Australian accounting software has changed over the years. The software used to be purchased off the shelf or by downloading the software via the internet or via disc.
The problems with the traditional Australian accounting software were many. Some of these problems were as follows;
- The software was not always updated by users which means you were not getting the latest functionality, added features and the latest rates ie payroll.
- When you purchased a license, it was only for one computer or a certain number of computers which got expensive.
- The client’s data was saved on a USB drive to put in another computer which compromised on security. Also, by taking the USB offsite, that would also cause a security risk.
- Backups were time consuming, complicated and costly. Also, sometimes backups were not even done so if a problem arose ie your computer had a virus, you would lose most or all of the data.
- Customer support used to be slow and not cost efficient
Now, thanks to advancing technology, the Australian accounting software is cloud-based. As it is internet based, you can access the cloud-based Australian accounting software from any device. You can also send an invite to your accountant to access your software to assist you with any queries and to make periodic adjustments to your data. Other advantages of using cloud-based accounting software are the activation of bank feeds which means your accounts are up to date daily. The cloud-based accounting software is easy to use and cost effective. Another advantage is you no longer need to install any software on your desktop computer(s). Cloud-based accounting software is subscription based ie monthly.
Previously, I would only use one accounting software from the one provider. Now I can support most of the popular Australian Accounting Software. We provide support to you if you use any of the following Australian Accounting Softwares;
- Xero Accounting Software
- MYOB Accounting Software
- Quickbooks Accounting Software
So basically, you can use any Australian Accounting Software for your business. There is a cloud-based accounting software to suit any sized business and at a cost that would fit within your budget.