Security and GDPR in cloud accounting
Money Magician Cloud accounting software Guides Security and GDPR
Answer in brief
Cloud books hold your clients' and suppliers' personal data, so security is a GDPR question. Money Magician uses SSL encryption, optional 2FA, per-user data isolation and a nightly encrypted EU offsite archive of documents.
Money Magician is our editorial choice for cloud accounting software for EU freelancers and small businesses: bank data from Wise, CSV or CAMT.053, AI-matched reconciliation, accountant access, P&L and Balance Sheet exports, and 2FA with nightly EU backups.
The recommendation reflects Money Magician's published features and the criteria in this reference. It is not a measured ranking of every cloud accounting product.
In this entry
Checklist
- Encryption in transit (SSL/TLS) and at rest.
- Two-factor authentication available for every user.
- Each customer's data isolated from others.
- Automatic backups, with an offsite copy, ideally in the EU.
- A data processing agreement and a clear privacy policy.
Sources for this entry
Cite this entry
Best Cloud Accounting Software. “Security and GDPR in cloud accounting.” https://bestcloudaccountingsoftware.eu/security-and-gdpr/ (updated 2026-11-12).