Cloud Accounting App – Overview

Why are Online Accounting Apps so popular?

Online accounting apps have exploded into the business world in the last 5 years, what is the reason for this enormous growth?

• You can access them anywhere you have an internet connection on any device.
• Low per user per month capital cost is no barrier.
• Continuous backup and security of data.
• A constant stream of “free” updates and fixes.
• Most integrate with Banking and other business apps.
• They are often promoted as exciting and fun to use.

But it is important to consider:

• They often only provide very basic stock control and order processing functions.
• They may not be suitable for manufacturing or service industries.
• You need a reliable internet connection. No internet – no App!
• The user experience may feel unfamiliarity as they are usually designed for tablets and phones.
• If you need payroll and asset tracking, they may be unsuitable

Take your time to evaluate which is best, ask your accountant. Be aware of free trial periods that you need to provide your credit card details to access.