What is Cloud Accounting?

You may wonder why there is a “cloud” word in an accounting context. Does it have anything to do with the white fluffy things in the skies above us? Well, the “cloud” is actually just a terminology referring to software or service that runs on the internet, instead of locally in your computer. Your information nor data isn’t actually up in the heaven or flowing with the wind, in fact, most of the cloud services can be easily accessed through an internet browser such as Google Chrome or Safari, and most companies even offer mobile apps that you can download.

As for cloud accounting software, it has the same functionality as a traditional self-install accounting software, the only two differences are that with cloud accounting software (1) data is hosted on remote servers and (2) it can be accessed from anywhere in the world. The function is very similar to the Saas (Software as a Service) business model. Your data is sent into the “cloud”, where it is processed and returned to the user.

There is no desktop application that you are required to download or maintain. All you have to do is go to your web browser, laptop or mobile phone is fine, just log in to an always-up-to-date online solution and keep track of your historical financial performance whenever and wherever you want! Also, all your data is safely stored on a cloud server.

At 360 Cloud Accounting, we used three types of cloud accounting software, namely Quickbooks, Xeros and Sage. Our clients can choose which cloud accounting system they prefer or our professional team will advise them.

Interested to know about how cloud accounting system can impact your business efficiency? Contact us now at info@360cloudaccouting.com or leave a message below. Our professional team will contact you at soonest.