Cloud Accounting: Defined
It’s a buzzword that’s generating more and more interest as time goes on, and businesses of all sizes are starting to take note. But what is cloud accounting, exactly? Let’s break it down.
cloud computing
cloud accounting
Cloud computing accounting software is accounting software that is hosted on remote servers. It provides accounting capabilities to businesses in a fashion similar to the SaaS (Software as a Service) business model. 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.
Cloud Based Accounting Software
In cloud computing, users access software applications remotely through the Internet or other network via a cloud application 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.
By hosting your software on a cloud solution, you are provided with instant access to your information, reliable and friendly support staff, a flat monthly rate and no hidden costs. Simply with your internet connection, your application and data are accessible anywhere, anytime, on any device.
Cloud computing accounting software may also be referred to as online accounting software or Web-based accounting software.
