A cloud accounting provider can actually eliminate the need to hire an accountant or bookkeeper [7],
because the service will perform any financial operation or transaction as a ‘virtual’ finance manager. Of
course, the offering of cloud accounting services is divers and covers many forms of deployment that insure
different functionalities, in compliance with the customer’s requirements.
financial reporting standards (International Financial RS, US-GAAP),
• the possibility to calculate various financial rates and formulas and generate accounting reports and
documents whenever they are necessary.