1. 5 Reasons Why
You Should Be Using
Cloud Accounting

2. What is Cloud Accounting?
If your accounting software is available over
the internet and allows you to access and
manage your accounting data and perform
other accounting activities, then you're
using Cloud Accounting.
Cloud accounting software such as
QuickBooks, Xero, Sage etc. helps you stay
connected with your accounting data and
accountants to work and collaborate in real-
time.

3. While cloud accounting has been in the market
for a long time, it’s however still not being used
by many accounting firms and individually
practicing accounting.
Here are a few reasons why cloud accounting is
now one of the most talked about topics in the
industry and why more firms and CPAs should
adopt it.

4. 1. Security
This is very evident that a business’s accounting
data includes the most crucial information for
both the business and their clients. Hence it
needs to be secured from cyber threats and
unauthorized access.
Cloud accounting software provides highly
secure and easy accessibility to data with highly
secured infrastructure that has 24x7 monitoring
guards and end-to-end encryption of data. Other
features such as two-factor authentication,
firewalls, and redundant backup ensure best
digital security of vital business accounting data.

5. 2. Mobility
Cloud accounting software shifts the data
and accounting process to the cloud, due to
which accountants can work from anywhere,
anytime using any device be it a Desktop,
Mobile or a Tablet.
Installation and software updates are carried
out automatically without interrupting your
work which further saves you a great deal of
time and money.

6. 3. Lesser Hardware and Space Requirement
Your accounting data and applications
are hosted on the virtual servers of the
cloud accounting service provider, so
the expense of installation and
maintenance of heavy physical
infrastructure is eliminated.
It also reduces extra costs incurred due
to the need of manpower to handle the
physical infrastructure.

7. 4. Multi-User Collaboration
Cloud accounting allows multiple users such
as colleagues, business partners, clients etc.
to access and work on the same data file
online, simultaneously, from anywhere and
anytime.
They can collaborate in real-time which
makes operations and campaigns easier and
more productive. The burden of managing
multiple users and keeping track of their
activities are also substantially simplified.

8. 5. Managed Backups
No one wants to loose his crucial business
financial data! Right?
In cloud accounting, multiple redundant
backups are maintained automatically and
in real-time which eliminates the data loss
and corruption problem which are
common with traditional setups, where a
natural disaster or man-made error can
compromise your data and business.

9. About Us
Ace Cloud Hosting is an Intuit
authorized Premier Reseller
and commercial host for QuickBooks
software and cloud accounting
provider to CPAs, Bookkeepers and
SMBs.
To know more, please visit:
www.acecloudhosting.com
Or call us at: 855-ACE-IT-UP

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11. References
Benefits of Cloud Accounting
- MYOB
Cloud Accounting Benefits for Small Businesses
- Ace Cloud Hosting
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