It’s almost 2012 and the world has ended yet, which is good. The world still has a future to look to, so that’s when I wonder what will be the future of online accounting software be like? For example in the next 20 years will accounting software be replaced? Will there be a new way we do accounting? Will the term “accounting” and “software” no longer exist? I will still be working for the next 20 years + and I’m very excited and anxious to find out, math was not my best subject.

Here are some of my predictions that I think could possibly happen in the future regarding online accounting software:

The online accounting software will be easy enough to use and operate that many more professions would know how to use it. It wouldn’t only be for accounting professionals anymore, small business owners can be equipped with basically knowledge of accounting and it would be easier for them to maneuver the system with little knowledge.

The bookkeeping profession would not likely exist. I say that because technology should be way more advanced therefore, why would you hire a full time person to do a job which would now be easier for you to do by yourself? This would be a good way to cut cost and save money without having the feeling that you’re doing someone else’s job as well as your own.

Online banks will become the best place to go to handle your finances and you will have more access and features of what you can do with your money. For example you would have the ability to transfer money anywhere in the world with a click of a button. Every business would be register for some kind of system so when you log into your online banking you can pay your bill to anybody you want. I’m not exactly sure of all its features but it would be really advanced.

Well, those are some of my predictions for the next 20 years, I could be right or wrong you’re just going have to wait 20 years to find out the future of online accounting software.

By: Natalie Williams, Marketing Coordinator, WebSan Solutions Inc., a Certified Canadian Microsoft Dynamics Partner