Highlights of Cloud Accounting Apps

Nick Gholkar writes:. Major accounting firms face problems on a grand scale. It can be difficult to keep track of properties that are constantly shifting. Many accountants are looking for a way to make their job easier. That is why several companies have released accounting applications that utilize cloud software.

An article on www.zdnet.com lists a few companies' attempts to take advantage of cloud software to help with accounting. Cloud software allows for information to be shared across digital networks. This will help firms keep track of their properties from multiple locations.

Nick Gholkar explains the first app is named after its parent company, FinancialForce.com. Based out of San Francisco, the company is focused on innovating accounting software and integrating it with custom relationship management records. Larger businesses with a higher amount of assets will find better use from this application.

The next app is called FreeAgent and is directed towards lone accountants who work independently. This app provides simplified assistance with bookkeeping and invoice records. FreeAgent works well with PayPal and has a program in it that calculates and converts various countries' currencies.

Intacct is based out of San Jose, California, and has existed for roughly 14 years. Approximately 6,000 businesses use this company's software for their accounting needs. Intacct has software that manages various departments of a company including inventory, vendor relations, and financial reporting. Fast-growing companies can find the most benefit from this application.

Kashoo is a mobile application created in Vancouver. As of late spring of 2013, there are over 100,000 users. Firms can access Kashoo via their smartphone or tablet.

Monchilla derives its success from its simplicity. Thousands of businesses have been using this application since its inception in 2012. Monchilla offers a complete payroll component for tracking employees' assets. The application is compatible to other digital services such as Intuit QuickBooks.

Outright was created by two former Intuit employees who were looking to organize their financial data for their own startups. Outright is one of the top hits on Google Apps Marketplace with over 200,000 customers. GoDaddy purchased the company in 2012 and uses it to help manage small business assets.

The last two applications are focused more towards smaller accounting firms. Rhino Accounting can be integrated with Google Apps' accounting module for convenience and can recognize Google Contact lists. Wave Accounting is a free application that is great for small companies who want basic accounting features like payroll management.

"Accounting is becoming so much easier in the 21st century," says Nick Gholkar. "This new technology is simplifying the fund management process, which leads to a more efficient workplace. Cloud software is underestimated for the convenience it provides. Accountants can use cloud applications to share information across multiple databases. It's a revolutionary way to store and transfer vital data."