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As far as I can tell that is the way things are going. A number of countries, eg Denmark, is implementing legislation that basically requires this - by requirin
by throwaway4good 2y ago
As far as I can tell that is the way things are going. A number of countries, eg Denmark, is implementing legislation that basically requires this - by requiring backup, standard accounting model for compliance check, electronic invoices, online vat etc.
- macmac 2y agoThere are absolutely no requirements in Danish law neither current or pending that requires a system to be "online" or "hosted".
- throwaway4good 2y agoIt is not an explicit requirement - the new legislation just lists a number of things that are kinda hard to do without being online.
- macmac 2y agoI am curious which requirements you think this applies to?
- agos 2y agoelectronic invoicing is hard to do offline
- throwaway4good 2y agoThe ones I listed. I think the traditional standalone accounting software will be a thing of the past here after the implementation of the new accounting law. Also cloud based accounting systems are probably easier to make money on.