5 Ways IT Can Ease Small Business Accounting

Ever hear a story about a business owner who enjoys accounting and bookkeeping? Some say he lives in Tulsa, others claim it is a woman in Fresno. I think it is an urban legend.

Small business owners tend to dislike crunching numbers because it takes too much time, can be too confusing or it involves expensive, hard-to-use software. The result: 64 percent of businesses manage their money half-heartedly out of shoeboxes and spreadsheets, or generally lack a solid accounting system,according to SimCorp USA Inc. and the Financial Executives Consulting Group.

You can take control. Here are five ways that online technologies will save you accounting time.

Head to the cloud, eliminate software

For a small business, turning to the cloud can provide a plethora of accounting and money-tracking applications that have very clear advantages. Such advantages enable users to work from anywhere, on any computer that has a browser.

All of these solutions work on a Mac or PC -- there are no limitations.

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