Debitoor Dictionary

Accounting terms explained in a simple way

Over 150 Articles for Founders and Entrepreneurs

  1. Credit note
  2. Digital signature
  3. Expense
  4. Invoice
  5. M-commerce
  6. OCR system
  7. Touch ID

The cloud - What is the cloud?

The cloud refers to a network of servers which help to run applications or deliver an online service. Simply put – the cloud is just a metaphor for the internet.

Cloud-based invoicing software can help you create invoices, manage your expenses and stay on top of your accounts wherever, whenever. Try Debitoor free today.

Unlike traditional software which needs to be downloaded or installed on your computer’s hard drive, cloud-based software exists online and is accessible through web browsers. Some cloud providers also offer mobile apps dedicated to their particular service.

If you use any online service to send emails, store files, listen to music or watch films and tv, it’s most likely that you are using cloud-based software.

Advantages of the cloud

One of the most obvious advantages of the cloud is that you can access your data anytime, anywhere – so long as you can access a device with an internet connection.

As cloud-based services are accessible online, you don’t need to download clunky software which uses up your computer's storage or memory. And because remote severs handle the majority of the processing and storage, the cloud means that you don’t necessarily need a high-powered or expensive computer.

With cloud-based services, updates happen behind the scenes, meaning that you don’t need to interrupt your workflow in order to install updates. Bugs can also be fixed as they are spotted rather than having to wait for a whole new edition to be released.

Disadvantages of the cloud

Whilst the cloud has many benefits, it also has its downfalls. Most obviously: you can’t access your data or cloud-based services without a good internet connection,

A common concern is that cloud-computing is less secure than traditional computing and that online services leave users vulnerable to hacking or data-loss. However, numerous studies have found that data secured in the cloud is actually more secure than data stored on a personal computer.

Debitoor cloud-based invoicing software

Debitoor invoicing software makes it simple to create and send an online invoice in less than a minute.

Because Debitoor is cloud-based, you acess your account whereever, whenever. With online invoicing software, you can send invoices from the office, at home or on the go.

Debitoor invoicing software also makes it easier to manage your expenses and keep track of accounting and banking. All of your documents are stored in the cloud, so your invoices, expenses, payment recpiets and credit notes are accessible at any time from any device.

Want to find out more about cloud-based invoicing software?

Read about the benefits of cloud-based invoicing software and why you should switch to invoicing & accounting in the cloud.