Technology has become increasingly important over the years, and it now appears in almost every aspect of daily personal and business routines. Technology encompasses the practices, skills, techniques, methods, and procedures that humans employ in achieving a specific goal in a less complicated manner. The greatest impact of recent technological advancements on accounting is the ability of businesses to develop and use computerized systems to track and record financial transactions. Information technology (IT) networks and computer systems have reduced the amount of time it takes accountants to prepare and present financial data to management. This system enables businesses to create individual reports quickly and easily for management decision making. increased functionality, enhanced accuracy, quicker processing, and improved external reporting are some of the other benefits of computerized accounting systems. Thus, this study will extensively discuss one of the major technological developments that affect business enterprises and its relationship to the accounting nature. Given that, it will start by giving a brief understanding about cloud computing concepts, followed by elaborating and shaping the services and types of cloud computing, completing by analyzing the impact of cloud computing on the accounting nature.