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Cloud accounting

What is cloud accounting?

Cloud accounting, also known as online accounting, refers to the use of accounting software where both the software and the data are stored online on remote servers. This approach provides access to real-time data from any device with an internet connection, which is a significant advantage over traditional desktop-based software.

With cloud accounting, you can automate many routine tasks, reduce data-entry errors, and access your financial data from anywhere. This makes financial data more accessible to non-accounting professionals and allows for real-time updates and collaboration. For startups, cloud accounting can provide an affordable and scalable solution, as it typically operates on a subscription basis and can be easily upgraded or downgraded as business needs change.

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