What is accounting cloud computing and financial cloud?

The main features of accounting cloud computing

The main feature of Accounting cloud computing is the Cloud (Cloud). The cloud is a software and service platform that is based on wide area networks (including common cloud public Cloud and private cloud Cloud and hybrid Cloud hybrid Cloud). The main features of the cloud based accounting system include:

Access the system anytime, anywhere – as long as there is a network connection. The current popular solution is completely dependent on network connectivity and is completely unusable without network connectivity.

Real-time collaboration – both the company's internal accountants and external accountants and auditors can simultaneously read and write information and publish updated content.

Subscribe to the trial pay model-different from the traditional buy software one-time investment, accounting cloud computing fees are generally monthly or paid, do not pay to continue to use.

The similarities between accounting cloud computing and traditional accounting software

Accounting cloud Computing and traditional accounting software are both accounting software, are used for bookkeeping tools. Whichever tool is used, the ultimate goal is the same: bookkeeping. The modern accounting software uses the Double-entry bookkeeping method as the principle, the relational database is the foundation, generally includes the following several modules: General Ledger, receivable, payable, Bank Cash account, salary and so on. This is the same in accounting for cloud computing and traditional accounting software.

Different points between accounting cloud computing and traditional accounting software

Some of the biggest differences between accounting cloud computing and traditional accounting software are:

Bank Reconciliation: In the Accounting cloud computing system, bank reconciliation becomes easy. Currently, the International mainstream Accounting cloud computing software supports real-time data from online Banking (live Feeds). Banks that do not have real-time data generally provide downloadable electronic statements. These electronic statements can be directly imported into the Accounting cloud computing system, making bank reconciliations simple and intelligent. In the accounting cloud computing system, accountants save a lot of time by not having to manually enter the content and amount of bank statements. The Intelligent Accounting Cloud computing system automatically remembers the transactions that have occurred and automatically recommends the amount of accumulated accounts, thereby reducing the time to manually select the subjects and taxes.

Data backup: Using traditional accounting software typically requires daily backup of data. All data on the accounting cloud computing system is real-time, and there is generally no need for backups. The mainstream accounting cloud computing system will retain the complete audit trail (Audit Trial) as the traditional accounting software, so it can be corrected by reverse entry when the error occurs and discovered.

Scalability: Because of its own network server, accounting cloud computing system has a good scalability, can easily with other business systems docking. Mainstream accounting cloud computing system such as Xero has developed its own plug-in platform, many provide data collation, pricing system software companies can focus on accounting cloud computing core system to develop practical value-added services. This is not possible on traditional accounting software.

Is accounting cloud computing secure?

All accounting cloud computing providers advertise accounting for cloud computing as safer than traditional accounting software, which I think is basically believable. Accounting software installed on PCs and LANs is easily cracked even if passwords are set. If the PC or local area network is threatened by viruses, Trojans and other security threats, accounting software is difficult to insulate itself. While accounting cloud computing systems are typically run on high-end commercial servers, these servers are generally set up in supervised data centers and are more secure and reliable than PCs, except for better logical encryption and protection. If users can accept the security of online banking, they should also be able to accept the security of Accounting cloud computing, because its data center and encryption level is the same.

Does China have accounting cloud computing?

Accounting cloud computing has been around the world for about 2005 years, and currently in the English-speaking countries, New Zealand, Australia and Canada's accounting cloud computing systems are in a leading position, typically Xero,wave accounting and Saasu. No Chinese versions of these systems are available. China's traditional accounting software open business Kingdee and Ufida are trying to develop online version of the accounting software, has now become mature. Because accounting cloud computing is very suitable for small and medium-sized enterprises and self-employed use, China's market potential is huge, I believe that soon international well-known developers will be interested in the Chinese market. However, due to China's unique tax system and the original document archiving requirements, as well as the use of Internet banking cumbersome and other factors, believe that China into the real sense of the accounting cloud computing era, there is a long way to go.

Financial Cloud

What is financial cloud?

Financial Cloud is the group enterprise Financial Sharing management mode and cloud computing, mobile Internet, large data and other computer technology effective integration, the realization of financial sharing services, financial management, capital management of the three centers of unity, set up a centralized and unified corporate Finance Cloud Center, supporting the multi-terminal access mode, to achieve "accounting, reimbursement, capital, decision-making" In-group collaborative applications.

What problems can the financial cloud solve?

The

is mainly embodied in four aspects: first, realize the sharing of financial resources, reduce the duplication of personnel and hardware and software systems, reduce the overall operating costs; second, strengthen financial control, strengthen management accounting construction, through shared services to achieve data concentration, to provide management with accurate, timely and complete accounting information, Deep participation in business operations, improve operational capabilities; Third, enhance enterprise integration ability, support enterprise's business integration and rapid expansion; four, through the standardization of business, personnel specialization, improve financial efficiency, improve financial service quality.