What to Look For in Online Accounting Software

Odds are, if you’re considering switching your current accounting solutions to cloud solutions or online accounting software, then you’ve already done a little research and are aware that it can offer small businesses an affordable, highly accurate means to handle their accounts, payroll transactions, and monitor their financial operations.

Online accounting software

With so many options out there, however, how can you, as a business owner, know how to tell the difference between the good and the better?

Here are a few features you may want to look out for when choosing your online accounting software provider.

Mobile Access

One of the greatest benefits available to online accounting software users should be mobile access, meaning that you can access your financial data from anywhere, at anytime, and from multiple devices.

This gives you greater control and flexibility, and can allow you to share information with relevant co-workers with minimal fuss and security risks.

Unlimited Data

Cloud-based solutions to manual problems have one benefit that even other comparable in-house solutions cannot offer you (or, rather, at least not without accruing significant additional costs) and that is the potential for unlimited data usage.

While many online accounting software providers will offer this to users, many will also charge extortionate additional costs for the privilege.

Seek out a provider who offers unlimited data as part of a monthly subscription fee, and reap the benefits as your business grows without also reaping the drawbacks.

Cloud Storage

Numerous providers of accounting software will not offer cloud storage, but this limits your ability to check in with your financial health on-the-go, and can potentially pose unique problems when your business grows, and you require more space for your increasing quantities of data.

Furthermore, cloud storage does not introduce any upheaval, while non-cloud-based solutions can often require substantial software installation.

Secure Servers

Financial information is inherently sensitive and should always be treated carefully, and with the utmost respect.

As a result, it is vital that you probe any potential online accounting software providers about their security measures so that you can be sure that you and your business are in safe hands.

A Free Trial

Any provider who has real confidence in their product is likely to be willing to offer a free trial period for you to get to grips with the online accounting software and get a real feel for how well it suits you and your business.

If you think online accounting software could be a good solution for your business, contact eFolio Accounts Ireland on 353 21 2348062, who offer all of these features and more.

We also have a free (no credit card required!) 30-days trial so that you can try our best service!