With various accounting software available in the market, it is really confusing to choose which one will be the best bookkeeping tool.  As time passes by, a lot of accounting programs have been developed to cater to the growing needs of business owners. Only in the recent years, there has been a growing demand for cloud based accounting.

What is cloud based accounting? Cloud based accounting is a type of software where the servers, applications, and storage are delivered or function through the internet. 

Before choosing the suitable software, users must consider the following factors among others: ease of use, compatibility with other software tools, mobility, ability to ease bank reconciliation, dashboard appeal, e-commerce integration, ability to import and export data, multi-language and multi-currency functionality, cost benefit factor, and customer support.

Quickbooks Online is an example of a good cloud based accounting. Its number one feature is its being user friendly. That is why it is currently the most widely used accounting software worldwide. Aside from this, it has a wide range of compatibility with other software tools and applications such as ability to download bank and credit card transactions and  compatibility with mobile application. Although at present, Quickbooks Online offers basic features only.  If you want to have less trouble in bank reconciliation, then Quickbooks Online is highly recommended. Quickbooks Online can be integrated with E-commerce allowing better customer service and therefore, increased sales. Another reason why it is the most widely used worldwide is because it has multi-language and multi-currency functionality. Data can be imported and exported also to Quickbooks. It is also one of the most affordable financial software when compared to its benefits. Although a large company, it still has to improve a lot on its customer support. But overall, many are happy to use this because, aside from customer support, there are other tutorials or answers to questions that can be found in video tutorials in YouTube and Quickbooks forums among others.

As there is no “One Size Fits All”, you can evaluate which is best by knowing your priorities over functionalities that need to be served. Someone knowledgeable about how to identify your needs and match them with the most appropriate accounting software can be very valuable.

- We are CPAs, tax accountants, tax preparers, business managers and consultants based in Torrance, CA near Los Angeles & OC, serving the entire U.S. See us at Yelp & Facebook. Call us (424) 278-4838 or e-mail us at This email address is being protected from spambots. You need JavaScript enabled to view it..