August 3rd, 2009 by Ben Hwang
Are we really surprised that there has been an increase in self-employment, a percentage that has doubled the numbers from a year prior in the same quarter?
Think about it. With all of the large corporations tightening their belts and getting rid of crucial professionals, there are many more of those that are striking it out on their own their their respective industries as independent firms and consultants than trying to look in the dried up job market. In fact, if you’ve been job hunting for a little bit you would be quick to recognize that there are not as many of the positions there as you’re lead to believe and while those large corporations are actually laying people off, they still have work to do that cannot be done with staff on hand. Thus, consulting and small businesses are still needed by these larger businesses.
If you take that into consideration, then you’ll also realize that while it’s no easy task to go out on your own, it’s also something that is very fulfilling and allows you to learn things about your business that you might not have necessarily knew about before. This gives you insight on how corporate structure works and eventually be able to look at things in a different light. Obviously, going out on your own means that you would need a little business acumen since you’ll be running everything from your own accounting software to marketing and advertising. When you’re self-employed, you will also need to buy what’s right for your company without over-extending your budget. Finding more cost effective solutions such as web based accounting is a definite need in the consultation world. In the end? There will be more people that adapt to owning their own businesses than ever before thanks to how global economics are panning out.
Tags: Accounting, accounting software, business accounting, consultant, consulting, global economy, independent company, independent consultant, independent firm, online accounting, online accounting software, self-employment, Small Business, web based accounting
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July 20th, 2009 by Ben Hwang
It’s interesting that even those in Redmond are seeing the writing on the wall. Cloud computing is here to stay and this is reinforced by the fact that one of the major league players in the software application development world, Microsoft, is launching an online version of Office 2010.
This move not only justifies where small businesses are going, but it also shows that pretty much everyone is moving towards an cloud driven world where your applications do not exist on your own local machines anymore. Obviously, this still requires you to have an Internet connection of some sort and the move to a cloud based solution is a difficult one still for many to swallow in the development world. But with Microsoft making the leap, it actually shows that almost all of the major software developers are now backing cloud based computing.
One of the significant key moves here is that the company that hosts the cloud now has full control over the versioning. No longer will you have support questions that are determined by older version A, B, or C but instead the questions will start migrating towards actual usability and functionality. This not only creates ease for the support staff, but it also helps the development cycle flow better.
Small businesses benefit from all of this because the cost of doing business on a cloud based system is inherently less than a desktop system. After you have calculated all of the costs associated with data retainment, the answer is simple when it comes to choosing what to use for your small business accounting, office applications, and the rest. This move by Microsoft signifies not only a competitor-driven move towards Google Apps, but the fact that Google Apps is actually making a difference. Welcome to the age of cloud computing.
Tags: cloud application, cloud computing, online accounting, online accounting software, Small Business, small business accounting, small business applications, web based accounting, web-based accounting software
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June 29th, 2009 by Ben Hwang
I often have to answer the question of why you should move to an online accounting system.
There are very simple reasons, but in the end, you’re actually looking at cost effectiveness from a small business owner’s point of view, that alone could be one of your key decisions in going with an online system. Obviously, there is also the disaster recovery, data backups and all of the good things that come with an online accounting package.
From our perspective, it’s actually easier to manage from a customer relations perspective. There isn’t the problem of asking what “version” you’re on, since what you see would be what the support personnel sees. The entire production system is always available to support without having to ask you for version numbers, training the support personnel on all the versions, and determining when to retire support for an offline version. In fact, it’s a tremendous win-win since it allows both parties to concentrate on solving the problem at hand instead of futzing with the details of versioning and inter-version discrepancies.
From an accountant perspective, it’s also better off because you can review the business without limiting the business owner from operations. One of the worst functionalities of offline locking is that the business owner is thrown into a constraint that is limited by their accountant. No longer is that an issue, due to the fact that the accountant can work concurrently with their client.
All-in-all, from our operations view and customer’s, it makes it an absolutely easy choice to make. Savings in both money and time should be the top two considerations of any business. And that’s exactly what we offer.
Tags: Customer Relations, limitations, online accounting, online accounting package, online accounting software, online accounting system, Small Business, small business accounting, support, versioning
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