Should You Trust Your Web Accountant?

By Cathy Howard

The confidentiality of your financial records is one of the most important things to consider when looking for an online accounting service. You cannot trust just give anybody the secret inner secrets of your business, especially when that individual is a virtual stranger whom you will not meet face to face and will normally only interact with online.

Of course, because it is an online service, you will eventually have to accept this as an attendant risk. Still, you should always make a decision based on security because you do not want your financial records revealed to your business rivals.

The service you hire must give you an ironclad non-disclosure agreement that ensures that it will never reveal your financial status to anybody. Even scammers can make this promise, of course. But a guaranteed method of verifying whether your service is as secure as it claims is to click around the Internet for what their clients have to say about their past dealings with the service.

Of course, those that have had their data stolen or leaked will have numerous complaints about the service both on the Internet and through word-of-mouth. Sometimes, blogs and online forums, especially ones about enterpreneurship will have their own insights on the service.

Risks aside, online accounting services are a money-saving method open to businesses that are still starting out and cannot maintain their accounting department yet. You will not have to pay for the office space and spend on computers and desks for dedicated accountants to balance your books. Your rental costs will be much less, so you can instead use the money to solicit the help of a cost-efficient online accounting service.

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