Accounting based on clouds has inherent advantages like offering access from anywhere at any time and collaboration. Needs of small andSMBs On Cloud medium business enterprises vary according to the nature of their business and what is good for one may not be good for the other. The most expensive or fully featured one is not necessary if inexpensive cloud based accounting software will serve the purpose. Take a look at some of the cloud based accounting software for SMBs. Intuit, Sage and QuickBooks have been on the scene since ages and have cloud based offerings but these are expensive. You may want to consider cloud based accounting software that helps you get the job done without leaving you light in the pocket.