The increased popularity of online accounting services is just a part of an industry drive toward Web-based business applications. The advantages of ASPs include lower costs for implementing, maintaining, and providing support for a service. Block chose NetLedger, because it imports and exports QuickBooks files. He says NetLedger dramatically cut his back-office overhead. But there are still significant issues with these services.
Speed is always a concern when going online, as is security.
And turning over such important financial data to a service without a proven track record may be risky business. So you might want to find a business with a proven history. And make sure your data can be retrieved easily, in case you do have to change services. For instance, with a simple click of the mouse, NetLedger users can download their data to the desktop and import it into QuickBooks. This also lets subscribers conveniently work on data from their desktops.