What are the drawbacks of Online Accounting Software?
There aren’t many drawbacks to using online small business accounting software. Some possibilities are: – Availability of internet connection. Since the software is accessed online, you must have a working internet connection to use it. 10 years ago this may have been an issue. But these days, the internet is extremely reliable. Access from your home or workplace is very low cost. Access in public places, such as libraries or coffee shops, is widely available. – Vendor Longevity. What happens if the Online accounting software vendor goes out of business? In the case of software running on your local pc, at least you still have the software even if the vendor is gone and you have no support. This is no different, really, than any vendor you depend on. But, typical online small business accounting software provides you with a way to export and backup your data, which could be imported into another system. Another possibility is that the online accounting software vendor will make the sof
