New Infographic: Assessing Cloud Accounting Applications
The ideas of cloud computing and cloud accounting are simple.
The accounting and other office applications are on the Internet, which CPA practices do not need to purchase, load, or maintain. There isn’t anyneed to hire technicians because these firms only need a broadband Web connection and a browser. Gone are the network switches, operating systems, applications, and servers at the local area. For cloud-borne operations, such things belong to the cloud, the Internet, and the cloud computing provider.
Infographic source: CloudTweaks
A CPA or other accounting firm can benefit from cloud computing in different ways. One, the overhead is quite low. System administration, upgrades, and maintenance become the responsibility of the supplier and everything happens in the cloud. Therefore, the practice need not pay a manager to monitor any software/hardware work which usually occurs during weekends or at night. For a small firm of 100 employees, cloud computing software typically costs 50% less than software installed in the firm’s premises, in a span of 4 years.
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