Computer · Cloud Accounting
Which of the following is a disadvantage of using cloud accounting software?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Users are completely reliant on the software provider to ensure data security and to maintain backups.✓
- 2Upgrading cloud accounting software is highly expensive and time-consuming.
- 3Financial data held in the cloud must be manually transferred between individual computers.
- 4Cloud accounting software only allows one user to access the system at any given time.
Correct answer
Users are completely reliant on the software provider to ensure data security and to maintain backups.
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