Is there a Risk in Cloud Accounting?


"Cloud" is a term that means "server." Your computer is essentially the client. The computer where you store data or retrieve data over a network is a server; it "serves" data to you. The idea behind cloud accounting is that it allows you flexibility and backed-up data.

The only risk in cloud computing is that the data stored on the cloud server technically does not belong to you as it’s stored elsewhere. Don’t worry though, this does not inevitably effect your privacy, as good accounting software suites protect your privacy.

Legal Privacy

 Legally speaking, the only time your data is protected is when it is in transit. Wiretapping laws make it illegal to intercept data in transit. However, when choosing a company, be sure to choose one that protects your legal rights. 

Confidential Information

 Your financial data is highly confidential, so you need to choose a trusted software that guarantees your data will not be given to any third party company. 

Software Quality

 Web-based software has come very far in the last 20 years, and technology is ever improving and advancing. Modern cloud-based systems are screaming fast and capable of doing mind-boggling numbers of accounting calculations in fractions of a second. 

Advertising Disclosure

This site is a free online resource that strives to offer helpful content and comparison features to its visitors. Please be advised that the operator of this site accepts advertising compensation from companies that appear on the site, and such compensation impacts the location and order in which the companies (and/or their products) are presented, and in some cases may also impact the rating that is assigned to them. To the extent that ratings appear on this site, such rating is determined by our subjective opinion and based on a methodology that aggregates our analysis of brand market share and reputation, each brand's conversion rates, compensation paid to us and general consumer interest. Company listings on this page DO NOT imply endorsement. Except as expressly set forth in our Terms of Use, all representations and warranties regarding the information presented on this page are disclaimed. The information, including pricing, which appears on this site is subject to change at any time.

Top 5 Accounting Software Sites