Desktop vs Cloud Accounting Software – Guide
Accounting goes back long before the invention of computers. However, it is so important to business that it is often at the forefront of technology. The profession depends on the ability to create, manage and retrieve records and produce real-time financial reports. In the past, all of this was done manually, but luckily those days are behind us. We may already be in the midst of the digital accounting era, but the next big step is already upon us: the cloud accounting era. What is Cloud Accounting/Cloud Computing/Cloud Services? Cloud computing goes by many names and allows you to access data through an active internet connection, so you are no longer tied to a specific computer. By using the cloud, you are free from these restrictions. Just log into your account on virtually any connected device and you will be able to access your data. This new paradigm means flexibility, efficiency, reliability and security… and much more power. (More on that later…) There are several reasons why you should consider jumping to the cloud for your accounting needs.
Accounting software for desktop versus cloud
desktop accounting software
Desktop accounting software installs directly on your own computer. This means that both the accounting system and all of your company’s accounting data reside on your desktop or laptop. Traditional accounting software solutions were desktop-based. You have downloaded an application to your computer, either for free or for a one-time fee, and you can use it as needed. While this is cost-effective, it also means that you must take responsibility for updating the software and supporting it. up your data. With a desktop solution, if your computer crashes, all your financial data will be lost unless you buy an external hard drive or server and come back up your data regularly. Also, desktop solutions are not designed to work on tablets or mobile devices. You can only work on the go if you bring your laptop like you. However, the fact that you can access your software without an internet connection is a big plus if you travel frequently or work in places with poor or limited internet connections. Here is an overview of the advantages and disadvantages of desktop accounting software:
Benefits
Disadvantages
Cloud accounting software
Cloud accounting software is stored “in the cloud”. In others words, both the system and its data are stored on the Internet. Therefore, it can be accessed from any place or device that has an Internet connection and secure access. In the past, cloud software was considered less secure because everything worked over the Internet. However, security and encryption methods are constantly evolving, so your data is now safer than ever before. Many cloud-based accounting solutions even use bank-level encryption software. In others words: Your data is as safe in your software as it is in your bank account. In fact, it’s probably more secure than data stored on a desktop computer. Unless, of course, that computer is never connected to the Internet. one of the most attractive features Cloud software is the ability for multiple users to access and work with it simultaneously. Not only can you easily switch between desktop, laptop and mobile, but you can also have one or more of your employees working on the software at the same time. Do you hire an outside accountant to prepare your financial statements and taxes? In that case, you can also grant them access easily. Here is an overview of the advantages and disadvantages of cloud accounting software:
Benefits
Disadvantages
It’s time to jump to the cloud
It’s no surprise that, for us, the cloud is the clear winner in this epic battle with the desktop. Still, making the right decision when choosing accounting software is extremely important. First of all, you need to choose the software that gives you the features you need. Dryrun is cloud-based financial forecasting software for small businesses. Our unique scenario-based and highly flexible system approach gives you the ability to connect to Xero, QuickBooks Online and Pipedrive.
Final note
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