Cloud accounting apps offer the same functionalities as desktop accounting software. There is one big difference though: they run on remote servers and are accessed through a web browser.

The use of the cloud also makes it possible to install and maintain software on different computers, accessing the same database and using the most up-to-date version of the software for all users. With cloud computing it has also become easier to get reports and have your real-time visibility shared across your organization.

What are the benefits of cloud accounting?

Subscription-based models are popular with cloud accounting providers, and in most cases these services are usage-based, software updates occur with every new version developed, with no additional software costs required. But we can still describe it as a list of benefits associated with using cloud accounting:

Anytime, Anywhere Access : Accounting software and operational results are available from a browser or mobile devices.

Unlike desktop-based accounting solutions, this allows for flexibility and continuous use. Data Security More Effectively : Most cloud accounting software runs from a datacenter, which features multiple levels of security to protect software and customer data.

Compared to the standard used by small and medium-sized companies, the cloud has a much higher and more effective security level. Backups Performed Automatically : The cloud accounting solution provider assumes responsibility for system backups.

Your data is often stored in multiple data centers that are in geographically different locations. Platform Independent Usage : Do you prefer a Windows PC or Mac? As for the browser, which is your choice, Chrome, Internet Explorer or Firefox? In the world of cloud accounting this matters little, applications are delivered via a web browser and typically have support for different platforms.

Are cloud-hosted accounting applications right for you and your clients?

Traditionally, every time a company grows, it has higher costs for acquiring licenses and maintaining software. Companies also need to make large investments to purchase new equipment, such as servers and other technology assets.

With cloud solutions, they are not dependent on permanent equipment and licenses. Its subscription contracts are more accessible, with no increase in costs when the company expands. Also, cloud accounting requires much less maintenance than the traditional counterpart. The cloud provider performs backups, updates happen automatically, and nothing needs to be downloaded or installed on a company computer.

Cloud accounting services are an attractive option for small and medium business owners, as there are applications designed to meet the budget and needs of a typical small office or business, even for smaller enterprise owners with little or no experience in accounting tasks.

The adoption of cloud accounting has become increasing because it is revolutionizing the way finance and accounting departments work for companies. With this new accounting management format, companies began to demystify business management and began to have more flexible and agile control of their accounts.

Sky.One Sky.One strategic partner of AWS, combines the experience of cloud computing with solutions in various market segments . If you have questions about what cloud computing can do for your business, get in touch right now and find out how our technical team can help. And keep accompanying us on our blog with more tips and information.

Written by

Sky.One Team

This content was produced by SkyOne's team of cloud and digital transformation experts.