Benefits of cloud accounting:

• No more worries about using software that is not up to date;
• Only one copy of your accounting records not old backups to confuse you;
• User defined access allowing certain people access only to what they need;
• There’s no need to install and run applications over a desktop computer. Instead, you pay for the software by monthly subscription, no more costly upfront license fees;
• Data capturing into accounting systems is almost a thing of the past with cloud applications such as ReceiptBank able to use optical character recognition to capture supplier invoices and till slips automatically, and
• Cloud applications are accessible with most devices 24/7.