The Web and I, in collaboration with Microsoft, will start to produce basic accounting modules for Office 365. For small businesses already getting Office 365, their modest accounting needs may be handled far more cheaply with the accounting modules they need in-house. Most very small businesses use accountants for taxes and paper for check ledgers, so having a few modules like Billing with Orders and Invoices, Accounts Receivable Reporting, and Business Expense database designed to prepare data for the outside accountants of some small businesses.
The high security, reliability, and legal compliance for housing financial data will help keep risks down, and most small businesses employing this method will be compliant with the Sarbanes Oxley Act and other regulations on computerized accounting data in business for the first time with this product. Worrying about backups or IT staff will also be a thing of the past.
There are cloud-based accounting programs available, but the monthly costs add up. With our solution, you will buy just the modules you need at a flat rate, and there will be a modest need for training, and little need for expensive support.
We have seen some attempts at accounting systems for Office 365 already, but many of them are very complex. The SharePoint environment works better with simpler applications. You can program SharePoint as a database and application, but that is not its primary purpose, so those applications may be overreaching.
Granular security is an important feature we will offer. Every type of data will only be seen by the personnel your organization deems eligible for access. This way many employees can have access, but never access to what they don’t need and should be secure and confidential. Most accounting programs offer access to everything if you have a password, so businesses have to avoid clerical help for data entry. We will make it data entry friendly and secure, so you can safely delegate journal entries to clerical staff who will never see reports or important data summaries.
We are excited to have our first client starting by May 1, and we are already programming and testing their modules and writing the manuals and video tutorials. We will post new updates soon to keep you and all of our readers informed.
Each business has different needs, and working with us on an individual basis might be more cost-effective for your business than you think. There is no cost for an initial consultation, and we promise that even if you don’t use the Web and I, our engineers will teach you something new to help your project. Call us at 646-853-0573 today and get started now!