What is your current backup method for your cloud accounting system?
Many people still manually backup their cloud accounting system files but not everyone is backing up. The accountants and bookkeepers who don’t backup their files usually fall into one or two mindsets;
1. They don’t know the provider is not responsible for backing up their own files.
2. They trust the cloud to work perfectly.
You might think that when the cloud provider recommends the bookkeeper or accountant back up their cloud files, they would… That’s the problem, the cloud provider hides this advice in their terms of service, you know that document that no one reads.
Many accountants and bookkeepers today enjoy the massive benefits of cloud accounting. From cost savings to time savings, to ease of collaboration, it’s just better! When you have all of those benefits you also have some risks and the risks aren’t the same as when you used to use desktop software. Risks include:
1. Hackers.
2. System failure.
3. Data loss or corruption.
4. Non-compliance.
