What is cloud accounting?
Definition of cloud accounting
Cloud accounting is the practice of using an accounting system that's accessed through the internet.
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Some accounting systems sit on just one computer. These are called 'desktop accounting systems'. Because cloud accounting systems are internet-based, you can access your records anywhere and on any device that has an internet connection using an app or web browser.
Example of cloud accounting:
FreeAgent is a cloud accounting system!
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FreeAgent's Chief Accountant Emily Coltman is available to answer your questions in the comments.