Cloud-based accounting solutions have become indispensable for firms seeking scalability, real-time access, and cost-efficiency. However, one critical clause hidden in most Terms of Service is this: YOU are responsible for backing up your own data.
This guide outlines why leading cloud platforms like Xero, QuickBooks Online (QBO), MYOB, and Sage require users to maintain independent backups—and why accountants and bookkeepers must make this a compliance priority in 2025.
All reputable cloud accounting providers operate under a shared responsibility model:
This model underscores that cloud providers are not liable for user error, internal breaches, or failure to back up. For firms handling sensitive financial information, that means your data security strategy must include backups.
Even cloud-based platforms face these threats:
Having a reliable backup solution ensures your firm can recover quickly, comply with breach notification requirements, and retain client trust.
Cloud accounting platforms maintain limited backup periods based on their own internal policies. If your business needs longer or more frequent retention, you’ll need your own solution.
Mandatory Multifactor Authentication (MFA)
Accounting professionals are held to strict standards when handling personal and financial data. Depending on your client base, this could include:
Cloud providers don’t guarantee you’ll be compliant—you need to actively back up and retain the necessary records.
Your clients expect continuity. Without control over your backup frequency, storage location, or restoration speed, you risk non-compliance or permanent data loss.
With independent backups, you get:
Backing up cloud accounting data isn’t just a technical precaution—it’s a regulatory requirement and client expectation. Don’t leave your firm exposed to risk.
Remember: Your data is your responsibility—even in the cloud.
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