Solo recognised the enormous market potential of producing one single piece of software which would cater for all of the business administration, payroll, book-keeping, accounting, tax and legal requirements of freelance consultants, independent contractors, interim managers and small business owners, at approximately half the cost of employing an accountant.
In the UK there are dozens of software developers who have designed book-keeping and accounting solutions for the accounting industry and to cater for the needs of medium and large businesses who employ suitably qualified accountancy staff. These packages are seldom suitable for small business owners with little or no accounting experience.
In the past the cost of licensing the individual pieces of software to provide a complete accounting solution for small businesses, has been significantly greater than the cost of employing the services of an accountant. Not any more!
