What is Cloud Accounting and how it works?

Best Accounting & Inventory Software Training in Singapore
Best Accounting & Inventory Software Training in Singapore
July 24, 2018
Automate Accounting and Invoicing Tasks with Onestopaccounting
Automate Accounting and Invoicing Tasks with Onestopaccounting
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Cloud accounting, also called online accounting, acts the same function as cloud computing. You might install the software on your computer but it runs on servers and you can access it using your Internet. In some instances, you won’t need to install the software on your computer and can access it via web browsers.

How Cloud Accounting works

Cloud accounting software basically works in a similar way as all other cloud-based software. Files that would normally be stored on a hard drive are stored online. Because the information is stored in such a way that it is always accessible. At One Stop Accounting Software, we install the desired applications on the Client’s server in a cloud environment so that the entire business operation can access the HQ server anytime, anywhere. Thanks to the development of mobile devices like smartphones, cloud-based accounting means that you can take care of your businesses finances from wherever you are. Whether you’re stuck in traffic or want to take a much-needed vacation, you’ll always have the ability to log in and get work done in the event that an emergency arises.

One of the major benefits of cloud-based accounting software has to do with security. The important financial documents associated with your business are protected from nearly all of the catastrophes that could spell havoc for your organization if you were using traditional storage methods. If someone breaks into your business and steals your work computer, you don’t have to worry about them getting access to all of those financial documents at the same time. The financial documents are safe because they were never stored on that computer in the first place. They’re also safe from a fire, from a hard drive failure, from general data loss and other types of situations that business owners needed to worry about in the past. Cloud-based accounting software also takes the extra step to encrypt your data to help keep it safe from malicious individuals who may be trying to access it using computer systems, viruses and through other means.

Cloud-based accounting software is essential software as a service, which means that the software you use to keep track of your important business information doesn’t need to be installed on a computer. If you wanted to use a program like Microsoft Word, for example, you would need to obtain either an installation file or an installation disc through official methods and install that software onto the machine you planned on using it on.

With cloud-based software, no installation is needed because the software is always stored in the cloud. All you need to do to use a service like Onestopaccounting is open the Web browser of choice on your device, navigate to the official Onestopaccounting website and follow the instructions to get your cloud accounting software.

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