Recently, a question was asked of me by a friend who isn’t particularly tech savvy. “What is cloud accounting”, he asked?
I pondered for a moment and answered as best I could. “Well…it’s an accounting application that runs in a web browser on the Internet instead of being downloaded and installed on your computer. You log into it from a browser and the data is securely stored ‘in the cloud'”. As soon as I said the word “cloud”, I knew, judging by his expression, that the next question was already being formed: “When you say ‘cloud’ what exactly do you mean?” Read more