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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