What is cloud accounting software?

Cloud accounting is a system that allows multi-user access and safe online or remote server storage. Your users send all your data to cloud providers where the same data is processed and safely stored, and returned. Cloud technology allows business processes to be streamlined and tailored to company growth.

What are the benefits of cloud accounting software?

1. Mobile access at any time 2. A cost and time-effective solution 3. Watertight security and no time-consuming back-ups 4. Share and collaborate with ease 5. Reduces paperwork and is more sustainable 6. Better control of your financial processes

How safe is cloud accounting?

Cloud accounting can be very safe when implemented and managed correctly, with strong encryption, data backups, and physical security at data centres. Regular updates and compliance measures enhance security. Businesses must also practise good password management, user education, and access control to maximise safety and protect sensitive financial data.

What’s the difference between cloud accounting software vs traditional accounting software?

Traditional: Conventional or desktop accounting software utilises a hard drive-based approach for inputting financial data and storing records on a local computer. Users download the program onto their computer, accessing its various functions directly from that device, with data being stored on the computer's hard drive. Cloud: Cloud accounting software provides a digital platform which carries out both core and more advanced accounting functions. The data is stored in the cloud, and is accessed via the internet, meaning that users can log in on any device and in any location where they have internet access.

Hospitality Accounting Software for Hotels and More

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What systems does iplicit integrate with for hospitality?

Iplicit integrates with popular hospitality tools including POS, booking, and property management systems like Guestline, Cloudbeds, Rezlynx, and more – either directly or through configurable imports and APIs.

Can iplicit manage multiple properties or venues under one group?

Yes – iplicit is designed for multi-entity businesses. You can manage finances centrally, with intercompany automation, entity-specific reporting, and group consolidation all from one login.

How does iplicit help speed up period-end close for hotels?

By automating imports from systems like EPOS and PMS, centralising approvals, and providing real-time dashboards, iplicit significantly reduces the manual effort required at month-end.

Can iplicit handle partial VAT or grant income for cultural venues?

Absolutely. iplicit supports partial VAT schemes and complex fund tracking, including revenue by stream, department, or project – making it ideal for hybrid organisations and charitable trusts.

How long does implementation typically take for hospitality customers?

Most implementations take 12–16 weeks depending on complexity. We offer both direct and partner-led onboarding options with full training and support tailored to your sector.

Age Scotland’s move to iplicit was justified ‘within a couple of months’ after big time savings

Cloud finance software for hotels, venues & hospitality groups

Real-time, all-in-one control for finance teams handling complex revenue, partial VAT, and multi-entity groups.

Solving your finance team's biggest headaches

Handle multiple income streams and systems with ease

Performance tracking for every location

Real-time tools for fast-moving environments

Support fast-paced decision-making with live dashboards and instant budget-vs-actual tracking.

Oversight without the overload

Total visibility across your operations

Oversight without the overload

Faster period close and smarter reporting

How to change your finance system: A finance leaders guide

Adding to the pressure:
Free research from 1,000 UK CFOs

The data discovery:
Unlock your financial data with iplicit

Discover a better way to manage finance

Hospitality accounting software FAQs

Age Scotland’s move to iplicit was justified ‘within a couple of months’ after big time savings

Cloud finance software for hotels, venues & hospitality groups

Real-time, all-in-one control for finance teams handling complex revenue, partial VAT, and multi-entity groups.

Solving your finance team's biggest headaches

Handle multiple income streams and systems with ease

Performance tracking for every location

Real-time tools for fast-moving environments

Support fast-paced decision-making with live dashboards and instant budget-vs-actual tracking.

Oversight without the overload

Total visibility across your operations

Oversight without the overload

Faster period close and smarter reporting

How to change your finance system: A finance leaders guide

Adding to the pressure:Free research from 1,000 UK CFOs

The data discovery:Unlock your financial data with iplicit

Discover a better way to manage finance

Hospitality accounting software FAQs

Adding to the pressure:
Free research from 1,000 UK CFOs

The data discovery:
Unlock your financial data with iplicit