Online & Cloud Accounting Systems
One of the momentous developments over the last couple of years has been the advent of online or cloud based accounting systems.
These systems greatly enhance the speed with which your records can be brought up to date. The potential now exists for small businesses to keep their records live and completely up to date.
The benefit of this needs no explanation to anyone who has ever run a business. One further advantage I would like to point out here is the ability to talk through accounting issues with your accountant, while you remotely view the same screen.
Xero Online Accounting
Xero Accounting has developed a cloud based system that receives feeds from your bank (certain Irish banks only) and attempts to match them to invoices on your system.
Sage One Online Accounting
Sage One also provides a quality secure online accounting package at a price affordable for small businesses.