Cloud-based accounting compared to running software

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Question: Internet-based accounting software is a recent trend in business computing. Major software firms such as Oracle, SAP, and NetSuite are running their core products on the Internet using cloud computing. NetSuite is one of the most popular small-business Internet-based accounting systems.

Go to NetSuite Inc.'s website at www.netsuite.com. define cloud-based accounting. Also outline the advantages and disadvantages of using cloud-based accounting compared to running software on a company's internal computer network.

Reference no: EM133265192

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