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Cloud accounting

How secure is cloud accounting?

It is a common misconception that cloud-based accounting isn’t the safest method of storing your data. Many people are anxious about the security risks that may be encountered if you partake in online accounting. The term ‘cloud accounting’ is simply the phrase used to describe the online servers used to store your sensitive accounting data. Here at Kirkwood Wilson, we’re here to ease any cloud accounting worries you may have.

Worried about cloud security risks? No need!

Instead of utilising traditional accounting methods, such as storing your information on a hard drive or USB, cloud accounting is the perfect method of digitising your financial data whilst also ensuring the security of such information. If you take a moment to consider these traditional accounting methods, you may realise how susceptible they are to being lost, misplaced, or even stolen. You’ll be happy to hear that these factors are not an issue if you utilise cloud accounting.

By investing in cloud-based accounting software, even if your laptop was stolen, all of your sensitive financial data would be automatically stored and backed up without interference or panic. Additionally, and even more reassuringly, no one could access your cloud-based accounting software without your secure login details and password.

The perks of cloud-based accounting software

Many cloud-based accounting software companies, such as Sage and Xero, dedicate themselves to offering 24/7 security protection for your financial data. Xero, for example, is proud to say that their “data is encrypted using industry-standard data encryption” as well as having “multiple layers of firewalls” in place.

Not only are there very limited cloud security risks, but by utilising such software you can have a positive impact on the environment. Think of all the trees that could be saved by going paperless!

Security and data protection are not the only selling points of cloud-based accounting software. There are many more attractive perks! By making use of cloud accounting, you can gain a simple, clear overview of your business and finances, which is aided by constant real-time updates.

If you’re already accustomed to using online banking then you’re halfway there already. There really isn’t much difference!

For more information about cloud-based accounting software, or for a Xero or Sage consultation, contact Kirkwood Wilson today. Call 01704 546 000 or email enquiries@kirkwoodwilson.co.uk.

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