The benefits of cloud accounting are now well established. If you aren’t aware of these, you should contact your accountant immediately to discuss the business benefits you’re losing by not being part of the cloud software community.
One of the benefits of cloud software is the security it provides by utilising the servers of large and secure companies like Xero, Intuit and MYOB. However, like any other internet service, it is not 100% risk free. Generally speaking, the big software companies (including Microsoft, Xero, MYOB & Intuit) are not required to back up client data and don’t have to recover it for you in the event of a security breach.
So if something does go wrong or there is a glitch in the service, what remedies, or better yet, preventative measures, can you take?
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