Accounting software has already taken the place of most of the accounting activities for several businesses across the world. These software has enabled the businesses to speed-up the accounting process and bring accuracy in it. There are several accounting software in the market which is capable of doing most activities. Now, these software are either Desktop Accounting Software or cloud accounting software. Many businesses seem a little confused about which types of accounting software. Well, before making any choice, you need to compare Cloud Application Vs Desktop Application of accounting software. It can then make it easier for you to decide about which software to use that can be better for your business.

What are the Key Differences Between Cloud-based and Desktop Accounting Systems?

You need to consider the important points of the types of the accounting software before making any choice.

Here is the Short Comparison Between Cloud Application Vs Desktop Application:

1. Explanation

The Desktop Accounting Software are basically traditional types of accounting software which are usually taken on pre-purchased basis. Here, one person can use this software on one computer only.

The Cloud Accounting Software can be used by multiple people from multiple location, as this software runs on the online cloud platform. They are usually charged on the monthly basis as per the features taken.

2. Costs

Desktop Accounting Software is usually costly comparatively, where the software is totally purchased.

Cloud Accounting Software is usually less costly comparatively, where the fees can also be paid on the monthly basis.

3. Users

Desktop accounting software allows only one person to access this software at one time.

Cloud Accounting Software allows multiple people to work at the same time on the software.

4. Security

Desktop accounting software has a lower standard of security and if you are working with an internet connection then your data is vulnerable to be hacked.

Cloud Accounting Software has a very good standard of security where multiple layers of encryption security is there.

5. Installation

Desktop accounting software needs to be manually installed and updated.

Cloud Accounting Software does not need to be installed regularly.

6. Data Entry

Desktop Accounting Software requires a lot of data entry on a manual basis.

Cloud Accounting Software requires very less manual data entry that eliminates a lot of work.

7. Updates & Backups

Desktop Accounting Software needs to take the data on a manual basis. There is a possibility of all data loss if the computer is destroyed or crashed.

Cloud Accounting Software does not need to take the data on a manual basis. Data backup and update is done on an automatic basis.

These are some important Key Differences Between Cloud-based And Desktop accounting systems. As it can be clearly inferred that cloud-based accounting has a lot of benefits in comparison to desktop-based accounting. So, it can be more beneficial for your business. If you do not have knowledge and experience of working on Cloud Accounting Software then you can outsource it to experts.

Meru Accounting provides cloud-based accounting services for the businesses. They have experts who have good experience working on Cloud Accounting Software. They have implemented it across businesses in different countries. Meru Accounting is a proficient accounting service providing agency around the world.