4. More secure

Desktop accounting software is prone to compromise or loss of data, no matter how hard you try to protect it there is still the chance of hardware failure, fire, flood, burglary.

Even if your accounts are kept on a stand-alone computer, dedicated solely to the accounts, backed up religiously, protected by state-of-the-art anti-virus software, monitored fire alarms and guarded by a pack of rottweilers, then you are spending a small fortune on something which is not as secure as it could be hosted on the cloud. Secure server facilities and daily, encrypted, off-site backups mean that your data is safer than houses.

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