The computer has revolutionized the way we do things. It has proven to be a more efficient tool for almost every necessary activity. Sure, it has its limitations, and the idea of computers eventually replacing humans is remote, or even preposterous. However, when it comes to operating within certain parameters or implementing a program, computers have the consistency and reliability that is unaffected by human error.

Our lives are mainly shaped by routine. For most of these routines, companies are using computers for consistency, economy and accuracy. Computers don't have sick days, no need for vacation and do not require health insurance.

The emergence of the internet has made the computers a necessity. The transfer of vital information and the immediate exchange of ideas are the most glaring benefits of the internet. The combination of the computer and internet has changed the way of living. People now live 'online lives.' The doors of the world have opened up and global access has made inefficiency and ignorance a crime or a deficiency that no one can blame on but themselves.

As such, the new challenge is to put the internet to good use. Anyone can gain internet access, but what you do with it is another matter. This is where the human factor of creativity and adaptability comes in.

Online accounting is a new field in businesses, a practice that is swiftly changing the game. This adheres to the same principles that were mentioned. Accounting requires consistency, accuracy and an adherence to a system -all of which the computer offers.

There are many practical benefits of online accounting. From a company standpoint, it is truly a practical breakthrough. On an individual's standpoint, the benefits would be similar to writing your novel on your computer as opposed to writing it on an email account. Basically, you can access your email on any computer in the world with an internet connection whereas you have to be physically proximate to your computer to write your novel if you do not write it online. For company accounting, the implications stretch much further.

Online accounting can allow multi-user collaborative access. It can employ the adage "two heads are better than one." Teams of accountants can access online simultaneously, and even have online conferences. This will reduce the time spent on individual updates that will then be discussed in company meetings that take too much time or even constantly postponed due to uncoordinated schedules. This shows that online solutions can even adapt to human issues.

The benefits of online accounting still outweigh their perceived disadvantages. The security measures of most online software are adequately equipped. They are formulated with the understanding that sensitive and vital financial data will be coursed through their software. Passwords and other user specific safeguards are employed, so just like social networking sites, the responsibility falls on the user.

Online accounting software has easy to use interface that even non-accountants can understand. It can make accounting a collaborative effort and efficient. On the extreme side, there are rumors of a possible iPhone application of online accounting. This is not meant to trivialize the profession, but it will, in fact, give normal people an appreciation of the process.

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