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Whether or not your firm has an interest in online applications, a number of your clients may be considering trying an online accounting system. The following three systems are emerging as the leaders in Web-based accounting applications. Watch for improvements and new versions to be released over the next year.
* NetLedger. The basic NetLedger offering includes general ledger and financial reporting, accounts receivable with invoicing, accounts payable, time and billing, purchasing, and inventory, at a cost of $4.95 a month. The system recently added payroll, which calculates earnings, withholdings, and deductions; generates and prints paychecks automatically; prints year-end W-2s; and automatically updates all federal and state tax tables. With payroll, the service costs $9.95 per month.
Other optional services include an employee expense reporting...