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Cloud Accounting Benefits


If you compare using traditional desktop accounting software to cloud accounting, the cloud has many security advantages:

it eliminates the need to continue to email confidential documents or taking your USB stick with your data on into your local accountancy firm where it can be lost or stolen 

your data is backed up automatically and stored on the cloud.

multi-factor authentication is used across most cloud hosted accounts and requires the user to provide two or more verification factors to gain access to a resource such as an application or an online account. Thus it decreases the likelihood of a successful cyber attack on your accounting data or personal details from your cloud accounting platform.  


Switching to cloud accounting means your data will be uploaded and updated in real time. Quick access to financial data and information means you can take informed decisions faster.


Cloud accounting automates many business functions, resulting in reduced human error and more accurate and efficient posting of repetitive invoices or journals compared to manual data entry.


No one cloud accounting app will meet all of your business needs, but most cloud accounting apps make it easier for you to integrate with other online apps to be able to carry out all tasks through just one digital platform. Integrations include Receipt Bank which erases the need for manual data entry and replaces it with data capture. There are also integrations for cash flow forecasting, sending invoices and increased productivity through integrated HR and employee management tools. 

Read our FAQ's on cloud accounting.

To find out what cloud accounting solutions are available for your business, please contact your local Moore office.