Cloud-based accounting software is generally considered safe and secure for small businesses. In fact, most cloud-based accounting software options are more secure than traditional on-premise software. These cloud-based options use advanced encryption and other security measures to protect sensitive financial data. However, it's important for small businesses to choose a reputable and trustworthy cloud-based accounting software provider. They should look for options that offer robust security features, such as two-factor authentication, role-based access control, and automatic data backups. Another factor to consider is the provider's compliance with regulations such as the General Data Protection Regulation (GDPR) and the Health Insurance Portability and Accountability Act (HIPAA) if your business operates in a related industry. It's also important to keep your login credentials secure and up to date, regularly monitor account activity and check for any suspicious activity. Overall, cloud-based accounting software can be a secure and convenient solution for small businesses. However, it's important to choose a reliable provider, practice good security measures and remain vigilant about monitoring your financial data.