What is cloud accounting and why is it good for business? | Small Business Guides | Xero

Cloud accounting allows you to work smarter and faster. There are many benefits of cloud computing, and when it comes to accounting, working in the cloud will give you a better overview of your finances, and improve collaboration with your team.

Other advantages of cloud computing: accounting software shouldn’t be a chore to use, and small business accounting software that you can’t access online can be tedious, sucking up far too much of your business’ time and effort. This doesn't add value, and takes the fun out of being in business. Cloud-based software can save your company time and money.

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Google disk, drop box, and similar services...

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So how is my data safe if it's on your server? The reason you don't create a desktop version of your software is because your customer's data stored on your server is more valuable.