Move over desktop accounting software, there is a new kid in town - cloud-based accounting!!
Cloud what? Every time you use online banking, you are accessing data from the "cloud." Using the cloud platform means that you no longer save data or back up your files on your computer. All of your data will be safe and accessible online, anytime, anywhere and from any device. Cloud-based software companies ensure that the security and privacy of data about you and your organization is always airtight. If you use online banking, then you’re already primed to use cloud accounting. In addition to this, if you invite users to view your data, you can control the level of access. This is much more secure than the old-fashioned way of emailing your files or sending out a USB stick.
If you are concerned about the safety of storing your data in the cloud, don't be - the cloud is one of the most secure ways to store information. In the event of a natural disaster or fire, being in the cloud means business productivity doesn’t need to be affected because there’s no downtime. All of your information is safely and securely stored off site (in the cloud). As long as you have access to any computer or mobile device connected to the internet, you’re back up and running.