What Is Cloud Accounting Services?
To demonstrate what cloud accounting is, let’s go back to the beginning and look at the traditional desktop accounting programs.
When using a desktop-based accounting program, the applications are installed into your computer so that you can only run them there. This method came with a number of drawbacks, such as limited data access, regular need for program updates, and risk of data loss in the event of a computer crash or theft. To address some of these challenges, a new model of business accounting, cloud-based accounting, was developed.
Cloud accounting software comes with all the functionalities of desktop accounting programmers but takes the entire process away to the cloud. Therefore, there is no desktop application required. Instead, you will only need an application performance interface (API) that allows you to connect and do all the accounting tasks that you require. Like an email address, which you can access from any device and location, so is business cloud accounting.
Benefits of Cloud Accounting Services over Traditional Desktop-Based Apps