2015 Advertising Opportunities - Find Out More!

Differences Between On-Site And Cloud Computing Accounting Software

Differences Between On-Site And Cloud Computing Accounting Software

Differences Between On-Site And Cloud Computing Accounting Software

Software-as-a-service, with regards to accounting applications, simply means that accounting software is not installed in the business premises. It is run through an internet connection but still makes used of desktops, laptops, or any device which can access the internet. There are, however, basic differences between an accounting application installed on-site and accounting software installed in the clouds. If you’re a business owner, you have to take time to differentiate between the two before choosing one over the other.

Cloud computing accounting software is highly accessible anywhere, anytime as long as there is strong internet connection. You and your staff can access your business’s data at home, at the office, or even when on a holiday. Your bookkeeper and your accountant can also access the data as long as they are authorized. This means that time spent on travel to your office is cut thereby reducing delays, and offering optimum flexibility. In terms of security issues, it is understandable why a lot of business owners like you are having apprehensions about moving your financial data in the clouds. However, most providers today give an assurance that your data is safe and secure because they have invested a lot of time and money with data security. In fact, data security, being offered by cloud computing vendors, is far better than the security you may have in place on-site.

Price is also something to consider. In general, cloud computing is more expensive than on-site accounting software. This is primarily because cloud computing is offering a service and not a product. You have to pay hosting fees, which can be annually, quarterly, or monthly. Non-payment of subscription fees mean you won’t have access to your financial data anymore. The cost of the use of cloud computing accounting application can vary depending on the functionality, the amount of transactions processed, or the number of authorized users. For on-site accounting application, a small business owner can just purchase an off-the-shelf accounting application and use it for at most 10 years. This can be a less expensive investment as compared to the amount of money you’ll have to pay the cloud computing vendor for 10 years.

Compared to on-site backup, data backup (Zoom Infographic) of software-as-a-service is religiously done, and are more efficient and reliable than your own. You also don’t have to worry about service packs and updates because your cloud computing vendor will take care of them automatically. Your IT staff won’t need to install upgrades on each computer. Cloud computing software also provides an assurance that you’ll have the most up-to-date software.

Response times can vary. An on-site accounting software has to deal with the data file’s organization, size of file, and network speed which can have a great impact on response times. For cloud computing accounting systems, you can find a supplier who has its servers in different parts of the world so that your business won’t be greatly affected by maintenance schedules. Also, you have to find an internet provider which can provide robust connection. In terms of customer support, there is really not much difference between on-site and software-as-a-service accounting software. Software support is usually located off shore therefore you can expect to wait long to be served. In choosing a software supplier, you have to ensure that there is local phone support so that you’ll have easy access to technical software support when you need one.

With the above discussion, you’ll surely learn a thing or two which will guide you in choosing the most appropriate accounting software for your needs. It can either be on-site or hosted in the clouds. As always, the choice is yours to take.

By Florence de Borja

Subscribe To Our Newsletter

Sorry, comments are closed for this post.

Comics

At CloudTweaks, we're plugged into the cloud, the internet of things and all that the web has to offer. From wearable technology, to mobile computing, cloud computing and big data, CloudTweaks is your source for updates and news on the most innovative technology.

Popular

Top Viral Impact

Cloud Infographic – Big Data Survey: What Are The Trends?

Cloud Infographic – Big Data Survey: What Are The Trends?

Jaspersoft Big Data Survey Shows Rise in Commitment to Projects and Decline in Confusion Nearly 1,600 Jaspersoft Community Members Participate in Second Jaspersoft Big Data Survey San Francisco, February 4, 2014 – Jaspersoft, the Intelligence Inside applications and business processes, today shared results from its Big Data Survey. Nearly 1,600 Jaspersoft community members responded to…

Cloud Infographic – Monetizing Internet Of Things

Cloud Infographic – Monetizing Internet Of Things

Cloud Infographic – Monetizing Internet Of Things There are many interesting ways in which companies are looking to connect devices to the cloud. From the vehicles to kitchen appliances the internet of things is already a $1.9 trillion dollar market based on research estimates from IDC. Included is a fascinating infographic provided by AriaSystems which shows us some…

Cloud Infographic – Cloud Fast Facts

Cloud Infographic – Cloud Fast Facts

Cloud Infographic – Cloud Fast Facts It’s no secret that Cloud Computing is more than just a buzz term as that ship has sailed off a long time ago. More and more companies are adopting the uses and benefits of cloud computing while aggressively factoring cloud services spending into their budget. Included is an excellent…

2014 Future Of Cloud Computing Survey Results

2014 Future Of Cloud Computing Survey Results

Engine Yard Joins North Bridge Venture Partners, Gigaom Research and Industry Collaborators to Unveil 2014 Future of Cloud Computing Survey Results SAN FRANCISCO, CA–(Marketwired – Jun 25, 2014) – Engine Yard, the leading cloud application management platform, today announced its role as a collaborator in releasing the results of the fourth annual Future of Cloud Computing Survey,…

Forrester Releases Its “15 Emerging Technologies To Watch Before 2020” Report

Forrester Releases Its “15 Emerging Technologies To Watch Before 2020” Report

15 Emerging Technologies To Watch Before 2020 The cloud, big data, the internet of things, and wearable technology have all featured heavily in Forrester’s latest list of fifteen technologies to watch before 2020. It is becoming a reality for businesses that they need to adapt and change to an increasingly technologically-minded customer base. Traditional marketing…

Featured Sponsors

The Internet of Everything Opens Up The World

The Internet of Everything Opens Up The World

Shaping The World With New Technologies As a connected collection of intelligent objects, the Internet of Everything promises to open up those areas of the world hardest hit by economic, political and agricultural blights. Relatively inexpensive devices, paired with revolutionary energy sources and unprecedented access to information offer great promise to farmers and workers in…

Salesforce Service Cloud: Air Traffic Control For Your Customer

Salesforce Service Cloud: Air Traffic Control For Your Customer

Salesforce Service Cloud One of the greatest benefits of the increasingly reliable and ubiquitous state of cloud technology is the removal of business silos and the consolidation of information flow, both in-house and on the road. This is of particular importance to the many different types of professionals whose work involves customer relationship management (CRM).…

Cloud Logo Sponsors

hp Logo CityCloud-PoweredByOpenstack-Blue square_logo_100x100-01
cisco_logo_100x100 vmware citrix100

2015 Advertising Opportunities - Find Out More!

Established in 2009, CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

Contact

CloudTweaks Media
Phone: 1 (212) 763-0021

Join Our Newsletter