Cloud Accounting Software

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Cloud Accounting is Accounting software hosted on remote servers. Using Cloud (as Internet) Accounting Software frees the business from having to install & maintain software on individual desktop computer. Its solution gives access to employees in other departments remote or branch offices to same data and same version of software

Cloud based term refers to applications, services, or resources made available to users via Internet from Cloud Computing Provider's Servers. The benefits of  cloud system are:-
1) It can give clear overview of current financial position.
2) Multi-users access making it easy to collaborate with team and advisors.
3) Automatic updates enables use of time for other matters.
4) Everything is run online backed up automatically, reduction in business costs, e.g. version
    upgrades, maintenance, system administrator costs and server failures - all managed by
    Cloud Service Provider.

The flexibility of the software is that it gives a platform to run business from work, home or on
the go. It ensures to get up to date picture of how the business is doing, does not matter where
the user is. The software can be developed and delivered faster and more easily on the cloud.
One need not worry about installing the latest version since getting access to new features is
instant instead pay for monthly subscription for the software.

Best Cloud based Accounting software are -
- Intuit QuickBooks online
- Mac Xero
- Zoho Books
- FreshBooks
- Wave Financial

With Cloud based software, no installation is needed because software is stored in the cloud.
All one needs to do to use a service like CheqBook is open the browser of choice in the device,
navigate to the official website and login with the user name and password associated with the
account. The information that have been added to the account will be available on any device,
regardless of its size, operating system, technical specifications or its manufacture.


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