Future of cloud accounting??

By emily3924 ·
Tags: Cloud
I have been working in an accounting firm and we have just started using cloud accounting. Though i am a certain that it is a wise move but i am really worried if this would prove to be as a good decision in future as well..any help???
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Benefits of cloud-hosted Accounting

by Jac11 In reply to Future of cloud accountin ...

We believe you heard about that every organization is shifting for virtualization because of the data security and flexibility on the work.
Cloud-based accounting software like QuickBooks, Sage 50 etc. help you to reduce the cost as well as improve the security and backup of your data at the ultra-secure online virtual system.
To know about the benefits of moving on cloud accounting you can go through this link-

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The future of cloud accounting is undoubtedly on the bright side

by Vipul0168 In reply to Future of cloud accountin ...

Hi Emily

I can understand your conundrum as I believe you have just started your journey in cloud accounting. It's a fact that adoption of cloud-based services has proven to yield efficiency in terms of workability, security, cost, etc and The future of accounting and accounting practices is predicted to become more and more technology based, rendering the conventional accounting practices obsolete.
You can refer to this really descriptive infographic that will help you understand better:
Hope it helps reduce your worries.
Thank you.

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by Arsen01 In reply to The future of cloud accou ...

Cloud computing is an information technology (IT) paradigm that enables ubiquitous access to shared pools of configurable system resources and higher-level services that can be rapidly provisioned with minimal management effort, often over the Internet. Cloud computing relies on sharing of resources to achieve coherence and economy of scale, similar to a utility.

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The Benefits of Accounting in the Cloud

by Gulfsha In reply to Benefits of cloud-hosted ...

You can use cloud-based software from any device with an internet connection. Online accounting means small business owners stay connected to their data and their accountants. The software can integrate with a whole ecosystem of add-ons. It's scalable, cost-effective and easy to use.
In the cloud, there’s no need to install and run applications on a desktop computer. Instead, you pay for the software by monthly subscription.

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The reason why cloud computing is often seen as cost-effective

by sloperun3 In reply to Benefits of cloud-hosted ...

The reason why cloud computing is often seen as cost-effective is that savings can come in a variety of forms; one being that a business doesn’t have to buy, upgrade or maintain their services and related hardware. Other advantages include the reduced levels of electricity from not having the servers in-house, reduced IT maintenance costs and not having to make an upfront investment in software or purchase software for each computer in the business.

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Future of Cloud Accounting?

by varuntomar551 In reply to Future of cloud accountin ...

Not just Cloud Accounting, But overall cloud computing is set to become one of the key technologies which humans use in their daily life. According to an article published by NetCom Learning, "47% of companies are using popular cloud deployments, including email, messaging, business applications, and data storage. It is predicted that the utilization of cloud services, applications, platforms, and infrastructures to enhance business performance and productivity will exceed 50% of all businesses worldwide in 2018". Therefore, without any second thoughts, you should go for a career in Cloud Accounting. You can try learning Intuit QuickBooks, it is one of the most widely used cloud accounting software available in the market today. You can also check out this article to learn about the scope in Cloud Computing:

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