We continue to watch innovation in collaborative accounting. Xero LTD has has launched a Small Business Guide for invoicing and payments at www.xero.com/guides/invoicing based on input from almost 1400 Xero community members. Getting invoicing right is a great opportunity for small businesses.
Online accounting from entry level all the way up to large ERP installations is innovating quickly. This is good for the market because many of the traditional accounting vendors are responding with hybrid solutions that are cloud and mobile friendly. Hosting is becoming more common as well. Expect that accounting information will be accessible at the right time by the right people from the right place using the right technology.