When it comes to accounting for businesses, QuickBooks Desktop is the first choice for the most accounting professionals. With its simplicity and immensity of features, QuickBooks can streamline the accounting operations. Moreover, the software has kept adapting with the innovations in the computing industry, which has allowed accounting professionals to avail the latest features in their work. Cloud computing is one of those innovations that has brought significant benefits.
QuickBooks on the cloud may not seem to be offering noticeable change with the user interface and appearance as compared to the traditional desktop-based version. However, the potential of usability rises exponentially with the hosted version of QuickBooks. Here are the top 3 reasons to host your QuickBooks in the cloud:
1. Soaring High Productivity
Factors that count in the productivity analysis are various, depending on the types of operation that you deal with. With QuickBooks on the cloud, almost all such factors are served aptly. First, QuickBooks hosting eradicates all the hassles associated with the local machine. Hosting providers take care of the servers, so you do not have to worry about installation, setup, or maintenance. Since hassles are lesser, the productivity is certainly set to grow.
But real productivity gains of the cloud are anytime, anywhere access and multi-user collaborations. Cloud-hosted QuickBooks remain available over the internet connection. So, different users can access the accounting data at the same without any restrictions of location to process the accounting faster and more productively.
2. Cost Effective Solution
Nobody wants to miss out on the chance of saving money in business, especially when it comes without any quality compromise. Cloud computing brings exactly that money saving opportunity for the users. Since there is no local server required, the user does not have to pay for the expensive servers, local machine, etc. So, when your needs change with time, you simply need to switch the plan instead of buying a new set of infrastructure.
Hosting plans for usually QuickBooks are available for the variable time-frame, such as monthly, quarterly, and yearly. This allows the user to pick the plan for their need, as the business that requires QuickBooks during the tax season may use monthly plan while an accounting firm can go for the yearly plan.
3. Reduced Risk
Accounting information draws a great concern for the businesses in respect of privacy and security. Losing accounting data can be harmful to business and landing it in the hands of unwanted person can be disastrous. With the possibility of technical flaws persistently existing because of hardware failures, software crash, etc., it is a risky affair to depend only the local machines with all your accounting data. Talking about the cloud, such risks are almost non-existent.
Reliable QuickBooks hosting service providers follow a strong encryption technology, which secures the accounting data from all the unwanted users. Access for different users to edit, view, or delete various files can be easily controlled and defined by the admin. Also, the changes made to the files by different users can be monitored instantly. Riding on the automated data backup techniques, your accounting information will remain protected even in the case of disaster as it can be restored pretty easily.
Cloud has been able to cast its influence on almost every industry that relies on the computers. Since accounting has gone computer-dependent many decades ago, the influence of cloud was inevitable but fortunate. QuickBooks too gained on many fronts. Cross-device accessibility, easier add-on integration, etc. are some of the many benefits that arrive with hosting QuickBooks in the cloud. It would be an overstatement to conclude that if your business is not using QuickBooks on cloud, your business is not gaining great.