Introduction to Cloud Accounting: Benefits and Disadvantages for Jones and Associates

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 Cloud accounting is an accounting system that enables individuals or organization to
process financial data through the internet. The accounting system is hosted on
remote servers (Chang et al., 2017).
 Cloud accounting has helped users to receive more accurate financial information
that enhanced informed financial decisions in their organizations. The system is
automated and interconnected to relevant institutions that make it easy for the
business to effectively enter transactions to the business accounting system (Ruiz-
Agundez, Penya, & Bringas, 2011). Less manual work is required comparing to
traditional methods like balancing ledgers, inventory and payrolls .
Introduction to cloud accounting

 There are various cloud accounting systems examples outright,
kashoo, quick book, zoho books and yoldee. Most of these
accounting systems are suitable for small businesses. They are
accessible 24/7 despite change of location, transaction and
clients.
 Cloud accounting system`s saves time and tiresome work. This
encourages competent work.
Examples of Cloud Accounting Systems

 The following are benefits of using cloud accounting;
◦ Secure bank feeds are assured. Every user has a strong password
whenever they login in. This reduces risk of disclosing confidential
transactions made by clients (Spathis, & Ananiadis, 2005).
◦ Error free results are processed by the system. Since less manual work
is required (only data entry) ensuring good quality results and
performance
Benefits of cloud accounting to Jones and
Associates