Well, cloud accounting is really two ideas, and in recent years has attracted a lot of interest and attractiveness. Many small businesses are now turning to online applications to manage their business accounting needs
First, accounting software, that is, any computer application that can help you in any accounting process. This can be as simple as a small sales ledger application, right up to the company-wide full bookkeeping package.
The second concept is cloud computing. Wikipedia list of cloud computing as " Cloud Computing is an Internet-based computing that allows shared resources, software and information to be available on computers and other devices as needed, such as the power grid."
Software is basically a way to run Small Business Accounts online as a whole without the need for offline storage or applications. So there is no native installation on your computer and you can access your accounts from anywhere on the internet. This also means that billing information can be accessed via the iPhone or Blackberry.
Many believe that "cloud accounting" will completely replace locally-installed accounting software in a not too distant future. This can be due to better data access and sharing, and faster and cheaper software development. Cloud accounting benefits are not limited to small or large companies but can be used both
It is important to note how many accounting software applications choose the level of data security, how easy it is to export data to another platform, and of course always consider the price and ease of use as a factor in decision-making.
Source by sbobet