ACCA guide to... moving your practice to the cloud

Most of us now understand the concept of software that sits on a remote or office file server, rather than on your hard drive; we see it everywhere in everyday applications as diverse as Gmail, Facebook or Flickr. But do we understand the benefits offered to accounting by a cloud-based solution? Has the accountancy profession really grasped the potential of online, instant access to clients’ financial information? And are accountants making the most of this new ability to move beyond basic bookkeeping and compliance services into higher value advisory services?