Online accounting solutions have become increasingly popular as of late. While online accounting is convenient, it certainly isn’t fool proof. We are asked regularly, “Do I still need cloud backups if I’m using an online accounting solution?”
The short answer is, yes, you do.
It is important to remember that cloud backups offer an additional layer of protection by storing your data in a highly secure location, dramatically reducing the risk of data loss due to data breaches, server failures, or accidental deletions. Cloud backups also offer a way to recover your valuable data if your online accounting solution is compromised. Therefore, having a cloud backup of your data is still essential even while using an online accounting solution. Let’s explore online accounting vs. cloud backups.
Here are some additional points to consider regarding cloud backups and its benefits:
- Cloud backups can be configured to retain multiple versions of your data. This allows you to go back to earlier versions if needed.
- Cloud backups can be automated, so you don’t have to remember to do it yourself. This means that you don’t have to worry about forgetting to back up your data.
- Cloud backups can be accessed from any device with an internet connection, so you can seamlessly retrieve your data even if your device is lost, stolen, or damaged.
- Cloud backups also offer legal compliance regarding data security when using online accounting solutions. Audit logs of when backups and restores were performed, and by whom, make complying with various regulations easier and faster.
When choosing a cloud backup solution, it is important to consider things like security, reliability, and cost. Look for a solution that offers strong encryption and regular automated backups and seamless recovery options.
All in all, having a reliable cloud backup solution in addition to your online accounting solution is best practice when it comes to protecting your data and ensuring that you always have access to it, no matter what happens.
