Online accounting services refer to the use of internet-based software or platforms to manage financial transactions, maintain and generate financial reports, and perform other tasks typically handled by an accountant. The services are designed to provide individuals and businesses with an accessible, convenient, and cost-effective way to manage their finances, without the need for a physical office or in-person visits with an accountant. They typically offer features such as invoicing, bookkeeping, payroll management, tax preparation, and financial reporting, among others.