QuickBooks Online is one of the latest Intuit’s offerings to simplify the accounting solutions for small and mid-size businesses. This is cloud-based accounting software that is totally controlled and managed by Intuit. Realizing the futuristic importance of cloud with the software needs, QuickBooks Online is a fighting fit accomplishment. Talking about the cloud, there is another option available for the users in the form of QuickBooks Hosting.
QuickBooks Hosting is simply availing the desktop version of QuickBooks on cloud-based servers. The server usually belongs to a third-party hosting service provider. Thus, all the cloud benefits, such as- remote accessibility, real-time collaboration, etc. are attained. Since QuickBooks Desktop is advanced and versatile accounting software than QuickBooks Online, hosted mode seems to a more able solution on many fronts.
If the dilemma of choosing between, QuickBooks Hosting and QuickBooks Online then the following table should be able to present a fine overview:
|Features||QuickBooks Online||QuickBooks Hosting|
|Complete QuickBooks Desktop Features||No||Yes|
|Usage Similarity With QuickBooks Desktop||No||Yes|
|Dedicated Training Needs||Yes||No|
|Anytime, Anywhere Access||Yes||Yes|
|Mobile and Cross-device Access||Yes||Yes|
|Plan Charges||Fixed By Intuit||Scalable with Service Providers|
|Better Lead and InventoryCenter||No||Yes|
|QuickBooks Statement Writer||Yes||Yes|
|Convenience of Add-ons Integration||Yes||Yes|
|Speed of Processing||Slower than QB on Desktop||Faster and Depends On Server|
|Data Sync with Local Machine||Yes||Yes|
|Real-time Multi-User Collaboration||Yes||Yes|
|User Permission Control||Yes||Yes|
|Additional Application Hosting||No||Yes|
|Support||Provided by Intuit||Depends on Service Provider|
This comparison table gives a general indication of the differences between the two cloud accounting solutions. The variation will appear in magnified form when you dig further into the usage and version features.
Developers of QuickBooks Online have not been able to achieve the level that they have delivered with the desktop version. So, the usability of QuickBooks Online lags behind on the performance metrics when compared with the desktop version. Since the QuickBooks Hosting avails more apt solution for the accounting professionals and businesses looking to work out the things faster. Still for the users, who do not have to use QuickBooks in hurry, QuickBooks Online will be able to serve satisfactorily.
Importance of accounting on the cloud for businesses is immense and growing. For now, when QuickBooks Online is still improving, the easier pick seems to QuickBooks Hosting – for it does not require major changes in usability from the desktop version and still all the benefits of cloud are available.