A revolution is taking place in small business accounting. While traditional desktop products such as QuickBooks and Sage 50/Peachtree continue to hold the lion's share of the market, newer solutions are gaining traction and changing how small businesses--and their accountants--record and report transactions. Many of these solutions are Cloud-based; some focus on niche markets, and a few provide functionality such as workflow that has been difficult for smaller organizations to obtain in the past. Join us in this session for a fast-paced and highly informative discussion on how the new breed of accounting solutions will change accounting for small businesses.
Upon completion of this session, you will be able to:
- List major enhancements to traditional desktop accounting software for small businesses
- Define 'collaborative accounting,' how it changes accounting procedures and processes, and how it potentially improves efficiency and accuracy
- Differentiate between leading Cloud-based solutions for small businesses, including QuickBooks Online, Wave Apps, Xero, FreshBooks, Kashoo, and Bill.com, based on feature set and target markets
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