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Global cloud computing spending has reached $1.3 trillion in the past few decades. With the help of cloud accounting, businesses can complete accounting and bookkeeping tasks remotely and reduce security requirements. Cloud accounting has become a popular go-to technology for accounting and CPA firms. The entire accounting architecture is on remote servers. This makes cloud accounting scalable, feasible, affordable, and secure. Cloud accounting empowers you to use one file on multiple endpoints. With regular backups, you are able to recover your data even after a disaster.