If you own a computer, there’s a good chance you have utilized cloud computing. Email sites like Hotmail, Gmail and Yahoo are all cloud based which means that you access your account and data online. It is not stored on your computer. In the accounting world “the cloud” is where you access your software, files and data at any time, from any device as long as you have an internet connection. It’s changing the way businesses communicate, bank, work, sell and buy.

Intuit QuickBooks Online

• QuickBooks is an easy-to-use Cloud-based bookkeeping solution,”Money bar” keeps business focused on cash flow ,Strong interface ,good reports. QuickBooks puts everything right where it should be

Xero

• Easy to use and most innovative ,Leader among micro and small businesses (1-20 staff) ,Still missing a basic inventory and is limited on the number of transactions (around 1000 a month)

MYOB Advanced

• Powerful program that can handle complex inventory ,Only just launched, so few partners likely to know how to implement it .