So why use online accounting software programmes? 1. Security: it’s a top priority for software companies to store your data safely online 2. Payroll: time effective and creates reports and files that can be uploaded to the bank 3. User-friendly: generally easy to learn and use in day-to-day operations 4. Productivity: efficient and effective processes that lead to higher productivity 5. Access: able to give bookkeepers and accountants access so they can keep the files up to date and accurate 6. Compliance: the ATO is aware of what these programs offer and there is a link between the two, so reporting your obligations (STP, PAYG, BAS) is only a click away It’s important to look at what the software package offers because cheaper deals don’t always mean suitability. It can cost more to convert to a better software down the track, so it’s best to check with you bookkeeper/accountant to make sure the one you choose suits what you require.
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