Wondering what “cloud computing” is and why you should be using “the cloud” to manage your accounts?
We explain what these terms mean, along with outlining some of the benefits.
What is cloud accounting?
Cloud accounting, also referred to as “online accounting”, serves the same function as accounting software that you would install on your computer, except it runs on our servers and you access it using your web browser, over the Internet. Your data is securely stored and processed on our servers—or “in the cloud”. This means you are able to access your business financials from anywhere and using any device, as long as you are connected to the internet.
There are many benefits to using cloud accounting. In addition to the flexibility of accessing your data from anywhere, you never need to install software on any device and updates are automatic. Our servers are actively monitored and maintained, and we believe have a much higher level of security than many small business networks and staff laptops.