What is cloud accounting?
Cloud accounting is a very up and coming software that many businesses will be using to keep and prepare their financial records, in the not so long future.
Cloud accounting, also referred to as “online accounting”, serves the same function as accounting software that you would install on your computer, except it runs on servers and you access it using your web browser, over the Internet. Your data is securely stored and processed on servers—or “in the cloud”. This means you are able to access your business financials from anywhere and using any device, as long as you are connected to the internet.
There are many benefits to using cloud accounting. In addition to the flexibility of accessing your data anywhere, you never need to install software on any device and updates are automatic. Our servers are actively monitored and maintained, and we believe have a much higher level of security than many small business networks and staff laptops.
Cloud Computing accounting software is accounting software that is hosted on remote servers. Data is sent into “the cloud,” where it is processed and returned to the user. All application functions are performed off-site, not on the user’s desktop.
In cloud computing, users access software applications remotely through the Internet or other network via a cloud accounting service provider. Using cloud computing accounting software frees the business from having to install and maintain software on individual desktop computers. It also allows employees in remote or branch offices to access the same data and the same version of the software.
Most application providers typically charge based on usage – compared to site licence fees associated with traditional accounting software deployments. Accounting data backup and disaster recovery is often a part of your cloud computing accounting software account.
As Accredited Pro Advisors with XERO we are able to offer tuition and a cost saving when purchasing the cloud software, if you wish to carry out your own book-keeping, please contact us today to see if this will benefit you and your business
Young Accountancy & Co can also undertake the Book-keeping role for you and let you concentrate on what you do best, we can use the Cloud Accounting software of your choice
Cloud computing accounting software may also be referred to as online accounting software or Web-based accounting software.
If this is something you wish to consider for your business or would like more information then please call or email Charlotte today.