Cloud Accounting

Accounting Tree offer services for most Cloud Based Accounting services to serves small businesses, start-ups, and individuals. However, the reason to opt for cloud based accounting must be duly evaluated as it may present various advantages as well disadvantages for your specific business / industry. Some key factors include.

  • Integration and portability with other popular third party applications and programs.
  • Online (access from anywhere) / Offline access or both.
  • Backups and upgrade requirement.
  • Capital cost vs. Running cost
  • Scalability and Plans for long term growth and expansion.
  • Features vs cost
  • Ease of use and training.

Several cloud accounting companies are vying for the accounting and related services, targeting Startups, micro and small businesses.: Quick Books Online, Xero, Cheqbook, Kashoo, Wave, Zoho Books, and FreshBooks.

One of the informative reports, presented by Forbers in 2013, is a good start for reviewing the factors before making a selection for cloud services.

Another Article, though published in 2013, present additional information about realistic expectation from Cloud Accounting Softwares/Platform.