Are online faxes secure?
It depends on the service you use. Some use encryption if they are emailing the fax. Those who require you to login to a portal are generally more secure. Faxes are becoming a thing of the past, but if you’re clients are using faxes, then check with your provider on the level of security they are providing if you will be using it for sensitive documents.
Do I need specialized software if I focus on a specific niche industry?
That depends on the niche. Some have specialized software that are popular, and others do not. For example, with the legal industry there are some practice management programs that are popular, such as Clio, which you may want to learn to better serve that industry. You decide how deeply you want to dig into a niche, so the best way to answer this question is if you have decided on a specific industry, start talking to potential clients to ask them what support they would want and expect from a top-notch bookkeeper.
What is the difference between SaaS bookkeeping and Hosted bookkeeping?
SaaS stands for “software as a service.” That means that the software is only accessible via a web browser or mobile app. You cannot run this type of program on your desktop computer from your hard drive. You must be connected to the internet to access SaaS software. Hosted bookkeeping refers to desktop software that is run from a server that is connected to the internet. You access it via your web browser, but you are actually running desktop software on another computer. It is somewhat similar to remote access, but done using unique logins and better privacy protections. Hosted bookkeeping is useful for when the cloud-based SaaS software does not have the functionality that desktop software might have that are critical needs for the client. This situation, however, is shrinking, as SaaS software is becoming more and more powerful. In time, most hosted bookkeeping will go away, since it is more expensive and often more clunky to use via the web.