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Online Accounts Frequent Questions

  • What is online accounts?
  • What is the key advantage of using online accounts?
  • What makes online accounts different from other accounting software?
  • Is there a trial period and if so what do I receive during this period?
  • Can I convert my data from other software packages?
  • Is it easy to use?
  • Will my information remain confidential?
  • Is there any online help or training provided?
  • What reporting capabilities are available with online accounts?
  • Can you give us a blank test company where we can set up documents in multiple currencies?
  • As my business grows can online accounts scale to meet my needs?
  • Can I assign multiple users?
  • Can I generate invoicing through online accounts?
  • Is it possible to view reports in two currencies?
  • Can I generate my own ad-hoc reports?

What is online accounts?
MyAccounts are providers of Visor¡¯s online accounting solution, accountsIQ, is a web enabled accounting application. accountsIQ allows outsource accounting providers, their clients, and other stakeholders to access their accounting and financial information securely and simultaneously through the internet.

What is the key advantage of using online accounts?
Although there are many accounting packages available, very few are specifically designed for use over the web, and therefore very few can be provided using the SaaS (Software as a Service) model. With online accounts there is no need to buy and maintain software, you simply log on whenever and wherever you like.

This means no more worrying about system crashes, system backups, and no more time-lag between the client and their accountant. Monthly processes are completed faster, IT support costs are reduced, and there is no need to purchase servers or IT infrastructure.

What makes online accounts different from other accounting software?
online accounts uses the power of the internet to speed up the process of the monthly accounting. Your accounts package installed on your office server is replaced by a fully-hosted solution. Therefore, unlike other packages, users log on over the internet. Each transaction is processed in real time over a secure (SSL) internet connection. This means that bookkeeping is always up to date and accessible anytime anywhere. Another unique quality of online accounts is that users will not need to request upgrades, they always have the latest version.

Is there a trial period and if so what do I receive during this period?
Yes, we would be delighted to set up a free 30 day trial for you on your own company. This will provide you with access to all of the accounting features and functionalities of the online accounts system, either with or without sample data.
Yes, converting your information from another product is possible due to implementation methodologies which recognise that existing clients may need to migrate from existing systems and data conversion routines may need to be developed for the most common systems. Update routines to import data from a number of products have already been developed, allowing you to get up and running within the quickest possible time.

Is it easy to use?
Extremely, even for clients that may be unfamiliar with accounting concepts. This helps minimise the training required and ensure that your users are up and running quickly.

Will my information remain confidential?
Absolutely, online accounts provides secure access, and you have total control over who accesses data and what they can see and do through predefined user profiles. Both clients and their accountants will be registered with a company ID, username and password to ensure confidentiality.

Is there any online help or training provided?
Yes, online accounts comes with full online help facilities. In addition training and implementation support will be provided using a ¡®train the trainer¡¯ approach.

What reporting capabilities are available with online accounts ?
online accounts includes over 100 accounting reports designed by experienced accountants to provide high quality comparative and analytical business performance reporting as standard. But online accounts offers much more ¨C it can also present your analysis with impressive budgeting, graphing, and statistical reporting of both financial and non financial Key Performance Indicators.

Can you give us a blank test company where we can set up documents in multiple currencies?
We can create a blank company using our generic company template and make it available. Alternatively we could set up a company using one of your existing client¡¯s data, or using a chart of account layout that you are familiar with.

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