“Electronic Enablement” of lawful accounting

Similar to e-mail being an electronic version of traditional mail, e-accounting is “electronic enablement” of lawful accounting and traceable accounting processes which were traditionally manual and paper-based.

Online-accounting involves performing regular accounting functions, accounting research and the accounting training and education through various computer based /internet based accounting tools such as digital tool kits, various internet resources, international web-based materials, institute and company databases which are internet based, web links, internet based accounting software and electronic financial spreadsheet tools to provide efficient decision making.

Online accounting through a web application is typically based on a simple monthly charge and zero-administration approach to help businesses concentrate on core activities and avoid the hidden costs associated with traditional accounting software such as installation, upgrades, exchanging data files, backup and disaster recovery.