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Cloud-based Accounting Software for Clients

Does anyone have experience with cloud based accounting packages used for providing accounting services to multiple clients?  What packages are most user friendly, cost effective, or flexible.  Thanks for your insights. 

Answers

Topic Expert
Christie Jahn
Title: CFO
Company: Prime Investments & Development
(CFO, Prime Investments & Development) |

Great question: Check this source out. I know Quickbooks offers a cloud version, but have been told by Intuit that it is limited in functionality. Depending on your specific needs you could also store the software on your PC and use Log me In to remote in if you are traveling. I use it and love it - and there is a free version, that works great!

http://www.cio.com/article/729385/5_Top_Picks_for_Small_Business_Cloud_Based_Accounting

Sarah Jackson
Title: Associate Editor
Company: Proformative
(Associate Editor, Proformative) |

Hi Nicole,

In case you missed it, this recent discussion here on Proformative had a lot of great food for thought related to your question.

Like you, I'd also like to hear more about accounting packages used for providing accounting services to multiple clients.

Enjoy!

Best... Sarah

Wray Rives
Title: CPA CGMA
Company: Rives CPA PLLC
(CPA CGMA, Rives CPA PLLC) |

Here is my analysis of some of the better cloud based options that my firm most frequently sees in use. http://rivescpa.co/update-on-cloud-accounting-apps/. All apps have their pros and cons and some are better for particular niches. Certainly there is a plethora of cloud based solutions and it can be a real challenge to settle on one product to support, so you have to consider the makeup of your clients and the applications that best fit their needs.

I think from the viewpoint of a firm supporting multiple clients with SaaS applications that you recommend, one of the larger concerns is stability and staying power of any particular solution. SaaS applications, like many things on the internet, can have a tendency to come and go and I believe we are at a stage in that market where you will see more apps closing up shop than you do new solutions hitting the market.

I should note that my review is written primarily for applications that fit the micro to small companies market. There are some very good higher end cloud solutions for companies with more complex needs and bigger budgets that I don't discuss in the article.

Ken Bires
Title: Owner
Company: B2 Partners LLC
(Owner, B2 Partners LLC) |

Nicole, another option is Intacct. I have been on a number of Webcasts with them and other SaaS service providers that integrate into their software. From all I have heard, they have a significant installed base of direct users and firms using the application for client services. I am waiting for a funding exercise to complete so that I can get them directly involved in my activities and accounting.

http://us.intacct.com/your-business/your-industry/accounting-software-for-CPA-firms

(Agent, JKS Solutions, Inc.) |

The AICPA recommends www.intacct.com + Bill.com

Xero software is for small businesses

Quickbooks online is very good if you know there are 7 key apps that you need to know about to handle subledger activity.

David Ziska
Title: CEO
Company: Council Business Solutions
(CEO, Council Business Solutions) |

I support multiple non-profit clients with Fund Accounting 100 (formerly Sage Software MIP). It does true fund accounting and its G/L account segmentation capabilities allow for tight customization of the accounting package to the business information needs. Although the package isn't cloud-based, I create a cloud for my clients via terminal services and remote desktop protocol.

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