Why Cloud Accounting Software is Good for Your Business

Business owners have enough challenges to face without working against inadequate business software solutions. Their accounting platform needs to be as agile and versatile as possible so as to meet the dynamic needs of modern business. As such, many businesses are moving away from the inherent limitations of locally hosted accounting software toward cloud accounting solutions, which provide considerably more flexibility and allows accounting processes to be performed and addressed from anywhere as soon as the need arises.

What is the cloud, anyway?

The “cloud” is essentially a catchall term for the Internet. Cloud-based software is software that is hosted somewhere offsite on the software provider’s server and is accessed by through your internet connection. The cloud differs from locally hosted software by affording users ready access from anywhere, making it considerably more versatile for people who perform business processes from outside the office.

What are the benefits of moving to cloud-based accounting?

There are many problems associated with traditional off-the-shelf-and-onto-your-hard-drive software. The following are some of the challenges inherent to locally hosted accounting software:

Alternatively, cloud-based accounting processes inherently address many of these problems, opening up and making more transparent the financial processes your business needs to maintain:

Contact us at e2b to learn more about Sage Intacct. There’s a Reason Sage Intacct is the AICPA’s Preferred Provider of Financial Applications.