Cloud Based Accounting Software vs. Desktop Accounting Software: Which Is a Better Choice?

There are a lot of companies that are providing cloud based accounting software India. But before you make a decision for your own firm, it is quite essential for you to know about the difference between a cloud and the old desktop accounting software. This is because, in the world of business, there is not much space to make a mistake. And the kind of accounting software that you use is a pretty big factor in reducing errors.

Whether it is cloud accounting software India or desktop accounting software, both of them have their own pros and cons. Through this article, we aim to make it easier for you to decide which kind of software is best suited for your company model. Though with the internet becoming more powerful with each passing day, desktop accounting software still has certain benefits you might want to know before you make your final decision.

The Difference

A cloud based accounting software India is quite different than desktop accounting software. And the fact that not all software providers will give you both options, it becomes very important to make a decision considering certain factors. Let’s have a look at some of them.

1. Cost

This is quite a big factor. Every business has a different budget to spend on its accounting software.

In terms of the cost, a cloud accounting software India wins. The reason is that it is available at a minimal monthly subscription. In the case of desktop accounting software, the costing model is pretty upfront. And the software has to be updated on a yearly basis for a number of reasons.

Also, just purchasing the desktop accounting software isn’t enough. You will have to purchase a good PC to ensure that the software runs properly.

2. Security and Confidentiality

A desktop accounting software is considered to be less secured as compared to cloud-based accounting software. This is one of the biggest reasons why cloud accounting software has become so popular in the past few years. Since the data is handled by professionals, it is considered safer.

There have been a number of cases where the data from a system has been stolen. So, cloud accounting software India can help keep your important accounting data safe. Also, it will help you save the cost of hiring an IT staff to fix computer hardware-related issues.

3. Backup and Maintenance

Another important factor to consider is backup and maintenance. Most accounting software will allow you to create a backup of your data. Though it is true that creating a backup is much easier in the case of desktop accounting software, there are other things to consider here too. It is quite easy for you to lose your important accounting data from a desktop. There is always a possibility of your computer crashing in which case you will lose all your data. Or you can accidentally destroy some important files.

Having cloud-based accounting software ensures that you are able to create a backup of all your accounting data easily and safely without losing any data.

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