Cloud Computing

3. Content
❖ Introduction
❖ Types of cloud computing
❖ Why we use cloud computing in accounting?
❖ How it works cloud computing in accounting?
❖ Merits and Demerits
❖ Conclusion

4. Introduction
Cloud accounting software is similar to
traditional, on-premises, or self-install
accounting software, only the accounting
software is hosted on remote servers,
similar to the SaaS (Software as a Service)
business model.
Data is sent into “the cloud,” where it is
processed and returned to the user.

5. Types
The main three types of cloud computing
are public cloud, private cloud, and
hybrid cloud.
Within these deployment models, there are
four main services: infrastructure as a
service (IaaS), platform as a service
(PaaS), software as a service (SaaS), and
serverless computing.

6. Why we use?
❏ Cloud accounting solutions provide an equally secure (and
sometimes even more secure) method of storing financial
information than traditional accounting software.
❏For instance, a company computer or laptop with critical
financial information could be lost or stolen, which could
lead to an information breach.
Accessibility: Cloud-based applications and data are accessible from virtually

7. How it works ?

8. works
➔ Cloud accounting is a system that allows multi-user
access and safe online or remote server storage.
➔ Your users send all your data to cloud providers where
the same data is processed and safely stored, and
returned.
➔ Cloud technology allows business processes to be
streamlined and tailored to company growth.

9. Merits
Mobile access at any time.
A cost and time-effective solution.
Watertight security and no time-consuming back-ups.
Share and collaborate with ease.
Reduces paperwork and is more sustainable.
Better control of your financial processes.

10. Demerits
1. Security.
2. Recurring Costs.
3. Lack of Human Supervision.
4. External Technological Limitations.
5. Reliance on Non-proprietary Software.
6. Bandwidth or Data Limitations.

11. Conclusion
Cloud computing is the future of accounting
procedures in small and medium-sized businesses.
Accountants must seek training to learn the cloud
computing operations for job survival in the
accounting industry. Cloud computing cannot
replace accountants.