1. Online Accounting Software and Desktop based software Accounting Software can be installed on a stand alone system with one operator who does all the entries into the system or it can be accessed on the web where multiple people can post entries and modify in a central database. Both these systems have their own advantages and disadvantages. It depends upon the kind of organization and the amount of data it is handling that the decision to have a standalone (desktop) accounting system needs to be adopted or a web (network) based accounting will be better. For an organization that has a single person handling all the accounting needs of the organization a desktop based accounting system will be the obvious choice but when this comparison is made with the security, features and flexibility of online accounting software the low cost of a desktop based application takes a beating. Desktop based accounting systems do look less expensive at the fore but even this desktop based accounting software require internal servers that require a lot of cost to install. On the contrary a web based accounting system is quite easy to install, flexible enough to upgrade or even downsize if the need arises, Can be accessed from any part of the world by any number of users. Every organization that has just started aspires to be big some day. Online accounting software provides them the opportunity to grow and modify as they march on to new heights of success. One needs to keep all the systems of the organization flexible and growth oriented if it is really aggressive about its overall growth.

2. Most of the online accounting software have an option of providing a host for the data that needs to be stored. This data is generally hosted on robust locations that have all security measures in place for the protection of the user’s data stored on their locations. There is no need to buy new hardware, you will also be able to access most systems from desktop computers, laptops, smart phones and tablet devices. You pay an all inclusive flat fee, so there are no hidden costs. The fee is usually monthly, meaning it is much easier to get started without paying a fortune in setup costs. And many providers allow you to downgrade or cancel anytime. There has been an increase in the use of online accounting software and online business software in the recent past as the accounts of several organizations have swelled making it difficult to manage such accounts manually thus cloud accounting and Web based accounting software along with Online Financial software has come as a great boost to these organizations. To know more about Online ERP software please feel free to visit http://mygpcloud.com