No Nonsense Guide to Cloud Accounting Software

Firstly, what is exactly is Cloud Accounting Software?

Cloud Accounting isn’t exactly a new technology; it’s a new way of storing and receiving computing resources/data. The cloud part is what you would expect it to represent: the use of the Internet. Using the web, you can effectively store all of your data in the sky. This allows you to access your files and software from any computer or device, anywhere, anytime, even on the move. You only have to think about this concept for a minute to realise the potential benefits in business and home accounting. And because we are in a time of recession and global awareness, this new concept eliminates wasted office space and a lot of paper usage and costs.

So in Layman terms, the Cloud Accounting concept is very basic: you can run your computer applications over the Internet, without the hassle of installing or managing your own servers. So with nothing more than a browser and connection, you can run, store and manage your life within the metaphorical cloud.

Is it really that simple ?

Yes, well almost. Although an Internet connection and browser are required, you’ll also need to install and run a type of software. Not all software available requires a download, but you’ll have to pay to use their online services.

So which software is right for you?

No matter how big or small your company or home accounting needs, they all require some sort of computerisation system for filing and storage. At the lower end your requirements might be achieved using a simple spreadsheet or a smaller software package to deal with aspects like receipts and costs.

If you are looking for more than this, then a specialised accounting software package is the way to go - this will enable your business to grow and develop and offer more along the way.