The answer would be a bit diplomatic. As we have heard about various solutions for accounting online, there are many software and accounting packages that claim to help you handle all of your accounting needs. Though it is true that when you have got a quality online software for your accounting work, your financial records and related work would become far easier as compared to when you don’t have a software.
But most commonly small business owners in India are interested to know, if they can handle the accounting work on their own, without hiring any accounts professional for the work. Though it is true that using such software are very effective and are easy to use. Anyone with a little training and familiarity with the software can work with it easily. Most of the platforms and interface provided by the service providers are designed in a way that the whole process goes step by steps and there is no complication involved in the process. In such cases one can easily judge, manage and handle the whole work on the go. Also, payroll software, retail invoice and easy invoicing through the online services becomes even more simple, quick to manage your working relationship with your clients and customers as well as your employees.
Despite all that, we should not consider that you will never need an accountant alongside your business. Though the number of individuals needed would be less and paperwork will not be involved as well as the process will be quick. Also, you will be able to manage and check all the records with just one click and can compare and understand what is going on within your financial accounts, in a simple and quick manner. If you have got a huge business in India, you may need the assistance of an accountant in addition to the accounting software off and on. But in case you are on a startup and has medium level work, you may skip hire one and can do all the work without any extra efforts.