Cloud Computing Q&A

Cloud accounting or online accounting allows multi users to work at the same time, is accessible across multiple devices such as laptop, PC and mobile phone and all that’s needed is an internet connection, unlike a desktop accounting software.
 
Furthermore, data is backed up automatically in cloud accounting, you don’t need to wait for the file to finish saving before exiting your cloud accounting software. Cost wise, you usually pay a monthly or yearly fee for cloud accounting instead of a one-off fee for desktop software.

I think the best way to decide if cloud is for you is to do a free trial on popular brands among business owners, such as Xero, MYOB or QuickBooks online. They all usually offer a 30-day trial for new customers, or you can consult your bookkeeper or accountant.