In my first few businesses, I used traditional accounting software installed on a laptop. For ease of access, we decided to use a cloud-based accounting package. LessAccounting is used by all the partners + our bookkeeper in our firm. It allows easy access by multiple users at no additional cost and allows us to focus on our business.
While I have at least 4 accounting classes under my belt, along with knowledge of bookkeeping, the idea of closing out each month, closing out the quarter and the year isn't appealing. I don't feel that it should take long to look at our monthly expenses and pay the bill. Since our bank has an API and is accessible by the software, there's no reason why our accounting system and our bank shouldn't be in perfect sync in all cases. We need efficiency as our business model is fairly straight forward. We felt that in this regard, LessAccounting solved the issue for us.