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Online accountants can save costs by making use of the cloud

Online accountants can save costs by making use of the cloud

From a cost perspective, it’s definitely becoming easier for online accountants to start up their own business.

The cost of online technology has tumbled dramatically since the Cloud came onto the scene and this has led to a reduction in business IT overheads.

Joe Drumgoole, an Irish Cloud entrepreneur, recently explained to a group of accountants that the Cloud has led us to an almost asset-free business. It now costs next to nothing to set up a company infrastructure. Office applications such as DropBox, Gmail and Google apps, and online accounting packages like AccountsIQ, have revolutionised the business world.

When considering the cost of buying off-the-shelf software applications, accountants also need to take license and maintenance fees into consideration. Customised Cloud software offerings aim to provide SMEs with an alternative to the traditional packages that not only reduce costs but also cut maintenance.

Contractor accountants could find themselves in for a busy year as more and more companies look to outsource some accounting functions. The Admiral Group provides outsourced IT support services to SMEs and they predict outsourcing will witness rapid growth this year as companies try to reduce their administrative costs.

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Image: Noche de luna llena – Full moon night by *L*u*z*A*

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