Cloud Accounting
Traditionally, accounting was executed using software hosted locally on a desktop computer’s hard drive. Cloud accounting, on the other hand, is accounting that is executed using software that is hosted remotely on the cloud, in other words on the internet.
Cloud accounting software can revolutionise the efficiency of your bookkeeping, streamline your financial administration and provide a real-time view of your key numbers. But with so many platforms on the market, how do you know which one is right for you? HK Accountax can select the correct accounting software which is best suited towards your business activities and setup. We specialise in majority of the online accounting software’s and for that reason we can confidently carry out the work which is required of us.
Given the sensitivity of the data associated with cloud accounting applications (e.g., banking and financial data), security is a top concern in the cloud accounting space.
When compared to traditional desktop accounting software, which could be compromised if a company computer is stolen, lost, or damaged, cloud accounting software has many security advantages. Each cloud accounting software should have its own security policy outlining how it protects sensitive data. Most software’s use state-of-the-art measures such as multi-factor authentication and encryption, ensuring sensitive data will remain secure.
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