What is cloud accounting?

Cloud accounting is a bit different than "typical" accounting in the sense that "cloud" means the server which holds the data are located off site, typically by a "host". Prior to the cloud, accounting data would be stored "on premise" - which means the information in your accounting software would be stored on a server that is hosted on site, typically within your building, it could even be stored directly on your computer. By going to cloud, you no longer have to host servers on site which takes up room and costs money to maintain. Cloud frees up physical space by not having servers store the information in your facility. This allows multiple authorized users in different locations to access, send, and receive data. Some people are concerned that cloud isn't as secure as on premise and that cloud is more prone to security breaches. However, to determine if that is the case, it would be wise to look further into advancements in cloud technology, since every few months the technology and security tends to increase. The most simplified version of an example of cloud is the internet. Anytime we use the internet we are pulling information through servers that are located in facilities throughout the US via the "cloud". We don't have the information of the internet stored on our computers, our computers simply pick up the data from the cloud and then relays the information onto our screen. If you have any questions about accounting software, please feel free to reach out! Jesse Kozazcki Brainsell 978-887-3870