Traditionally, accounting software are installed within the user’s computer and the data resides within the system. With cloud technology quickly catching on, users now have the option to choose an accounting software that is hosted in another environment than their computer.
The best accounting software or cloud technology lets you securely manage your accounts wherever you are. Your data and the accounting software are stored in the cloud (in a remote server or computer). To access and interact with your data and the cloud accounting software, you just need an internet connection.
This is important as running a business means you’re often on the go. Between internal meetings, pitching products or services to clients and visiting suppliers, finding time to work at can be difficult. It’s essential to have real-time information about your business’ finances.