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Before we dive into the myriad of benefits, let’s take a quick look at what cloud accounting is. Traditional desktop accounting software is downloaded to local hard drives and can only be accessed from these physical locations.

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The days of maintaining on-premise networks and storage systems are behind us. Cloud-based applications and remote working require companies to move storage needs to the cloud.

Cloud computing has remarkably transformed the accounting process and changed the way accounting is done.

Trying to figure out which cloud solution is right for you? Before you sign up with a big provider like Microsoft (or Amazon), make sure you know what more streamlined and customizable private cloud services have to offer.

Many small business owners struggle to manage costs while trying to grow. The availability of cloud-based software solutions and data services makes it easy to add new employees and expand services.