What is Cloud Accounting?

 

Cloud Accounting software is accounting software that is hosted on remote servers off-site from your location. Your information and data is sent into 'the cloud' where it is stored and maintained on behalf of your business.

In cloud computing, users access software applications remotely through the Internet or via a cloud application service provider. Using cloud computing software frees the business from having to install and maintain software on individual desktop computers. It also allows employees in remote or branch offices to access the same data and the same version of software.

Most accounting application providers typically charge based on usage – compared to software license fees and annual subscriptions associated with a traditional accounting software program. Data backup and disaster recovery are included as part of your cloud accounting software account.

Why you might like the cloud:

  • accessible from anywhere with internet access

  • daily bank feeds

  • it's safe and secure

  • no installation, upgrades or maintenance

  • clear financial management reports

  • quick and easy GST returns

  • fantastic dashboards and graphical insights

  • easy invoicing

  • cashflow clarity

  • real-time collaboration with your accountant.

  • Your Xero Services

  • Xero Advice & Support

  • Xero Training

  • Business Process Consulting

  • Xero Add-On Advice & Consulting

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