Accounting is the systematic and comprehensive recording of financial transactions pertaining to an enterprise or business. It is the collection and reporting of sensitive financial data for the sake of transparency, accountability, and compliance with regulations.

It's not uncommon for IT updates and upgrades to necessitate the purchase of new hardware, services, and other equipment. More often than not, this is why many business owners are hesitant to update or replace their existing IT infrastructure.

What many business owners fail to realize is that an outdated IT system can be costlier to run than a modern one.

It can be quite difficult to justify running a business that just bleeds money willy-nilly, which is why owners and managers always seek new ways to conduct operations in an efficient and prudential manner. One effective way for modern enterprises to enjoy good resource utility is through office virtualization.

There has been a marked increase in the use of virtualization and other virtual services, because it has become apparent that they help businesses maximize their resources. With an ever-evolving and tightly competitive business landscape, business owners are always compelled to seek solutions that will help them get a step ahead of the competition.

Virtualization has become one of the biggest IT trends today, and one question that has gained traction is how to ascertain which between Hyper-V and vSphere should be used for certain types of businesses. This is a rather crucial distinction to make, as industry projections predict that 98% of IT expenditure growth by 2020 will be attributed to virtualization.