What is cloud computing?
Cloud computing is the use of computer hardware and software applications delivered as a service over the Internet. It allows you to store files and use applications using many different devices and from many different locations in a simple way.
There are a number of different ways that the Internet infrastructure can be used to provide services (for a more detailed breakdown of these different models, the Wikipedia article on Cloud computing is a good place to start), including accessing applications using a web browser. If you’ve used internet banking before, you are probably familiar with this type of service. Applications delivered this way are sometimes referred to as “Software as a Service”, or SaaS for short.
What is cloud accounting?
Cloud accounting, also referred to as “online accounting”, serves the same function as accounting software that you would install on your computer, except it runs on our servers and you access it using your web browser, over the Internet. Your data is securely stored and processed on internet based servers—or “in the cloud”. This means you are able to access your business financials from anywhere and using any device, as long as you are connected to the internet.
There are many benefits to using cloud accounting. In addition to the flexibility of accessing your data from anywhere, you never need to install software on any device and updates are automatic.
IAIS can advise you on all aspects of your Cloud Accounting requirements and can direct you and your business to leading suppliers like Sage and Xero and work with you in operating your back office cloud requirements.