Accounts done in the "cloud". Removes the requirement to install software on a local computer. Relies upon internet and third party security..
A web search for "online accounting" recently returned around 440 million results.
Whilst there can be benefits in using an online system to mange accounts it's important to remember that at some point you need to give information to your accountant.
It's recommended that you speak to your accountant before signing up to see if they have experience of the package you are looking at or have other recommendations.
Speak to GPG before buying an Accounts Package - call on 01296 613355