More and more businesses are seeing the “light” and how useful and efficient cloud computing can be for their businesses. Cloud computing is a remote computing power that allows its users to access their business accounts through the internet. A third party poses as admin and provides the services of the cloud.

Data of the CDW’s Cloud Computing Tracking Poll revealed that about 84 percent of organizations are already using at least one of the many services of cloud computing. Furthermore, about 76 percent of those using cloud computing for bookkeeping and accounting services claim that they have reduced the cost of their applications which have been transferred to the cloud. As a result, they are saving about 24 percent every year.

The number of business owners who see the advantages of using this accounting software for small businesses and the things it can do for them continues to grow. For instance, buying hardware and software for data storage is no longer necessary as these are taken care of by the cloud provider.

Bookkeeping software offers several types of services like customer relationship management (CRM), email, payroll processing, invoicing and online real-time backup to name a few. Plus the customer only pays for the specific services it uses.

Though the benefits of cloud computing are enormous, there are still the possible risks that accompany it. However, these risks can be avoided. That is why it is advised that cloud computing users should refrain from using public wi-fi connections in accessing their accounts as there can be hackers around who may be looking to intercept their connection.