The
role of accountant has changed in the modern era. In the years gone by a good
accountant would be considered a fundamental requirement when starting a
business. The advice in all matters related to the business was considered to
be very important in order for the business to be successful. With the
development of internet the role of accountants in small businesses is being
questioned. He advice and suggestions that accountants charged for is now
available for free all over the internet. On top of that, the advent and rise
in accounting software has made things easier than ever for small businesses to
keep company records in good shape.
Why online accounting
software has gained popularity with time?
When
bookkeeping was inaccessible to business owners, the cost spent on a
professional accountant was considered the right one and a smart one. The
charges vary from accountant to accountant, from per rates to fixed fee.
Whatever the cost structure might be, a basic accounting software can be
available for something around $5/month.
Software
can work or provide information 24/7 whereas an accountant cannot do that. As a
startup r small business one will always be working beyond the scheduled time,
hence having rigid accountant hours won’t help. It will be more of a problem if
there is a deadline to meet.
Despite
the fact that you may sign confidentiality agreements with the accountant, the
private information will still be shared with the 3rd party
regarding your business which is never ideal. There might be a benefit of
getting second opinion but the software provides you confidentiality and the
required information.
With
time accounting software has become user friendly, as there are products
available that do not require the user to have accounting knowledge. This gives
tradesman opportunity to control their financial affairs.
It
is important to get the right software which will meet your needs. There are
quite a few packages available in the market aiming at different businesses.
Owners should think and do some research before getting accounting trial balance software.
