MEGI’s Director of Product answers one of the most frequently asked question: “When is it time to ditch Excel Accounting and switch to online accounting?” . Not so fast.
I love Excel™ spreadsheets but …
And I know many business owners, managers, and analysts whose work life is dominated by Excel and Google Sheets. It’s easy to see why common spreadsheet apps are so popular: they can handle a wide range of tasks from simple product lists to complex forecasts. All that in the same software. But there are major downsides to running your business on spreadsheets.
See, I love cloud accounting too, as much as spreadsheets. Actually, I used both side by side when I was an accountant and in my own business. The difference is simple,
So let’s break this argument down.
Online accounting plays well with spreadsheets