Traditionally, accounting was executed using software hosted locally on a desktop computer’s hard drive (e.g., Quickbooks Desktop). Cloud accounting, on the other hand, is accounting that is executed using software that is hosted remotely on the cloud – i.e., online.
To better understand what is meant by “the cloud”, here’s PCMag’s definition of cloud computing:
In the simplest terms, cloud computing means storing and accessing data and programs over the Internet instead of your computer’s hard drive. The cloud is just a metaphor for the Internet. It goes back to the days of flowcharts and presentations that would represent the gigantic server-farm infrastructure of the Internet as nothing but a puffy, white cumulus cloud, accepting connections and doling out information as it floats.
The cloud has disrupted and transformed many industries over the past several years, allowing businesses to operate more efficiently, cut costs, and amplify results.
- How does cloud-based accounting work?
- Why choose cloud-based accounting?
- Is cloud-based accounting Safe?
- How do you switch from one accounting system to another?
Cloud-based accounting allows you access to your most important business figures and key numbers on demand. You can access this information anywhere, anytime, if you have access to the internet.
Log in using your web-based browser from any device, or via the user-friendly mobile app for your phone our tablet.
Log in using your web-based browser from any device, or via the user-friendly mobile app for your phone our tablet.
Cloud-based accounting removes the element of time-consuming and redundant administrative tasks. Cloud-based accounting provides you on demand access to real-time data, helping you interact with your business’s finances and figures on a regular basis to assist the decision-making process.
Cloud-based applications and software encrypts your connection when data is transferred. Your information is encrypted on your device before it is sent to remote servers, and again when the information is sent back to you. In short, your data can’t be intercepted by a third party. Making cloud-based accounting safe.
Xero partnered with CloudConvert, the conversion experts, to help you simplify the move. They’ll convert up to 24 months of your accounts for free – for a seamless transition to beautiful accounting software.
