online accounting final 0686v4

8/14/2019 Online Accounting Final 0686v4

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www.icaew.co/itfac

ONLINE

ACCOUNTINGSOFTWARE


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Secure online accounting made easy.t:08456-800-471 e:[email protected]

No more drowning in paper

No more waiting for information or collecting files

No more time consuming software installations and upgrades

No more unnecessary and costly mistakes

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Freedom from EvilTraditional accounting is at an end


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by LesLey MeaLL

ONLINeaCCOUNTING

sOFTWaRe


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Thi rport i pulih th Informtion Tchnolog Fcult of th Intitut of Chrtr

accountnt in engln n Wl. Th viw xpr o not ncril rflct tho of th

Council of th Intitut.

Copright 2008 ICaeW

all right rrv. No prt of thi puliction m rprouc, tor in rtrivl tm

or trnmitt in n form or n mn, lctronic, mchnicl, photocoping, rcoring or

othrwi without th prior prmiion of th pulihr.

No rponiilit for th lo occion to n pron cting or rfrining from ction rult of

n mtril in thi puliction cn ccpt th pulihr.

IsbN 978-1-84152-632-4


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CONTeNTs

1. INTROdUCTION 4

2. BENEFITS 6

2.1 avntg of Onlin approch 6

2.2 Gtting Clor to Clint 6

2.3 bnfit for th smllr buin 7

3. CONCEpTS 8

3.1 Th Rquirmnt for Onlin acc 8

3.2 softwr srvic 8

3.3 sft n scurit Conirtion 9

4. ChOICES 10

4.1 Coniring th Option 10

4.2 bfor n aftr 11

4.3 supporting Collortion 12

4.4 Coniring Cot 12

5. RISkS ANd REWARdS 14

5.1 Potntil Concrn 14

5.2 Protcting your Invtmnt 14

5.3 Fr n Trut 15

6. REvIEWS OF ONLINE ACCOUNTING pACkAGES 16

WinWebOnlineOffice5 16

accountsIQ 18

LibertyAccounts 20

LiquidAccounts 22

Sage50AccountsProfessionalOnline(fromSage)andOnline 2450(fromITInsideOut)

7. SUppLIER dIRECTORy 26


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onlin ccounting tm n th onlin vrint of

tritionl on-prmi tm. you cn r out thi in

sction 4: Choic.

Thr r ozn of onlin ccounting n ookkping

offring vill, rnging from ntr-lvl prouct

im t uin popl with no ookkping xprinc,

to mor ophitict tm im t uin with

in-hou finnc xprti, n thi gui will lit

lction of thm in sction 7: supplir dirctor. It will

lo tk clor look in sction 6: Rviw of Onlin

accounting Pckg, whr ou cn fin out mor out

th following pckg:

WinWeb;

accountsIQ;

LibertyAccounts;

LiquidAccounts;

Sage50AccountsProfessionalOnline andOnline50.

No icuion of onlin ccounting tm cn tkplc without mntioning th unrling tchnolog. so,

whthr ou r tring to unrtn trminolog uch

appliction srvic Provir n softwr srvic,

or grppling with ron connction n rowr,

ou will fin tchnicl trm of rfrnc n concpt

xplin in clr, non-tchnicl lngug, in sction 3:

Concpt.

With th upport of thi gui, finnc profionl who

r coniring onlin ccounting houl l to

pproch th ciion-mking proc from n inform

poition, with n pprcition of th pro n con,

prcticl conirtion, n finncil impliction of th

choic th mk.

ONLINE ACCOUNTING SOFTWARE | sOFTWaRe GUIdes |5


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accountnt hv hitor of xploiting informtion

tchnolog, n our nthuim for th prht

hlp to kick-trt th pronl computr rvolution

ck in th 1970. but mn finnc profionl r

prunt with tchnolog th r with othr popl

mon, n ovr th pt c th hv wtch from

f itnc whil mor vnturou ccountnt took

awalkalong(andsometimesover)thebleedingedgewithonlin ccounting tm.

2.1 AdvANTAGES OF ONLINE AppROACh

For mn ccountnt thr i till wning chm

twn pprciting th potntil of w-

ppliction n mking th lp of fith rquir to u

thm, ut ovr th pt r th numr of vill

tm h noticl incr n th numr of

uin n ccountnt uing thm h on likwi.

In n r whr th lctronic filing of ttutor rturn i

incringl th norm, onlin ccounting now m l

lik ig rik n mor lik n i who tim h com

ringing om ignificnt uin nfit long with it.

On prcticl lvl, uing th intrnt to cc n

mintin uin ccounting rcor cn mk tk

uch ookkping, ccount prouction, n proll

minitrtion, much ir for vron involv. Th

onlin pproch cn lo limint mn of th tk

ocit with intlling, upting n mintining

th hrwr n oftwr n to run tritionl

on-premiseapplications(fromback-upstosystem

upgrades),andreducetheneedforin-houseITexpertise.

all of thi cn hv poitiv impct in r uch

tim mngmnt, prouctivit n flxil working

prctic. bcu ccount t cn cc ntim,

nwhr, n uthori iniviul with intrnt

cc n rowr, ccount cn work on

whnvr n whrvr it i mot convnint, uing n

vic with intrnt cc vn our moil phon.

so tho who n to, cn hr informtion quickl n

il, which minimi th n for r-king n th

potntil for input rror n miunrtning.

Th onlin pproch lo h finncil nfit. sving

tim n working mor fficintl cn ovioul v

mon, n ing l to upgr our hrwr whn

itsuitsyou(ratherthanthesoftwaresupplier)canhelp

to minimi our quipmnt cot, ut ou cn lo look

forwr to om hrr finncil nfit. bcu ou r

ffctivl rnting oftwr n t torg, th up-front

cot r lowr, n th ocit monthl/rl cot

r fix n prictl.

2.2 GETTING CLOSER TO CLIENTS

Prpctiv i vrthing, n om of th potntil

nfit of onlin ccounting will rt highr with om

ur thn th o with othr. so ccountnt in prctic,

2.beNeFITs

6 | sOFTWaRe GUIdes | ONLINE ACCOUNTING SOFTWARE


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3.1 ThE REqUIREmENTS FOR ONLINE ACCESS

If ou n to fl to Ini on uin or n prcl to

Irln o ou purch our own pln or t up our

own intrntionl itriution ntwork? Of cour not.

buing th outright i much too xpniv, o ou tk

mor conomicl pproch n p mll mount

ch tim ou u ithr of thm. Mnwhil, th irlin

n th courir tk cr of vloping n running thrvic, hnling mnpowr, mintnnc, logitic,

curit n o on.

although thi i not prfct nlog, t th implt

lvl th m mol i u to provi onlin cc

to ccounting fciliti n vriou othr oftwr n

tm. Th r long gon whn th onl w

to cquir oftwr w to u it, n th onl w to

cc it w to intll th on-prmi ppliction on

th hr ik of our computr. Now tht th oftwr

prouct mol h n join th softwr

aServicemodel(seeWhatsinaname?onpage9),you

cn p for tm on pr u or ucription i,

n vn tk vntg of fr cc to oftwr ntm.

To xploit thi pproch ou n n Intrnt srvic

Provider(suchasBTorOrange)toactasgateway

betweenyourcomputersystemandtheinternet;you

n tlcom connction to o it ovr, computr to

doitfrom,andaweb-browser(suchasFirefox,Internet

Explorer,orSafari)todoitthrough.(Itisworthnoting,

tht om onlin ccounting rvic r not comptil

withallbrowsers.)

you prol lr u om or ll of th thing

on -to- i. Uing thm to cc n onlin

ccounting tm houl no mor chllnging

thn ning n rciving -mil, urfing th w, or

rching with Googl, long ou hv m th tp

from il-up mom to ron connction or

ict l lin th ftr n mor rlil th

connction, th ttr.

3.2 SOFTWARE AS A SERvICE

SoftwareasaService(SaaS),whichispronouncedsass

(likemass),isamodelfordelivering(ordeploying)

oftwr tht utili ll of th tool, n th intrnt,

to provi cutomr with cc to oftwr. bcu

th oftwr ppliction liv on thir rvr, rvic

provir cn rliv ou of th urn ocit with

-to- mintnnc, tchnicl oprtion, upport,

n th rlntl upgr ccl. bcu our t liv

ontheirservers(notontheharddiskofyourcomputer),

th rvic provir cn lo rliv ou of om of th

urn of uin continuit n itr rcovr

plnning.

3.CONCePTs

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3.3 SAFETy ANd SECURITy CONSIdERATIONS

som th fct tht our t ri with rvic

provir mor of wkn thn trngth, cu

of th control iu it ri n th ft n curit

ilmm it cn potntill crt. ech of ou will hv

toweighuptheprosandconsforyourselfand(if

appropriate)yourclients.Ifyouhaveeverusedafree

-mil tm uch Hotmil or yhoo! thn ou hvlr xprinc th ss pproch, n om of it

vntg n ivntg.

In th c of onlin ccounting tm, our ccounting

t i tor in t on th rvr of th

orgnition tht i proviing our rvic, in th m

w our -mil r tor on Microoft rvr

t rmot t cntr. so th rvic provir tk

rponiilit for th ft n curit of our ccount

t which cn lot l cr thn it m.

Clrl, ou o not wnt to trut jut non to tk

cr of our nitiv privt t, ut goo provir

of onlin ccounting tm will hv th tchnolog

rourc, oprtionl procur n tchnicl xprti

to gur our t much ttr thn ou coul vr hop

to. dt will ncrpt uring trnfr twn our

point of cc n th rvic provir, tor t cur

t cntr, n rgulrl ck up. you cn r mor

out thi, n th n for u ilignc in sction 5:

Rik n Rwr.

WhATS IN A NAmE?

Th informtion tchnolog inutr lik it adsL

n IsdN much th finnc profion lik it

ssaP n sORP, o th worl of onlin ccounting i

not hort of cronm n rvition. Unl ou

r hvil into tchnolog, rmmring wht th

finition tn for cn chllng, n tring to

figur out wht th mn cn m lik n xrci in

mntic.

Th rrch gint Grtnr rk softwr srvic

(SaaS)downintoanumberofdifferenttypes:Business

ProcessOutsourcing(BPO),applicationoutsourcing,

hosting,traditionalSaaS/ASP(ApplicationService

Provider)model,process-basedapplicationsusingSaaS/

BusinessProcessManagementSystems(BPMS)asa

pltform, n bPMs ss-nling pltform. all of

th r fin lightl iffrntl, n th r jut

th tip of th icrg.

bon thi, th it n t com vn mor

complict. How complict, pn on ourprpctiv n how much til ou wnt to go into.

som ss vnglit r vr touch out wht ort

of oftwr ppliction n rvic provir houl

uing thi trm of rfrnc. so provir uch

sg, tht r offring intrnt cc to vrion of

thir tritionl on-prmi ppliction, r omtim

rfrr to offring th m ol oftwr

rvic.

For mn ccountnt thi will irrlvnt th

tchnolog tht unrpin th ss pproch. Mot of

ou will jut wnt to unrtn nough to mk n

inform uin ciion, not uil our own w

rvic or hol long, complict icuion out thiffrnc twn asP, on-mn computing n

th ss livr mol.

Tchnicll, thr r iffrnc twn th thr. but

vn th tchnolog inutr cnnot gr on prcil

wht th trm of rfrnc mn n, for th purpo

of onlin ccounting tm, mot of ou cn gt w

with rgring thm intrchngl.

ONLINE ACCOUNTING SOFTWARE | sOFTWaRe GUIdes| 9


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Th numr of ookkping n ccounting tm

vill onlin i growing, o ccountnt r not hort of

tm to choo from. Th rng from ic chook

tm, through multi-lgr tm, to full-lown

entrpri Rourc Plnning tm.

som offring r im t mll uin ur with

ic ookkping n n littl or no ookkping

xprinc, whil th mor full ftur tm hv

n ign for multipl ur with finnc xprti,

n m im t orgnition with mor complx

multi-it t-up, o th ignificnc n vililit of

trining n upport will vr. Khflow, for xmpl,

ot tht it ntr-lvl tm h n ign

mll uin ownr, to u mll uin

ownr, n with olutl no trining, whil ur of

th Ntsuit eRP OnWorl r offr rng of trining

cour, uch four- cour for minitrtor.

Onlin offring vr wil in mn othr rpct too.

Mot of th vill tm provi cc to thir

own propritr ccounting oftwr whil om u

th softwr srvic pproch to provi cc to

systemsfromestablishedsupplierssuchasCoda(Coda

2go),Sage(Sage50AccountsProfessionalOnline)and

SAP(BusinessByDesign).Therearesystemsthatprovidea

cashbook(forbusinessusers)andfull-blowndouble-entry

bookkeeping(fortheiraccountants),systemsthatoffer

accountingsoftwareintegratedwithpayroll(thoughmany

donot),andsomeeventargetspecificmarketsegments.

On uprficil lvl, ou cn tll lot out wht ort

of tm ou r ling with from th hom pg of

th wit. Go to Frgntcntrl.com n ou

canseethattheserviceisaimedatfreelancers;goto

Lirtaccount.com n ou cn tht th tm h

beendevelopedforsmallbusinesses;gotothisispearl.

com n ou cn tht Prl i full-ftur eRP with

stronge-commercefacilities;gotoWinWeb.comandyou

cn tht Offic accounting i complt mll uin

infrtructur. but whn ou r chooing n onlin

ccounting tm it will p to look on th oviou.

4.1 CONSIdERING ThE OpTIONS

all of th tm vill r going to hnl ic

ookkping, ut thr i no on iz fit ll olution, n

thr r lot of vrition in trm of vill ftur,

of u, pricing mol, upgr pth, n mor. you

cn mk ourlf prht tiling rquirmnt

uch :

Accountingfornon-profitentities;

Abilitytoimportandexportdatatoandfromother

softwaretoolsandspecialistsystems;

Availabilityofadd-ons;

4.CHOICes



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Chooing th right tm from th vill onlin

offring i multi-fct n potntill complx

ciion mking proc. How wll th tm mt our

n will trmin, to lrg xtnt, how wll

ou n th rvic provir unrtn thm n thi i

prticulrl rlvnt to ccountnt in prctic.

4.3 SUppORTING COLLABORATION

bcu of th clo working rltionhip prctiing

ccountnt hv with thir clint, th n to l

to hr ccounting t, n mn provir of onlin

ccounting tm hv ign offring tht upport

thi collortion. a fr th mchnic r concrn,

ll onlin ccounting tm cn xploit th intrnt to

nl th ccountnt n th clint to hr t, n

work mor clol togthr, ut on thi thr r

mn iffrnc.

Mn onlin ccounting rvic provir offr

prctitionr control pnl which provi n ovrviw

of thir onlin ccounting clint from which th cn

cc thir ccounting t. a ou will in th prouct

rviw ction, th cn provi prctitionr with om

uful minitrtion n rporting fciliti. but not ll

onlin ccounting tm hv n crt qul n,

with t lt on of th offring out thr, ccountnt

cn onl look t thir clint t opning ri of

nw rowr winow.

diffrnt prctitionr will hv vr iffrnt prioriti.

On firm m wnt to fin tm tht coul potntill

u to rvic ll of it clint, whil nothr firm will

opt to rvic clint with rng of onlin ccounting

tm. som firm will comfortl ncourging thir

clint to u tm tht h intgrt proll, whil

firm tht offr clint proll uru rvic m thi

potntil conflict of intrt.

4.4 CONSIdERING COSTS

On of th ig lling point of onlin ccounting

ppliction i tht th llow ou to ffctivl rnt

cc to oftwr n tm, n th vriou pric

n pricing tructur look goo longi th nnul

mintnnc chrg of on-prmi tm. but with

n rntl grmnt, th vil i in th til.

Someservices,suchasWinWeb,arefreetosomeusers;

mot thir chrg on th numr of ur, ut th

w th o thi vri. som chrg on-off f. you

cn ign up to om ucription rvic on monthl

basis(andleaveatanytimewithoutlosingmoney),butou cn lo quot monthl ucription chrg,

n thn k to commit to n nnul contrct.

Mn rvic provir hv prtnr pln for

ookkping n ccounting firm tht wnt to offr

onlin ccounting to clint, n thi i n r whr

xmpl, i ss offring ign for u on th Forc

pltform of slforc.com, ut th ppliction it offr

cn u iniviull, togthr, or to upplmnt n

on-prmi ccounting tm.

Th rltiv trngth n wkn of tlih

rvic provir n nw mrkt ntrnt n

coniring. Whil it woul hort ight to imi

rvic provir impl cu th r nw to th

mrkt, it woul imprunt not to fctor thi into th

ciion-mking proc. It i worth oing om u

ilignc n looking into th ckgroun, ownrhip,

finncil trngth, n longvit of th upplir on our

hortlit. etlih i not utomticll mor tl or

finncill cur, n mor thn nw i utomticll

mor cot-ffctiv or innovtiv.

bfor ou mk choic, it i lo vr importnt to look

t th rvic lvl grmnt on offr, n k th rvic

provir om ifficult qution:

Whatsystemavailabilitydoestheservicelevelagreement

gurnt n wht comfort r th pnlti likl to in th vnt of filur?

Howoftenandhowlongarescheduledmaintenance

winow?

Think crfull out upport:

Istherea24-hourhelplineyoucanphone?

Whatsortofonlinesupportisprovided?

Howissupportresourced?

Wherearetelephonesupport staffphysicallylocated?

Howmanyendusersdoes theserviceproviderneedto

upport?

For mn potntil ur of onlin ccounting tm th

iggt rrir to option i th ft n curit of

t or th prciv lck of it. so thi i n r tht ll

uin houl p prticulr ttntion to. In prticulr

th houl:

Findoutwhattheserviceprovidersback-upprovisions

r. How oftn o ck-up tk plc? Wht ort of

uin continuit pln r in plc?

Checkonthephysicaland logicalsecurityprocedures

t th t cntr, n o not tk rvic provir

urnc on trut.

Getreferencesfromtheserviceproviderandspeakto

xiting ur.

you hv to ur tht ou n our clint r going to

hpp putting uin criticl t n proc in

theirhands(seeSection5:RisksandRewards).



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thr i grt l of vrit. som upplir hv crt

pln tht r multi-tir, proviing th ccountnt with

varyingdegreesofmarketingandsupportbenefits;some

offr inucmnt to ncourg prctitionr to opt for

prticulr rvic provir.

all propctiv ur of onlin ccounting tm houl

look crfull t wht ucription u. som provir

offr rng of fr n pi-for -on n othr

rvic, whilt om offr fr torg pc which cn

put to goo u, if ou cn u it for nthing ou lik, o

chck. Fin out how much th hoting compn inclu

in th pckg n wht ort of itionl chrg ou

cn look forwr to if ou xc thi.

a ou cn from th comprion of sg account

Profionl Onlin, which i provi irctl th

oftwr vlopr sg, n Onlin 50, which i provi

bytheonlineserviceproviderITInsideOut(onpages

24-25),thedifferingapproachestochargesandlicensing

cn crt mjor pric iffrntil, vn whn ou

r compring iffrnt offring of th m oftwr

prouct. so ou rll n to o our um proprl

for ou mk n commitmnt.

ONLINE ACCOUNTING SOFTWARE | sOFTWaRe GUIdes | 13ONLINE ACCOUNTING SOFTWARE | sOFTWaRe GUIdes |13


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Th potntil nfit of onlin ccounting tm hv

n covr in sction 2, ut it i importnt to conir

om of th potntil n prciv prolm r

too.

5.1 pOTENTIAL CONCERNS

On of th prciv nfit of onlin ccounting tm

i tht ur r not rponil for th intlltion,

upgr n mintnnc of on-prmi oftwr, ut

it i worth rmmring tht thi coul hv owni.

Whn ou r running pckg oftwr on our own

systems,yougettochooseifandwhenyouupgrade;with

SaaSyougenerallyhavenochoice(thoughtheservice

provir IT Ini Out offr n ltrntiv, ou cn

inSection6:ReviewsofOnlineAccountingSystems).Ifa

ss provir mk n upgr tht introuc nw

vrion of th tm which h tthing troul or

chng functionlit in w tht h ngtiv impct

on our uin, ou will n to know wht our option

r.

Th with which uthori popl cn hr t lo

h potntil owni. For vr uin tht provi

thir nk n othr invtor with opn cc to liv

ccounting t, n u it w of improving n

strengtheningtheirrelationship(ormaintainingliquidity),

thr will uin tht i horrifi th poiiliti

tht thi coul crt. a th lctronic filing of ttutor

t com vr mor mntor, om m lo

concrn tht HM Rvnu n Cutom will vntull

wnt to cc uin liv ccounting t irctl.

5.2 pROTECTING yOUR INvESTmENT

Th iu of futur proofing our invtmnt i

ignificnt on. you n to know tht our ccounting

tm cn grow in iz n cpiliti n whn

th uin rquir it, whthr it i n on-prmi or

onlin olution, ut thr r om ignificnt iffrnc

prticulrl for mll uin ur. Th tlih gint

of th tritionl oftwr mrktplc, uch Intuit

n sg, offr rng of prouct with vriou lvl

of functionlit n clilit, n clr upgr pth,

n thi i not th c with mn provir of onlin

ccounting tm which coul crt prolm furthr

own th lin.

Th iu rlting to tlih vru nw ntrnt

r mn, n w lt with om of thm in sction 4:

Choic. etlih i not utomticll mor tl or

finncill cur, n mor thn nw i utomticll

mor cot-ffctiv or innovtiv. but th qution of

how long om of th nwr ntrnt to th mrkt will

roun cnnot ignor, prticulrl in th currnt

conomic climt, whn funing ourc r crc vn

for thriving long-tlih uin.

5.RIsKs aNdReWaRds



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wr tor on our own hr ik on our own prmi

n ck up il uing our own tp riv.

you cn chck tht th rvic provir i uing 128-

bitencryptionandSecureSocketsLayer(SSL)protocols

uring t trnmiion. you cn r it urnc

tht it i toring our t on rvr tm with multi-

tir firwll protction n no xtrnl riv, Usb-port

or printr, which i hou in n nvironmnt whr

mplo hv n crfull crn n phicl

curit i controll iomtric cc tm.

Thn ou cn confirm tht imilr curit lvl cn

foun on th rvic provir ck-up it, n k for

til cription of thir uin continuit n

itr rcovr pln.

but th ottom lin i tht unl ou chck ll of th

logicl n phicl procur ourlf2, ou r going

to hv to trut our rvic provir n if ou cnnot

o thi, thn m onlin ccounting tm r not for

ou.

WhAT ThE USERS SAy

Onlin ccounting i th w forwr, cu it fit

wll with th w mn mll uin oprt,

on ol prctitionr.

W th mrkt in trm of mll, pcilit clint

n lrgr clint, th oprtion irctor with

on ig firm, tht i offring it clint choic twn

thr iffrnt onlin ccounting tm.

accountnt houl look crfull t th pro n con

of ss for th jump in, on ccountnt who

lr h, cu it i not right in vr cnrio for

vr uin.

I hv full cc to m ccounting hitor onlin,

on mll uin womn, n cu m ccountnt

cn lo cc th tm irctl, th whol proc i

trnprnt, n prolm r to ort out.

W u to -mil t to th ccountnt n gt

nominl journl fx ck for u to proc, th

ccount mngr for firm of rchitct. doing our

ccount onlin v tim t oth n n ruc th

n for ppr filing.

I know tht m ccounting t i ck up onto

omon l rvr vr , on uin ur,

ut I onl fl cur if I know tht w hv on our

own ck-up too.

2 Or rely on a report under such a framework as SAS 70 or the

ICAEWs ITF 01/07 guidance in respect of third-party reviews.

Th mrkt for onlin ccounting tm h com

incringl nl popult ovr th pt r,

n conolition m invitl. som mrkt

commnttor hv uggt tht th rcnt glut of nw

ntrnt h n prompt invtor who r kn to

thir uin ought th lik of Googl, Microoft

orElderstreetInvestments(runbytheformerSage

chirmn Michl Jckon, n rumour to hoppingforanonlineaccountingprovider).Soatsomepointinthe

futur thr i going to goo nw for om provir

andtheirusers,andbadnewsforothers;thoughno

mttr which rvic provir ou opt for, ou r tking

chnc, of ort.

Howvr, fr th iggt concrn for mn uin

tht r coniring th potntil of onlin ccounting

oftwr rlt to th unrling livr mol. Million

m prpr to xploit th softwr srvic

pproch whn it mn fr cc to -mil, ocil

networkingsites,andonlinespreadsheets(liketheonein

GoogleDocs),andmyriadtypesofoutsourcingmaybe

th norm for uin of ll hp n iz, ut mnfinnc profionl till onlin ccounting tm

too rik.

5.3 FEAR ANd TRUST

som ccountnt r unrtnl uncomfortl

with th i of vlul n nitiv ccounting t

ing tor on omo l hrwr, ccil onl

ovr th intrnt. Until fw month go, th nking

analogywasapopular(andconvenient)oneforputting

th concrn into contxt. Now, w r incringl

cpticl of urnc tht our mon i f in th nk,

n gurnt tht w cn gt cc to it n tim w

lik. Mn popl wnt to l to , touch n vn

mll it n imilr ntimnt oun whn it com toccounting t.

Rik mnt n mngmnt i complx r, n

mot uin ttmpt to tr to , mur n

prpr for it r oom to filur. If th crit crunch,

trrorit ttck n our incringl unprictl wthr

hv tught u nthing, it i tht th unthinkl cn

hppn, n tht whn it o, mot of u will wofull

unprpr for it. so th rik mnt xrci ou

prform for opting for n onlin ccounting tm

houl, in thor, thorough n xtniv.

In prctic, mot uin impl r not in poition to

nur tht it i n uch thing. evn if ou put normou

mount of tim n ffort into liting ll of th poil

rik, prioriti thm on th i of fctor uch which

r mot likl n which woul mot othrom, n

thn tk tp to prvnt, minimi n mitigt gint

thm, our t will nvr 100% f n cur with

n onlin rvic provir n mor thn it woul if it

ONLINE ACCOUNTING SOFTWARE | sOFTWaRe GUIdes |15


18/32

WinW OnlinOffic 56.

ReVIeWs OF

ONLINeaCCOUNTINGPaCKaGes

TARGET mARkET

WinWeb as conceie OnlineOffice as a colete infrastructure for

sall, self-eloe an start-u businesses wit 1-10 eloees.

So as well as an online accounting sste tat can be use b sall

business eole wit or witout te suort of teir booeeer

or accountant it offers access to a growing range of autoate or

on-ean serices, ranging fro e-coerce facilities an a secure

ata store to creit control an social networing for businesses.

COST

Te Stanar Eition of OnlineOffice is free for use b non-

coercial an not-for-rofit organisations, eucational institutions

an stuents; oterwise it costs 119 + vAT, an inclues access

to 24-our online suort. Te pro Eition costs 249 er ear.

Subscritions can be ai ontl or annuall an can be stoe at

an tie. Soe OnlineOffice serices are carge as otional extras.

If accountants in ractice becoe WinWeb artners (fro 100 er

ont) access to te Stanar Eition of OnlineOffice is ten free for

all of te firs clients, wic can reresent significant cost saings.

USERBASE

OnlineOffice is claie to ae aroun 300,000 users worlwie,

an ost of te conerte to OnlineOffice after WinWeb roe

AccountsOffice as a searate rouct. Aroun 120 of te are

WinWeb artners. WinWeb suorts OnlineOffice in six countries

Australia, Canaa, Irelan, te Uk, US an New Zealan, but as

actie users in aroun 55 (ainl Englis seaing countries),

incluing hong kong, Inia, Sout Africa an Singaore.

CONTACT dETAILS

Website: www.winweb.co

Teleone: 0845 299 7777

WinWeb as set u a eo coan for OnlineOffice tat can be

use b anone wo wants to tae a closer loo at te software.

Contact [email protected] for login etails.



19/32

on tuition on how to u th ch flow plnning tool

in Onlin Offic, tim-hr cc to profionl

whocanhelpbusinessestoplantheircashflow,and(in

i wip t t fctoring n invoic icounting

specialists)WinWebwillalsomanagecashflowonbehalf

of uin, liiing with thir upplir n ching

pmnt.

CONCLUSION

OnlinOffic 5 rprnt n mitiou pproch with

normou potntil, n it i wh with o mn goo

ideasthatitisimpossiblenottobeimpressed;butitisnot

without it rwck. somtim l i mor, n whn

mll uin popl viit www.winw.com for th firt

tim th coul o ovrwhlm tht th truggl to

crtch th urfc, lt lon t-up th chook, without

th upport of n ccountnt, ookkpr, or on of

WinW OnlinOffic aitnt.

Thi o not top OnlinOffic 5 from ing grt

tm, prticulrl for ccountnt. It i not vill

whit ll rn, o n-ur th WinW rning

n not th ccounting firm rning. but if prctitionr

wanttouseittoworkwiththeirsmallbusinessclients(or

evenoff-loadsomeofthefirmsownadmin)itcertainly

mrit furthr invtigtion.

OvERvIEW

WinW w vr rl ntrnt to th onlin ccounting

rn whn stfn Topfr trt th uin ck in

1994. In 1999, t th hight of th ot.com oom, h ol

hi othr ntrpri Ncmr, on of th iggt Intrnt

ServiceProvidersinEuropeatthetime(andnowpartof

Tiscali),andin2000hestartedtransformingtheWinWeb

offring into OnlinOffic 5, th on-mn mll uininfrtructur it i to.

Topfr wnt thi infrtructur to provi mll uin

with th infrtructur th n to propr, without

ovrxtning thmlv with fix t, xploiting

th intrnt n th softwr srvic mol to

crt conuit to gt iffrnt popl n orgnition

togthr. so, OnlinOffic 5 cn provi cc to lot

mor thn jut n onlin ccounting tm.

OnlinOffic 5 provi ur with cc to mging

centre(soe-mailsfaxesandtelephonemessagescanall

cc vi ingl point of contct n rng

ofdevices),onlineguidesandvideoseminars,website

uiling n hoting fciliti, n mor. Th 24/7 upport

inclu cc to virtul OnlinOffic aitnt who

cn hlp uin to ruc th min work ocit

with vriou uin proc n prtnr thm with

pcilit uch ookkpr n ccountnt, if

ncr.

Thi nl ur to gt hlp with ch flow plnning,

crit mngmnt, lngug trnltion, quot ourcing

n prcl collction, with mor rvic in th piplin.

Th WinW pproch to ntworking mn tht ur cn

ourc rng of prt-tim rourc vi OnlinOffic5,

vrti thir kill t n rvic to ch othr, n

uil thir own uniqu virtul ntwork to provi prt-

tim cc to rng of kill n rvic.

Th holitic on-top-hop pproch h much to

rcommn it to mll uin, ou cn if ou

conir jut on r: ch flow mngmnt. Th

prht-lik chook cn u to rcor mon

tht com into n go out of th uin, n cu

itisajournaltotheunderlying(tri-ledger)accounting

oftwr, ookkpr n ccountnt cn gt th oul

ntr prpctiv. an on-mn tool for ch flow

plnning intgrt with th ccounting tm, o th

ur cn ntr projct incom n xpn figur, n

th tm will utomticll upt th ctul n

whn ccounting t i pot n th ummr pg

lw how th wort n t-c ch flow cnrio

for th nxt 30 .

Mnging ch flow fficintl, ffctivl n il,

mn mor thn oftwr, o ll of thi i ck up

with rng of rlt rvic. Th inclu on-to-

ONLINE ACCOUNTING SOFTWARE | sOFTWaRe GUIdes | 17


20/32

accountsIQ

TARGET mARkET

Te online accounting an financial control sste accountsIq as

been esigne wit sall an eiu-size enterrises an teir

accountants in in. It is aailable in tree ersions: booeeerIq

(basic booeeing), controllerIq (wit enance reorting an

asboar) an enterriseIq (controllerIq lus sales an urcase

orer rocessing an stoc control oules). Users can ugrae

sealessl as an wen teir reuireents cange. Te sstes are

being targete riaril at tree areas of te aret: ulti-location

businesses, accountants in ractice an francise oerators.

COST

Users of accountsIq are carge on a er coan / er entit basis

an te rices een on te leel of rouct. Tere is an initial

contract erio of 12 onts. Accountants can coose between tree

ifferent leels: booeeerIq costs fro 20 er ont, controllerIq

costs fro 75 er ont er coan, an enterriseIq costs fro

115 er ont er coan, allowing one, four an four concurrent

users resectiel; so a coan can ae unliite users an is

carge onl on siultaneous access. hourl bac-us an online

el facilities are inclue in te rice. data transfer fro oular

on-reise accounting alications is aailable as a cargeable extra,

as is te consulting, ileentation assistance an on-site training

tat a be reuire for larger ileentations.

USERBASE

Wit users in te Uk, Irelan, te US, Australia, Inia an Euroe,

accountsIq as a ulti-national client base wic is reorte to ae

grown oer 200% in 2008 an tere is an aroxiatel 70%/30%

slit between accountants in ractice an en users.

CONTACTdETAILSWebsite: www.accountsi.co

Teleone: 01892 888425

Accountants in ractice can watc a brief eo of te sste an

wat it can otentiall o for teir fir at www.accountsi.co/

eo, an arrangeents can be ae to iew our ata lie on te

sste.



21/32

clint, long with informtion uch rvic tp,

reportingperiodsforvariousledgers(whichcanbeclosed

offseparately),andwhentheaccountsforeachclientwere

lt moifi. From thi winow it i vr to gt n

ovrviw of ll clint ccount n mov il twn

thm or compr thm, n it i poil to rill own

into liv n hitoricl t t ll lvl.

Thr i lo ulltin or ftur tht ccountnt

cn u to communict with on, mn or ll of thir

accountsIQclients,eitherviae-mailorusingthenotice

boardthatusersofaccountsIQandtheiraccountantscan

u to wp mg with ch othr. Th tm lo

featuresanautomatedtimerecordingsystem(whichfirms

cn opt to witch on onc th hv com fmilir with

accountsIQ)tokeeprecordsofhowmuchtimeisspent

working on th ccount of pcific clint n wht work

i crri out.

CONCLUSION

ThedifferentversionsofaccountsIQprovideapotential

upgr pth for wi-rng of uin tp n

iz, o ccountnt cn il vlop n utin thir

rltionhip with growing clint without th n to

familiarwith(orsupport)multipleaccountingapplications.

AlotofthoughtseemstohavegoneintoaccountsIQ,and

it cn offr prctic rll mrt w of xploiting th

potntil vlu- n rvnu-gnrting nfit

of onlin ccounting. If thi i wht ou r looking for, it

houl finitl on our hortlit.

OvERvIEW

accountsIQistheflagshipproductoftheIrishsoftware

compn Vior, which w tlih in 2004

Ton Connoll, formr prtnr with th top fiv Irih

ccountnc firm Frrll Grnt sprk. Th tm tht

trt Vior h mor thn 100 r xprinc twn

thm in igning n implmnting ccounting,

mngmnt rporting, n eRP tm n it how.

Th tm i mrkt ing n intllignt onlin

ccounting rvic n on invtigtion thi m to

firl ccurt cription on lot of lvl. Th t

ntr crn, for xmpl, look lot lik tho in mn

ccount pckg, ut xiting t i clvrl xploit

to implif n p up th input proc, with tmplt

u to utomt rptitiv tk, n cu th tm

h n optimi to run fficintl vn on 56kp

dial-upconnection(ifneedsmust)verylittledatatravels

up n own th lin n whn it o it i, of cour,

full ncrpt.

accountsIQhasbeendesignedtomeettheneedsof

franchiseoperatorsandaccountancypractices(someof

whicharenotdissimilar)notjustbusinessend-users.So

wll offring highl-cll onlin ccounting

tm with n xtniv ftur t n full multicurrnc

facilitiesatalllevels(includingbasecurrency,customer

currencyandbankcurrency),accountsIQalsooffers

uin n thir ccountnt impriv n xtniv

rporting fciliti.

Financialandstatisticalbusinessdrivers(akaKey

PerformanceIndicators,orKPIs)canbeeasilyselectedand

ipl grphicll from n xcutiv hor, to

rflct th prioriti of uin mngr or mmr of

th prctic. It h full rill own cpiliti, n w-

cc i vill from vrit of vic incluing

th blckbrr plu othr mrt phon n Pronl

digitl aitnt. Ovr 150 tnr rport r lo

uppli: th cn tilor n th on u mot

frquntl cn v, n th cn ll output n

xport in wi rng of formt.

Th potntil for cutomition i xtniv. In ition

to ing m vill whit ll rvic, tht

accountingfirmscanself-badge,accountsIQoffersfirms

th potntil to tilor ftur, t viw, mnu n

seriesofindustrytemplates(withdefaultsettings)that

cn rflct th n of iniviul clint, uch iffrnt

generalledgercodesandchartsofaccounts.accountsIQ

lo provi ccountnt with om grt tool for

mnging n mrkting th rvic th offr to clint

whoarealsousingaccountsIQ.

Firm go into clint ccount vi prctic lr tht

providesatoplevelviewofallofthefirmsaccountsIQ



22/32

Lirt account

TARGET mARkET

Libert Accounts online accounting software for booeeing an

aroll anageent as been esigne to be a brane serice for

accounting firs an booeeers to offer teir sall business clients,

an is also aailable irectl to owner-anage businesses an sole

traers. Te sste is onl arete to organisations in te Unite

kingo.

COST

montl subscritions for irect users of Libert Accounts start fro

29.50. Tis basic carge coers u to fie users, u to fie actie

aroll eloees, an 500 accounting transactions a ont. Extra

carges are leie for aitional users of accounting (2.50 eac) an

aroll (1.00 er eloee).

Libert roies a free co-braning serice to booeeers an

accountant artners, wo can ten offer Libert Accounts to teir

clients. montl carges for artners start fro 15 er clientbusiness, but artners eterine te rice te carge clients as art

of a rofessional serices acage.

Tere is no iniu contract erio, an ontl subscritions can

be stoe at an tie.

USER BASE

Oer te ast fie ears Libert Accounts as built u a user base tat

is riaril coose of artner accountants an booeeers, an

teir clients, an were ossible, te sulier encourages irect client

businesses to use Libert artner accountants.

CONTACT dETAILS

Website: www.libertaccounts.co

Teleone: 0845 230 9803

you can sign u for a one-ont free trial on te Libert Accounts

website. A nuber of ublic courses ae been organise for 2009

an etails are aailable on reuest.



23/32

NIC clifiction, fult VaT rt, n nominl co for

exporttostatutoryaccountspackages).

CONCLUSION

Th tm ppr to clr n logicl, n th

prnttion will fmilir to non who h vr u

mll uin ktop ccounting tm. Th crn

r prtt intuitiv, thr i plnt of contxt-nitiv

hlp, t ntr cn p-up with tch procing,

n Lirt offr goo rporting fciliti for mll

uin ur n prctitionr. It i tri n tt

tm with n tlih ur n it i cll

nough to hnl rng of clint, from frlnc rvic

compni n prtnrhip to not-for-profit ntiti n

uit thrhol iz mnufcturing compni.

It i worth noting tht if ou mov onto Lirt account

from nothr tm, th onl t ou cn ring with

ou i cutomr n upplir til n opning lnc,

n th multicurrnc ftur r limit to invoic

production(thoughthiswillbeenoughformanysmall

businesses).

Lirt account i co-rn prouct n th tm

cn tilor to rflct th firm rning right own

to logo n colour mking it look lik n xtnion

of th firm wit. Whn thi i coupl with ll of th

ov, n th conomicl pricing tructur, th tm

look lik vr ppling propct for mll firm n ol

prctitionr tht wnt to trmlin complinc work n

pn mor tim on vlu- rvic.

OvERvIEW

Lirt account h n vill on th UK mrkt

for th pt fiv r, n w vlop athn

stm. Thi inpnnt tchnolog compn h n

coming up with innovtiv oftwr olution for uin

proc inc 1996. Mmr of th tm hv work

for amricn expr, blck n dckr n ernt n

young, n n involv in offring onlin ccountingolution to ccountnt inc th rlit .

Lirt account w purpo uilt to nl ccountnt

to u th intrnt to work mor clol with thir mll

uin clint, n th ftur t i not unlik tho

ofmanysmallbusinessdesktopsystems;butitdoesnot

mirror th prouct prtion tht i tpicll ocit

with thm. It h got ll of th ookkping function ou

woul xpct from mll uin ccounting tm,

n om ou might not, uch tock control n

intgrt proll.

Th compn w quick to nl Lirt account for th

electronicfilingofyear-endPAYE(itgotHMRCrecognition

forthisforthetaxyearin2004/2005)anditwasthefirst

onlin ccounting tm to offr onlin VaT filing whn

th Govrnmnt Gtw trt ccpting lctronic

umiion in dcmr 2006 n Lirt VaT

cpiliti r comprhniv. It offr mtho for

hnling xotic VaT trnction uch eU cquiition

n th rvr chrg chm, it upport th tnr

n ch ccounting VaT chm, wll flt rt VaT

(whichiscalculatedonatransactionbasis,soitisalways

accurate).

Th ignr hv xploit th informtion tor in

uin ccounting n proll t to hlp firm

n thir clint to compl mor quickl n il with

othr UK tx rgultion too. although th P11d form

i not prouc Lirt, it o offr ccountnt th

fcilit to rcor n rport th P11d t tht i n

to complt th form. a wll offring P11d xpn

ocition with mplo, Lirt offr IR35 incom

n xpn ocition with contrct n mplo

n thr r lot of othr ftur n fciliti ign

to mk lif implr n l tim-conuming for th

ccountnt.

Th tm provi prctitionr with n ccountnt

control r, which giv thm cc to cro-clint

viw n rng of rport, wll highlighting k

tk n vnt t o tht th ccountnt n othr

mmr of th firm cn mng thir work fficintl n

ffctivl. From hr th tm cn tilor to rtrict

themenuoptionsforclients(andthereisarole-based

menusystemunderdevelopment),whiletheaccountant

rtin cc to ll of th ccounting ftur, n glol

accountsettingscanbeenforced(forP11Dclassification,



24/32


25/32

option, or log in n work on th clint ook. It i lo

poil to Liqui account in xctl th m w

th clint it, from thi crn, incluing th ltrntiv

trm of rfrnc, to minimi confuion.

Th tm t Liqui account hv tkn th prcution of

forcing tho uing th onlin tm to xrci littl

mor cution thn th might othrwi o whn it com

to curit. Int of login tht i on n -mil

r n pwor, th Liqui login upplmnt thi

with rnoml gnrt compn co n pwor,

plu urnm n pwor for ch iniviul ur

(makingiteasiertolocksomeoneout,ifneedbe).The

tm nmicll gnrt uniqu on-tim URL for

ch ion, n th ccounting n uin t tor

on th Liqui account rvr r hl in n ncrpt

formt ll of which offr high lvl of curit.

CONCLUSION

en-ur cn cc Liqui account vi th rvic

provir wit or th ccountnt wit, o th

onlin ccounting rvic cn look if it ing provi

th firm, n th ucription cn inclu in th

clint f.

bcu Liqui account h th potntil to xpn lik

moulr tm, long with th uin it grow, it i

scalableenough(intermsoffeaturesandconcurrentusers)

for ro rng of uin iz n tp to u, n

chrging for -on kp th pric comptitiv.

all of thi crt plnt of rvnu-gnrting poiiliti

for ccountnt who wnt to work onlin with clint,

without mtring multipl ccounting ppliction, n

if thi i omthing ou r coniring, it woul

mitk not to tk goo look t th Liqui account

tm.

OvERvIEW

Th Liqui account tm h longr hitor thn

mot of th onlin ccounting tm out thr. Th

currnt offring i on pok olution tht w

createdbackin2001bycharteredaccountant(and

financedirector)JonWright,foranationalfranchisorwith

thoun of mplo n offic cro th UK. bcu

Liqui account trt lif n ntrpri tm, itoffr pth of functionlit tht i unuul in onlin

ccounting tm, ut thi i clvrl concl with

vnr of implicit.

It i not unuul for oftwr vlopr to cri it

ccounting tm uing plin englih or ing jrgon-

fr whn in rlit it i nthing ut. Howvr, Liqui

account h ctull rmov from it tm lot of th

tchnicl finnc trminolog tht non-ccountnt fin

o confuing. ag t h com mon to collct,

nk rconcilition h com chck m ttmnt,

n rcipt hv com mon collct. Th lf

xplntor trm of rfrnc cn il turn ck

into ccounting pk, t tm t-up tim, if rquir.

Liqui account lo kp thing impl hving th

tm mirror th pth uin proc uull tk,

whil till rtining th look n fl of grown-up

ccounting tm. Thr r two vrion of th tm

Liqui account n Liqui entrpri, o mll uin

cn trt with th impl ntr-lvl tm, ing on

functionality(andusers)astheygrow.Amongthelarger

ur of Liqui entrpri r coupl of multintionl

tht run currnci n VaT in vrl countri, n hv

vr complx tock control n, o clilit houl not

prolm.

Th ignr hv tkn th implt pproch in othr

r too: rthr thn tri-lgr tm, thr i ingl

unifi t tructur, th crn r vr to nvigt

yourwayaround(thesystemlooksalotmorelikea

desktopapplicationthanabrowserpage),andthesystem

cn cutomi o tht iffrnt ur hv iffrnt

mnu titl pning on thir vriou n. en-ur

lo nfit from onlin cc to lirr of 140 humn

resourcesandemploymentdocuments(providedby

Sentient),coveringhealthandsafety,trainingandrisk

mnt, whilt othr complmntr rourc r

plnn for th futur.

Th Liqui Clint Mngr vrion of th oftwr i m

vill fr to ccountnt, offring ll of th ftur of

Liqui account, n mor, vi mnu tht u tritionl

finncil trm of rfrnc. Thr i ingl ummr

crn, from which prctitionr cn mng multipl

clint compni, viw rl-tim finncil ummr of

n iniviul compn t th touch of utton, cc

rng of ccountnt-pcific function n rporting



26/32

Sage50AccountsProfessionalOnline(from

Sage)andOnline50(fromITInsideOut)

TARGET mARkET

Bot roiers offer Sage 50 as an online accounting sste an

roie booeeers an accountants in ractice wit te toolste nee to use te sste to wor ore closel wit teir clients.

IT Insie Out also aes its Online 50 accounting sste aailable

irectl to sall business users, as well as offering subscribers te

otential to access a selection of oste accounting sstes an

oter Winows-base alications oer te internet.

COST

Sage an IT Insie Out tae ifferent aroaces to te wa te

carge ractitioners an sall business for access to te online

ariant of Sage 50, an bot ricing structures can see a little

oaue.

Sage 50 Accounts professional Online costs fro 75 for a tree

user license fro Sage, an accountants ust coit to a one-

ear contract, after wic te account conerts to a one ont

rolling contract. But Sage 50 Accounts professional Online is

aailable exclusiel to Sage Accountants Club ebers an Sage

Business partners, so tis also as an iact on ow uc it costs

for accountants an teir clients to use te serice.

Wit IT Insie Out, an en-user license to run Sage 50 costs fro

75 a ont. Bureau licenses are aailable for firs of accountants

an booeeers (rices on reuest). Tese licences enable

accountants to access unliite ata sets at no extra carge, but

ata storage carges al.

desite being base on te sae software alication tese are

not lie for lie offerings, an it can be uite ifficult to o a

straigtforwar rice coarison.

USER BASE

Sage oes not isclose etails of sales nubers for iniiual

roucts but sales of Sage 50 Online account for aroxiatel

25% of all sales of Accounts professional troug te coans

Accountants diision.

IT Insie Out clais to ost in excess of 2,600 Sage coan

ata sets for users of Online 50.

CONTACT dETAILS

IT Insie Out:

Website: www.online50.net

Teleone: 020 7537 0101 (switcboar)

0800 195 0835 (sales)

Sage:

Website: www.sage.co.u

Teleone: 0845 111 5555



27/32

CONCLUSION

dpit th mn iffrnc twn IT Ini Out n

sg, th two orgnition hr omthing tht prt

themfrommost(butnotall)oftheotherorganisations

currntl offring onlin ccounting tm trck

rcor. both provi cc to tm tht hv volv

ovr c, n hv n crt xprinc

oftwr vlopr with rltivl p pockt nIT Ini Out h n proviing ccounting n othr

applicationsonlineforsevenyears(longerthanmostother

providersofonlineaccountingsystems).

softwr srvic vnglit tr to iminih w-

vrint of tritionl ccounting oftwr with

phr uch m ol oftwr rvic, ut

mn n-ur till wnt th curit of clrl fin

xit rout n upgr pth. bcu sg n IT Ini

Out oth offr ccounting oftwr tht cn cc

onlin or on-prmi, th cn rgul provi lvl

of futur-proofing n flxiilit tht i rr mong onlin

ccounting tm.

OvERvIEW

sg 50 i th mot populr mll uin ccounting

pckg in th UK n n no introuction. Howvr,

it i ing m vill n onlin ccounting tm

sg itlf n IT Ini Out, n thi cn cu om

confuion, o thi ovrviw im to highlight om of th

min iffrnc twn th pproch tht hv n

tkn th two orgnition.

a ou cn from th cot til on th prcing

pg, th pric tructur n licning rrngmnt

r quit iffrnt, pit th n-ur licn for oth

pproch trting from 75. Thr r othr vrition

too not lt th pproch to iffrnt vrion of sg

50. Not hving to worr out tm upgr cu

ou r lw uing th ltt vrion of th oftwr

i puh plu point mn provir of onlin

ccounting oftwr, ut in th c of sg 50 thi i not

ncril oon.

sg 50 h n roun for long tim o thr r lot

of iffrnt vrion in u, n mn prctitionr hv

numr of uin clint uing rng of iffrnt

vrion of sg 50. IT Ini Out will upport from

version8onwardsofSage50online(andrelieveyouof

th n to mng vrion control n monitor t

compatibility)whilethesoftwaredeveloperSageitself

will not. sg hot sg 50 account 2007 n 2008

on th onlin pltform, n will hortl ing 2009.

accountnt n thir clint hv th choic of whn to

upgr.

brning i lo hnl iffrntl th two

provir. With sg 50 account Profionl Onlin th

prominnt rning i sg, rthr thn tht of th firm.

IT Ini Out upport firm tht wnt to g Onlin

50 thir firm own offring, ntill offring it

whit ll rvic. som firm will wnt to xploit th

trngth of th sg rn n othr will wnt to own

th onlin ccounting rvic n puh thir own firm

rning.

IT Ini Out hot rng of ccounting ppliction. a

wll sg 50 it provi onlin cc to sg Proll,

Sage200andSageCRM,MYOBOnline(Accounting

andAccountingPlus),thefullrangeofprofessional

ccountnc oftwr from Iri, n rng of Microoft

prouctivit ppliction incluing Ms Offic entrpri,

Ms Projct, n mor. all of which coul mk th rvic

provir prticulrl ppling to ccounting firm tht

wnt to minimi th numr of upplir th n to

l with.



28/32

Thr r mn rvic provir n oftwr vlopr offring onlin

ccounting olution n hot vrion of tritionl on-prmi

ppliction. Whilt th following lit i not complt, it o provi th w

r for cro ction of th mn vill.

account nwhr www.ccountnwhr.co.uk

AccountsIQ www.accountsiq.com(ICAEWaccredited)

aplicor www.plicor.com

aqill www.qill.com

Click-on accounting www.click-on-ccounting.com

COda 2go www.co.com/prouct-rvic/lforc

dimnion onlin www.cc-ccount.com

-conomic www.-conomic.co.uk

Fragnt Cntrl www.frgntcntrl.com

Inrx www.mirpollr.co.uk

IRIs exchqur Onlin www.iri.co.uk

KhFlow www.khflow.co.uk

Lirt account www.lirtccount.com

Liqui account www.liquiccount.nt

Mrginz www.mrginz.com

Microoft dnmic www.microoft.com/uk/nmic

(ICAEWaccredited)

Monbu www.monu.co.uk

Ntuit OnWorl www.ntuit.co.uk

Onlin 50 www.onlin50.nt

Prl www.thiiprl.com

sg50 www.g.co.uk/oftwr_n_rvic/prctic/

g50_cc_prof_onlin_2008.px

smTx www.mtx.co.uk

saP buin bdign www.p.com/uk

Twinfil www.twinfil.com/n

WinW Onlin Offic www.winweb.com(ICAEWaccredited)

Xro www.xero.com(ICAEWaccredited)

7.sUPPLIeRdIReCTORy



29/32

Th following link will tk ou to th wit of jut

fw of th ccountnc firm tht r offring onlin

ccounting rvic to clint n propctiv clint:

www.ccountingrviconlin.nt

www.rithmo.co.uk

www.cotrummon.co.uk

www.nkco.co.uk

www.kccounting.co.uk

www.numric.iz

www.rv.co.uk



30/32

Ll Mll i n x-oftwr nginr who h n

journlit for th pt twnt r. sh i frlnc

itor n writr who pcili in uin n

tchnolog.

Ll writ rgulrl for puliction incluing

accountnc, accounting & buin, n stunt

accountnt, n h contriut to puliction rnging

from dirctor to your Nw Hom, wll proucing

promotionl mtril n nnul rport for vriou

orgnition.

abOUT THeaUTHOR



31/32


32/32

dcmr 2008

45

IsbN 978-1-84152-632-4

Informtion Tchnolog Fcult

Intitut of Chrtr accountnt in engln n Wl

Chrtr accountnt Hll Moorgt Plc Lonon eC2P 2bJ UK

T +44(0)20 7920 8481

F +44(0)20 7920 8657

e itfc@icw com

SpONSORShIp/AdvERTISING

OppORTUNITIES

If ou woul lik to ftur in futur

gui pl contct Mrc spillmn,

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