You must be coming across the term – Cloud Accounting very often these days and wondering what it is anyway. In simple words, its a new way of accessing your accounting software from the web browser without actually installing it. Its also referred to as online accounting. We already use such ‘online softwares’ delivered as services like internet banking, email, file sharing sites, etc Before going into more details, lets first understand what is cloud computing.

Business owners can access their data anytime from anywhere. Business owners are always on the move and are increasingly using tablets and smart phones to access latest financial data. With cloud accounting, they can see the business account balances, outstanding invoices, overall cash position and much more from anywhere 24/7 as long as they can access an internet connection.

Mr. Gupta runs a retail shop in Mumbai. One fine day, when he started his computer to enter sales transactions, he was in a rude shock. He was unable to open any program and some casino advertisements with nude ladies were flashing all over the screen. His computer was infected by a virus and the worst part is, his trusted anti-virus software couldn’t even detect it. He was left with no other option to format entire computer to clean the virus. Yes, he lost all his financial data just like that. Sounds familiar? We often think that our office or home is the best place to store data but its just a notion – a false notion. We don’t take enough measures to safe-guard our financial data. So, whats the solution? More and more small businesses are now using Cloud Accounting to addresses various data security issues. It not only helps them save some cost but also gives flexibility to work from anywhere.

At ProfitBooks, your financial data security has always been the top most priority. Here’s some of the ways we work to keep your financial data secure, and why we believe it’s often more secure than keeping files on your local computer or network. Your financial data is hosted on the cloud infrastructure provided by Amazon Web Services (AWS). The AWS cloud infrastructure has been architected to be one of the most flexible and secure cloud computing environments available today. Its trusted by large enterprises like Vodafone, Nokia, NASA and Unilever.