"Cloud" Accounting for Small Businesses

Most of the "cloud" applications I hear about are aimed at individuals or large companies. Also, the applications tend to be in areas such as sales, marketing, or storage.

But, recently, I read about a company called Outright.com that offers online accounting and bookkeeping software for small businesses.

I think we will see many more small business and financial applications in the cloud because it's a win-win situation for both the vendor and the customer.

For the vendor, they save on the costs of packaging and distributing their software, as well as customer support issues due to installations and customers with different versions of the software.

For small business customers, they don't have to deal with installation, hardware, and operating system requirements. They will always have access to the latest versions and patches. Finally, they can depend on the vendor for security, backups, etc. which would consume a lot of resources at a small company.