What is Online Accounting Software?

Online accounting software applications can be leveraged by companies to keep track of their financial activities. Top features include reporting and payroll modules, accounts payable/receivable, and general ledger. In addition, specialty apps have extra functionality designed for particular markets. Online accounting software tools can be accessed via the internet and you don’t need to install them on your company computers. This minimizes IT requirements such as hardware, maintenance, and backups. Plus, you don’t need to shell out huge upfront expenses but only need to pay a monthly or annual subscription charge to access and use the web-based software.

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