Book keeping is recording of financial transactions and keeping records of it. Book keeping can be done any many ways, record in hard copies, soft copies or cloud storage. 
Cloud accounting:- Cloud accounting is not a separate branch of accounting but it is only keeping all your accounting records and software in cloud storage in place of your computer.
In normal desktop accounting we install our accounting software on our computer and record all our transaction in it. We can use ERP software or other storage drive or internet shift or share our records with others. 
But in cloud accounting the related software is installed with our cloud storage and all data are kept online at our cloud storage and it can be accessed from anywhere with internet. 
For small businesses and professionals who are located in small area and who already work form their office need not to go for cloud accounting can do desktop accounting online/offline backing up their data…