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Many accountants, especially the younger generation, have heard of SaaS by now, and no it's not about Statements on Auditing Standards (SAS) - though they are a delightful topic as well. SaaS stands for Software as a Service and basically means instead of having a physical copy of your software, everything is run through the Internet. This means that it isn't absolutely necessary to go to the store and buy Quickbooks, you can actually just use online software that will store all of your information. This somewhat recent technology has advantages and disadvantages over the traditional method.
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