Day: November 13, 2008

Online Accounting Comes Of Age

Accounting software has long been a drag on business. The new breed of accounting software delivered online is really changing that by enabling business owners to get close to the numbers easily.

One person companies can look professional, save time and have stronger tracking capabilities. Larger businesses can co-ordinate staff, simplify processes and streamline cash flow by removing the delays and hassles associated with old style software. This all adds up to full visibility on their business from distant horizon to macro close ups.

Everyone is online, all the time now. So customers, suppliers, activity tracking, invoices, time sheets, inventory, general ledger, profit and loss, tax summaries and payroll are all in one spot and integrated with your banks and tools of choice.

We like this space so much we invested in early last year and since then it has really taken off with numerous awards, a new look and feel and moving international with support for 50 countries, their blog has more details – including a much improved presentation on the SaaS Ecosystem which I originally presented at Cebit last year but has now been taken to a whole new level.

There are also a bunch of specialist commentators springing up around the world looking at this space in more detail, one of note is Ben Kepes with Cloud Ave (who recently reviewed saasu and their peers Freshbooks, Less Accounting, Xero and more).

Image courtesy of the wonderful ‘Sculpture By The Sea‘ public art program run annually (for a limited time only) on the coast of Sydney between Bondi and Bronte beaches in late October each year. Sculpture By The Sea is a MUST SEE for Sydney locals and visitors alike.