What Is Cloud Accounting?
Cloud accounting is a general term for several types of
accounting solutions, all of which have in common one
thing: The accounting system is accessible via a remote
server that is connected to the internet, but in a private,
secure space that only authorized users can access.
In the past, accounting systems software programs such
as Intuit QuickBooks® have been located on a small
business owner’s own private PC or a private server
within the small business. This allowed one or more
employees within the same physical location access to
the accounting software.