What is cloud?
Cloud computing is a platform for storing data online via the internet and allowing users to access it from anywhere in the globe at any time using multiple machines.
Cloud accounting software
Cloud accounting software is more likely to be used than traditional accounting software, with the exception that traditional accounting software saves data on an internal server, whereas cloud accounting software saves data in the cloud, which you can access at any time. When users interact with data in cloud accounting software, the data is processed and then saved immediately. The primary distinction between cloud storage and traditional storage is where the data resides, which is externally rather than internally. There are numerous cloud providers available, including Xero, QBO, Sage50, Sage200, Zohobooks, Quickfile, and many more, each with its own unique set of features.