What is "Cloud Accounting"?

Cloud Accounting is Online Accounting Software, as opposed to accounting software installed on a single computer or LAN.

The main feature of Cloud Accounting

The main feature of Cloud Accounting is Cloud. The so-called cloud is a software and service platform based on the wide area network (including the public **** cloud Public Cloud and private cloud Private Cloud and hybrid cloud Hybrid Cloud). Key features of cloud-based accounting systems include:

Access to the system anytime, anywhere - as long as there is an Internet connection. Currently popular solutions are completely dependent on a network connection and are completely unusable without one.

Real-time Collaboration - Whether it's the company's internal accountants or external accountants and auditors, they can synchronize reading and writing information and publish updates.

Subscription Trial Payment Model - Unlike the traditional one-time investment in buying software, accounting cloud computing is typically charged on a monthly basis or by payment of a fee, without which continued use is not possible.

Similarities between Accounting Cloud and Traditional Accounting Software

Accounting Cloud and Traditional Accounting Software both are accounting software, both are tools used for bookkeeping. Regardless of which tool is used, the end goal is the same: bookkeeping. Modern accounting software all use the principle of double-entry bookkeeping, relational database as the basis, generally include the following modules: general ledger, accounts receivable, accounts payable, bank cash book, payroll and so on. This is the same in both accounting cloud computing and traditional accounting software.