Cloud accounting software is similar to desktop-based solutions, except it’s in the cloud. That means, users will have access to their data from anywhere that has an Internet connection, and from any device – including laptops, smartphones, and tablets.
Why You Should Adopt It
Cloud accounting gives you the ability to have updates in real time. The best news is that your software is always up-to-date. With cloud accounting new features are being added all the time to increase productivity so you can focus on growing your business.
QuickBooks Online carries a monthly subscription, similar to Netflix. With a monthly subscription you can manage your accounting records including importing bank and credit card fees, emailing invoices and adding third party applications (applications are an additional fee). No long-term commitments mean you won’t feel locked in with a specific vendor or cloud accounting technology.