3 Key Things Every IT Business Owner Should Know About Modern Accounting

Businesses in the IT sector or IT-enabled services are often more tech-savvy (they better be). Owners are most likely to come from an engineering or other technical background, not necessarily, of course, but all this to say that they view accounting as a hassle. Now this is ironic because if they are so tech-savvy, they should be fully aware of the presence of online accounting software that has made bookkeeping a manageable yet more efficient exercise.

Modern accounting is nothing like the tedious half-manual and half-computerised accounting businesses of a decade ago. Online accounting software is now easier, more secure, and better managed than ever before.

If you run an IT business or offer IT-enabled services, understanding the modern concept of accounting can significantly improve how you manage finances.

The 3 Things About Modern Accounting That Every IT Business Owner Should Know

# Online Accounting Is A Three-Day Learning Curve

Online accounting software such as Giddh has a learning curve of three days at the maximum. In this time, you can easily learn how the accounting software works, the basics of accounting and bookkeeping, and how you can get access to your financial data anytime and anywhere. This is especially crucial for IT and IT-enabled businesses because they are selling services in an industry that changes often. Such businesses cannot have a learning curve for any software for more than a week.

# Accounting Gets Better With Practicing

Today’s online accounting software allows for transparency of documents, multiple user access, and admin controls. Any business owner without any commerce background can easily get into the nitty-gritty of accounting through trying out free online accounting software. He or she needs a practice of an hour or so every day in order to get more comfortable with bookkeeping and accounting. IT businesses need to start this practice in order to decrease dependence on the accountant or any one person in the company. They need to take control of their finances.

# Accounting Doesn’t Need A Class

As we said before, accounting needs practising and willingness. Just as any application that’s being used for the first time does. Unlike offline accounting software that need months of theory and practice, the modern day online accounting software are intuitive and have been designed using a non-commerce user in mind. Through a few days of orientation through the support team of the software providing company, an IT business owner can understand accounting and get a better overview of his accounts.

Are you a small or medium business owner in the field of IT or IT-enabled services? Fret not about accounting because it finally has come of age. Accounting today is not a prerogative of commerce graduates. You have the power to take control of your business finances today. Find out more, talk to us.

How Modern Accounting Practices Benefit IT Businesses

Modern accounting practices go beyond basic bookkeeping. They help IT businesses by:

• Providing real-time financial insights.

• Supporting remote and distributed teams.

• Improving compliance and audit readiness.

• Enabling faster billing and revenue tracking.

• Supporting data-driven business decisions.

This makes modern accounting software a strategic tool rather than just a compliance requirement.

Giddh Accounting Software for Modern IT Businesses

Giddh is built to support the modern accounting needs of service-based and IT businesses. Designed for simplicity and collaboration, it aligns perfectly with the modern accounting approach.

Key Benefits of Giddh:

• Cloud-based access for anytime, anywhere accounting.

• Real-time financial reports for better decision-making.

• Multi-user access with precise role controls.

• Simplified bookkeeping for non-finance founders.

• Secure data handling aligned with modern accounting practices.

With Giddh, IT business owners can move away from outdated systems and adopt a truly modern method of accounting that grows with their business.

Conclusion

Accounting has evolved. It no longer belongs only to commerce graduates or finance teams. With the rise of modern accounting software, IT business owners now have the tools to manage finances confidently and independently.

If you operate in IT or IT-enabled services, adopting modern accounting practices can help you gain control, improve transparency, and support long-term growth.

Take charge of your business finances today—Get started with Giddh.