what is cloud accounting?
Recording the income and expenditure of your small business to keep track of your historical financial performance is nothing new. Double-entry bookkeeping has been around for centuries and accounting software has existed for decades, giving finance teams the ability to record and track the money coming into, and out of, the company.
Getting more insight from your financial data
With instant access to real-time reporting and financial intelligence, you and your management team have the numbers, insights and key data needed to make sound and informed decisions.
Using automation to reduce workloads
The cloud accounting ecosystem allows for automated bookkeeping automated cash collection, and automated bank reconciliation, all of which radically cuts down on your team’s admin workload.
If you want your business to leverage the benefits of remote or flexible working, cloud accounting allows the management team and your finance department to access all the key numbers from anywhere they have access to the internet.
What We Have Here for You
All your data will be under safe hands.
Cloud Accounting Software options
The cloud accounting market is a busy one, with a range of different providers to choose from. Ultimately, the cloud accounting software that’s the best fit for your business will come down to your size, your accounting needs and the choice you want from your app ecosystem.
Frequently Asked Questions
Cloud by its nature is “on-demand” and includes attributes previously associated with utility and grid models. Grid computing is the ability to harness large collections of independent compute resources to perform large tasks, and utility is metered consumption of IT services, says Kristof Kloeckner, the cloud computing software chief at IBM. The coming together of these attributes is making the cloud today’s most “exciting IT delivery paradigm,” he says.
Naturally, a public cloud is a service that anyone can tap into with a network connection and a credit card. “Public clouds are shared infrastructures with pay-as-you-go economics,” explains Forrester analyst James Staten in an April report. “Public clouds are easily accessible, multitenant virtualized infrastructures that are managed via a self-service portal.”
You might say software-as-a-service kicked off the whole push toward cloud computing by demonstrating that IT services could be easily made available over the Web. While SaaS vendors originally did not use the word cloud to describe their offerings, analysts now consider SaaS to be one of several subsets of the cloud computing market.
Public cloud services are breaking down into three broad categories: software-as-a-service, infrastructure-as-a-service, and platform-as-a-service. SaaS is well known and consists of software applications delivered over the Web. Infrastructure-as-a-service refers to remotely accessible server and storage capacity, while platform-as-a-service is a compute-and-software platform that lets developers build and deploy Web applications on a hosted infrastructure.