The current development of information technology with each passing day, deeply affecting the development of various industries. Information technology represented by cloud accounting has become the latest development trend of enterprise financial management, playing an increasingly important role in promoting the improvement of enterprise management level and the rapid and healthy development of enterprises. In the fierce market competition, China's small and medium-sized enterprises are restricted by enterprise scale, capital investment, management level and so on, and their development is restricted by many aspects. This paper discusses the development strategies of cloud accounting in the financial management of Small and medium-sized enterprises in China, in order to solve the financial management problems faced by small and medium-sized enterprises, promote small and medium-sized enterprises to reduce management costs, improve market competitiveness, and promote the rapid development of small and medium-sized enterprises.