Cloud accounting or online accounting is an emerging technology that allows you to access and store your accounting data and software on the cloud rather than on a desktop computer.
According to Xero, around 41% of accountants are using cloud accounting, and 65% are planning to use cloud accounting software such as Xero, QuickBooks Online, Wave, FreshBooks, Netsuite, Kashoo, etc. Cloud accounting not only offers cost saving but also provides convenience i.e., anytime, anywhere access.
This video explores what cloud accounting is and the benefits it offers under 2-minutes.
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