Why Small Business needs internet accounting


Nearly 100% of small businesses today are using standalone or LAN-based accounting software which is

Small business now wants the following, rather obvious, capabilities:

The above needs of small business have been technically possible since the invention of the modem, but there have been no standards, no software, and and no service providers.

If all of the shrinkwrap accounting software vendors awoke tomorrow morning and released electronic billing modules, which tapped into windows email functions to transmit and receive invoices in XML, millions of businesses would begin using those functions within a year or two. All of the above capabilities could be retrofitted to existing accounting systems --even DOS and linux accounting systems.

In addition to internet transactions, the small business market also needs functionality which is not easy to retrofit into LAN-based packages:

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