Cloud Accounting: Advantages and Limitations for Business Plus Advisors and Clients

Accounting information system
Name of the student
Name of the university
Student ID

Cloud accounting
 Cloud accounting is the method of accounting that is executed
through software that is remotely hosted on cloud that is online.
 It is the software that is identical to the on-premises, self install
or traditional software for accounting.
 Data is transferred to cloud where the data is processed and
sent back to user.
 All the applications related to the application are performed off-
site and not on the user’s computer.

 Under cloud computing the users are able to access the
software remotely through internet or any other network using
the service provider for the cloud application.
 Cloud accounting software does not require the business to
maintain and install software on individual computers.
 It further allows the employees of other departments or
branch to have access on the same information and same
software version (Rittinghouse & Ransome, 2016).

Benefits of cloud accounting as compared to
traditional accounting
From the perspective of Business Plus Advisors –
It allows the management of Business Plus Advisor to manage the
distributed workforce in better way. As the accounting data under
cloud computing can be added and accessed from anywhere employees
of Business Plus Advisor can easily and quickly complete the work
irrespective of the physical location.
If the finance manager of Business Plus Advisor is required to add the
expense receipts he can do so through cloud accounting software and
make it accessible to other managers of the company