“So what is the cloud?”
A great example of the cloud is online banking, which uses the cloud for secure data storage.
(Cloud is just a fancy word for Internet-based.)
You can access online banking from anywhere, at any time. You can do the same thing with cloud accounting software. You no longer have to rely on a single hard drive for your financial data. Instead, you can access that data online from wherever you want, at any time – all you need is an internet connection.