Cloud Based Accounting
Question 1: Sassu is online based accounting software which enables users to remotely access their business transactions from anyplace they want. All one is in need to be wired to the internet and login to their sassu account and start inputting or manipulating their business transactions (“What is Cloud Accounting,” n.d., parra. 1). Sassu is a market leader in the Asia Pacific software as a Service Accounting industry, thriving with millions of transaction worth billions of dollars with a reach over 10000 customers remotely accessing business transactions (“Sassu for Business,” n.d., para. 2). And with saasu’s single database, access to data is much faster and relevant. Sassu is the next generation accounting software providing users with ease and flexibility by allowing multiple user logins working from different locations simultaneously. Other traditional accounting solutions installed on individual computers like Sage, Quickbooks and Oracle amongst others require a software to run and be operated from a wired machine that also involves large hard drives for data storage while on the other hand a cloud based accounting solution like sassu saves on hard drive space as there is no software needed to run the system (“Components of a Computerised Accounting System,” n.d., para. 1). Web based software such as sassu offers upgrades and maintenances automatically and hence one also has the option of purchasing only the accounting module that is required which is not the case with softwares like quickbooks and oracle which requires a user to purchase the whole software forcing them to buy the software whereas cloud bases accounting system allows users to purchase only the modules they require (“Switching Systems,” n.d., para. 3). On the other hand, software based accounting requires maintenance and troubleshooting but still retaining the ability to maintain sensitive data in storage house while on the contrary web based accounting system requires users to pay
References: Beautiful Accounting Software. (n.d). retrieved from http://www.xero.com/accounting-software/.
Isaac, P. (2009). Head for the clouds. Chartered Accountants Journal, 88(6), 62-63.
Lochrie, J (2012 , December). Introducing the new Wave. Retrieved from https://www.waveapps.com/blog/new-accounting-payroll-invoicing/.
Update account records on the road with cloud-based software. (2012, Oct 15). National Post. Retrieved from http://search.proquest.com/docview/1112606824?accountid=36155.
Wave apps (n.d). retrieved from https://www.waveapps.com/.
Xero Feature Tour (n.d). retrieved from http://www.xero.com/accounting-software/.