Next for Google: Accounting?

In a recent post at ReadWrite Web, they believe that the next breakthrough application from Google will be the next an online accounting application.

What are some of the advantages they list for Google having an accounting system? Since it would be online, the possibilities are endless. ReadWrite Web believes they are: collaboration, retention of records, and accessibility. The drawbacks would be simplification and cost.

So why would Google take this approach for their next application? They have a knack for simplification as we saw with Gmail for email. This accounting system, due to simplicities among other things, could be of most benefit for those who own small businesses and have little training.

They already have several applications that would be able to play a key role in accounting: Google Scan, Google Docs, and Google CheckOut. Do you believe this is the next step for Google? Would you be worried if Google had access to your small business’ financial information?