A Modern Guide to Small Business Accounting Software│Cheyney Group Marketing
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In the ultimate irony of business, counting your money is fun but accounting for it isn’t. Fortunately modern accounting software takes most of the pain out of accounting and makes a fast up-to-the minute money count for you too. The problem: how do you pick the program that’s right for you?
First you need to decide whether you want to use cloud-based accounting software or traditional, on-premises software. Online accounting software updates automatically (at no extra charge), and you pay a lower monthly subscription, which reduces your up-front costs and makes predicting expenses easier. You buy traditional, on-premises software outright and install it on your network server or PCs. Although you own it forever, it becomes outdated pretty fast.
Yes, it’s a twist on the lease-versus-buy argument, but when it comes to software, there’s no equity and resale value to consider in the equation. It’s simply a matter of either paying a little every month for the rest of your business’ life or paying a lot at once and owning the software outright—until you pay a lot again for the next upgrade version.