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Cloud Accounting System: Benefits, Limitations, and Comparison of Three Software Packages

   

Added on  2023-06-15

12 Pages775 Words204 Views
ACCOUNTING
INFORMATION
SYSTEM
Name of the student:
Course:
Date: 28.11.2017

INTRODUCTION
Cloud accounting system is a new
technology that has been designed in
recent years and the managers of Jones
and Associates are contemplating
installing the same.

BENEFITS OF CLOUD
ACCOUNTING SYSTEM
It is fast and takes less time to process
the data.
It is very accessible.
It is very cost effective.
It helps in storing large amount of data
at one time.

LIMITATION OF A CLOUD
BASED ACCOUNTING SYSTEM.
It is not a solution to all the problems
that an enterprise might be facing
There may be a possible downtime
There are probable security issues
It is very costly to invest in the same
initially.

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