Online accounting

Online accounting relates to accounting that can be done on the World Wide Web. It usually implies use of a web application that works through a browser without buying or installing any software.It is typically based on a simple monthly charge and zero-administration approach to help businesses concentrate on core activities and avoid the hidden costs associated with traditional accounting software such as installation, upgrades, exchanging data files, backup and disaster recovery.

Characteristics

A real online accounting or bookkeeping service can be recognized by the following characteristics which all make for a much more efficient accounting process:

* Multi-user access
* Multi-site access
* A single / multiple, shared database(s)
* Zero system administration for end-users
* Very economical to provide service to large number of clients
* Enhancements and fixes continuously developed and installed by service provider

Benefits

* Save time and money;
* Gain greater control of finances by moving from paper records to computerized accounting software;
* Transactions that affect your bank account can be sent automatically to the online accounting application;
* Send sales invoices and other documents directly to another business's accounts for the recipient to approve without having to reenter the information;
* Bring accountants and their clients closer together;
* Enable real-time multiple-site accounting.

disadvantage

* can be attacked by viruses
* the information can be changed by hackers,so it can not be acceptable accounting

See also

* Online office suite
* E-accounting
*ERP On Demand

External links

* [http://dmoz.org/cgi-bin/add.cgi?where=Business/Accounting/Firms/Bookkeeping_and_Tax_Preparation Bookkeeping and Tax Preparation]
* [http://www.online50.net/ Online Accounting and Business Software]
* [http://dbclic.com Credo by dbclic.com]