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What is QuickBooks® Online Cloud Accounting
Online cloud accounting software incorporates the upside of traditional desktop accounting software with the many benefits of the cloud. The big plus of cloud accounting is that it makes financial data available anytime, anywhere, from any device with an internet connection. It provides real-time insights into a small business’s financial situation the accounting file can be shared by multiple users at the same time.
Bookkeepers and accountants can take care of the basic responsibilities like bank reconciliation and the payment of bills, as well as, handle the more complex tasks, such as in-depth reporting and long-term forecasting and planning. Cloud accounting software relieves bookkeepers and accountants of busywork, giving them the ability to offer more valuable services to their clients.
Getting off the ground with cloud accounting software is simple, there are no expensive upfront costs or major investments of time. In most cases you just pay your first month subscription fee and begin. Cloud users do not have to worry about a new version of the software being released down the road as their software is updated in the cloud and made immediately available to all customers.
With desktop software, a hard drive crash, a water spill, a fire, or a power surge can mean the total lose of years worth of information. With the cloud, data is stored remotely, eliminating the risk of financial information being lost forever due to unforeseen circumstances.