Security
The main concern expressed by business owners regarding cloud-based bookkeeping is security. While the internet in itself is not a secure environment, the companies that provide cloud-based financial services use security measures that far surpass the level of security a small business might have in place for their network or computer. So in fact, you might say your data is safer in the cloud. Cloud-bookkeeping software providers are acutely aware that their reputation is on the line when it comes to providing a secure service.