cloud based accounting Flashcards Preview

test > cloud based accounting > Flashcards

Flashcards in cloud based accounting Deck (3)
Loading flashcards...
1

Define cloud based accounting

Accounting software hosted on remote servers. It provides accounting capabilities to businesses in a fashion 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.

2

Pros of cloud based accounting

flexibility, easy sharing, lower maintenance, managed back ups

3

Cons of cloud based accounting

Data security, internet availability, cloud server reliability, vendor credibility