud accounting programs
are coming to market, and the existing software companies are locked in a highly competitive arms race that will drive feature development at a ferocious pace beyond the end of this decade.