Cloud computing has emerged as the technology of choice for many industries. But what is the cloud and why are so many accountants embracing it? At its simplest, cloud computing is using software and other computer services over the Internet, usually using nothing but a web browser. Now is the time for accountants to move their IT infrastructure into the cloud in order to save time, effort, and money.

Different Cloud Services

Cloud accounting tools such as QuickBooks Online or Entryless are Software as a Service (SaaS) products. Cloud computing products are broken into different service categories, such as Platform as a Service (PaaS) or Database as a Service (DBaaS). SaaS is the most helpful category for most small businesses.

When we say it’s time for accounting to move to the cloud, we’re not only talking about accounting software. SaaS includes dozens of popular Internet applications, including Gmail, web discussion forums, and Google Calendar.

SaaS Avoids Hidden Costs

One of the big benefits that SaaS offers accountants is that the costs are predictable and usually surprisingly low compared to traditional computing. Desktop software has a sticker price, but conceals a lot of hidden costs. Both hardware and software upgrades are inevitable, along with support calls that sometimes leave both you and the technician scratching your heads.

SaaS saves you time by running on cloud servers and requiring less of your effort for non-accounting tasks. Software upgrades happen without bothering users. Because SaaS products are accessed by web browsers, their hardware requirements aren’t as strict, so new desktop computers aren’t needed as often. On-site support calls are nearly never needed for SaaS products.

Accountants in the Cloud

Cloud accounting makes sense for accountants and business owners because it is cost-effective and easy to set up. It saves the time, headache, and cost of future software and hardware upgrades.

For more information about how you can adopt SaaS in your business, check out our articles on getting started with cloud accounting