Cloud accounting software works exactly just like the traditional accounting software, only the cloud accounting software just like QuickBooks online is hosted on remote servers of QBO Transaction data is sent into “the cloud,” where it is processed and returned to the user.
All application functions are performed off-site, not on the user’s desktop. Which
enables you to use the platform from any devise as long as you can log in to
QBO. In cloud accounting, users access software applications remotely through
the Internet or other network via a cloud application service provider.
Using
cloud accounting software frees the business from having to install, maintain and
upgrade software on individual desktop computers.
Cloud
accounting solutions also allow employees in other departments, remote or
branch offices to access the same data and the same version of the software.
