Work accounting has indeed come a long way from the time of the ledgers and personal accountants. Apart from being time consuming and erratic, such methods are just being considered pass in these times. At the turn of the millennium, work business management software made its foray into the world market in a large way. All businesses all big ones and most of the small ones, suddenly wrapped up their paper files and started investing into the accounting software tools. Sage accounting software was the first company to start this mini revolution with their software packages designed for both small as well as big companies. Other software names followed suit, and very soon the market was inundated with sage software packages.

Online accounting, as the name suggests, is a web based accounting solution. You manage your accounts over the Internet. You can very well understand what a boon this is to companies that are expanding right, left and center. In this age of multinationals with companies doling out their franchises all over the world, online accounting is the way to go. It must be remarked here that accounting software already has a software tools known as the finance solution software, which has multi company consolidation features, especially designed for companies that have a number of subordinates. Now, this online accounting feature only takes that a step forward