There is so much talk about ‘Cloud Accounting’, but what does is actually mean?
Traditionally, accounting systems such as MYOB, Xero and Quickbooks were software programs run direct from your computer. Meaning the data is saved to your computer, network or hard drive.
However, in recent years the trend has been rapidly moving towards systems that are accessible online – via an internet connection. This means the data is saved in the ‘cloud’ (mega data centres run by the likes of Amazon), instead of on your computer, network or hard drive.
So what are the pros and cons?
If you are currently using a non-computerised accounting method for your business, or using an offline software program, then we urge you to call our office on 6652 2333 to chat about alternative solutions that suit your business.
– Posted 10.8.18
This article is compiled as a helpful guide for your private information and is subject to copyright. We suggest that you do not act solely on the basis of material contained in this article because items are of general nature only and may be liable to misinterpretation in particular circumstances. We recommend that our advice be sought before acting on any of these crucial areas.