The Reality of Cloud-Based Accounting Software

When we talk about trends in accounting Application, it is clearly tempting to bring automation and data flow management these days, but there’s more to it than that.

Yes, we’re being driven to Accounting 2.0, where accountants are financial guides and yes, accounting firms are pushing for subscription revenue, which leads them right into the cloud. And yes, we’re doing more with less and saving time for clients. All of these things are true.

But the real interesting trend underlying all of this is the shift to cloud infrastructure. The cynic in me always says that this is due to revenue concerns. You drop a desktop program in the cloud, add a handful of features, and turn your one-time $400 purchase into a $150 per-year recurring revenue stream. The reality is, the cloud is just better.

Using shared resources does three things – probably more than three, but people love three, so here we are – to benefit accounting Application users: