7 Benefits of Cloud Computing for Accountants


The public cloud services market has grown dramatically, and, according to Gartner, migrating to the cloud is a top priority for a third of companies. Analysts predicted the market would reach $266 billion in 2020. Accountants enjoy cloud computing, too. This article rounds up the advantages of available cloud services.


Cloud computing can help accountants:

  • improve productivity;

  • empower employees;

  • optimize operations;

  • reduce operating costs;

  • backup better;

  • scale effectively;

  • add security.


Let’s talk about each of these in greater detail.


#1 Improve productivity


Cloud computing centralizes access. Files are available on any connected device, in real time. Avoid version control concerns as files pass among your team members or between you and the client. Everyone can work on the most recent file that is instantly updated in the cloud. The files are accessible on other devices if needed, too.


#2 Empower employees


The cloud enables on-demand access to computing resources. This includes software, networks, servers, and storage applications. Accountants can work from wherever they are, on their own timetable, from their own devices. With the widespread adoption of remote work, cloud services have become even more appealing.


#3 Optimize operations


Previously, you might have had an expensive server in a closet. Replacement was the option when it reached its end of life or could no longer meet your needs. You had to research, budget for, maintain, and secure the next tech. Cloud computing provides access to the most up-to-date tools, plus, the vendor does the upgrading, maintaining, and securing. This lets you focus your full attention on the accounting business.


Additionally, the cloud can streamline accounting practices. You might also gain speed, as the computing runs on faster servers with greater bandwidth.


#4 Reduce operating costs


Many cloud computing vendors offer their services as a pay-as-you-go model. This means you pay only for your level of usage. Plus, you no longer have to pay to host and maintain the tech you are replacing with cloud services.