Cloud Accounting is secure. Normally, proper security measures are not implemented by small businesses to protect their financial data. Cloud Accounting softwares like ProfitBooks maintain high security standards. Backups are taken at regular intervals, servers are scanned for vulnerabilities and data is transferred over the encrypted connection.
Online Accounting Softwares are integrated with other services. For example, ProfitBooks can be integrated with popular file sharing application Dropbox to store and share files. There are endless possibilities to extend the functionality by connecting with other online softwares.