Everyone knows how important accounting is for a company. It is what gives the management an indication of the company’s financial performance. Your sales may be very good and you may be getting a lot of money. But whether you are making a profit out of it and whether it is helping your company in any way will be known only if there is proper accounting. It is a record of your assets and liabilities and can help you greatly in steering the company properly. Why Not Outsource Accounting Work? Many companies in Australia do outsourcing of accounting work. These companies may be efficient but there is always the risk of exposing your financial data to a third party. When someone does your accounting work they will know all the transactions that you have made and this is not something that you can risk going to the wrong hands. This is why outsourcing of accounts work is not advisable. Why Is Online Software Better? Companies can install dedicated accounting softwa...