Cloud accounting
Accounting software running online, with bank feeds and shared access.
Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.
What it means
Cloud accounting keeps the books in a hosted system, with automatic bank feeds, receipt capture and access for the accountant.
Why it matters
It makes real-time figures possible, which is what turns bookkeeping from a compliance chore into a management tool.
What it looks like in practice
The main products are broadly comparable; the choice usually comes down to what your accountant supports and what integrates with your other systems.\n\nBank feeds need periodic reauthorisation under open banking.
What to watch out for
Data ownership on exit. Check what you can export and in what format before committing — see vendor lock-in.
Where to get proper advice
Your accountant.
Where to read more
Last reviewed 2026-08-28 by Fiducia Together · Next review due 2027-08-28
Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.
Fiducia Together