It also ensures that all your data and information is stored securely within a single system.Organisation and centralisation: Beyond accounting, your software is able to perform multiple functions, such as inventory management, payroll, customer relationship management and more.Actionable reports: Unlike spreadsheets, reports can be quickly generated on accounting software due to its built-in reporting and analysis tools.Mobility: You’ll be able to access your accounts, and perform a wide range of functions over multiple devices and locations.
In addition to being MTD-compatible, online accounting software offers important benefits to small business owners and self-employed persons.