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Does the cloud have holes?

Isn't there a problem of data security in using cloud services?

Many cloud accounting services

There are a lot of cloud-based accounting services for store proprietors - from Freshbooks, GoDaddy, FreeAgent, GoDaddy Bookkeeping, Account Edge Pro, Acclivity, Intuit to Sage. Quickbooks is the best known and PC Magazine gave Editor's Choice to it. But it also gave an editor's choice to light but easy FreshBooks too, which has an app.