QuickBooks is one of the most renowned accounting software that has helped professionals in preparing and managing their accounting work.
However, issues like restricted access to the data pose some limitations to the efficiency of the user. Hence, a solution is required to counter the problem, and cloud technology might be the answer to it.
But, is QuickBooks available on the cloud?
To answer the question, yes, QuickBooks is available on the cloud.
There are two types of cloud variants – QuickBooks Online and QuickBooks Hosting.
Let’s explore in detail:
QuickBooks Online is a SaaS-based application from Intuit that can be accessed directly by just logging in to the online portal from a web browser.
QuickBooks Online allows CPAs and accountants to get the job done while fulfilling the modern-day needs and puts them in total control of their accounting process. It also offers free online help, from setup to support.
QuickBooks Online integrates all the accounting tasks to one single dashboard where the CPAs can see detailed reports and records of the organization. Having an internet connection is mandatory to access QuickBooks Online.
QuickBooks Hosting is mainly the QuickBooks desktop version hosted on the cloud servers of a third-party provider. It means that an accountant can access his/her QuickBooks application and data anytime from anywhere throughout the globe.
However, what makes QuickBooks Hosting different from QuickBooks Online is that the functionality of the desktop version and the hosted version is entirely similar.
Thus, the user does not feel any significant difference while using QuickBooks Desktop on the cloud because of the same functionality.
Moreover, hosted QuickBooks provides the users with multi-user access collaboration, advanced security, dedicated support, regular data backup with no changes in the UI.
What to expect from both of the cloud-based QuickBooks solutions?
Some of the similar features you can expect from QuickBooks Online as well as QuickBooks Hosting include:
- Anytime, anywhere access to the financial data and application
- Automated regular backups
- Team collaboration on a single platform
- Scalable storage options
Both of the accounting solutions offer flexibility and mobility options that can help streamline business operations.
How do these two stand against each other?
Though it feels like both QuickBooks Hosting and QuickBooks Online are two sides of the same coin, there are still many differences between the two versions of QuickBooks.
While on one side, QuickBooks Hosting provides the same experience to the user as that of QuickBooks Desktop, QuickBooks Online has slightly different user-interface compared to the desktop version.
The comparison of the two based on pricing reveals that QuickBooks Online is more affordable than QuickBooks Hosting. However, hosting QuickBooks on the cloud comprises all of the features offered by the desktop version, which, in contrast, are not covered by QuickBooks Online.
Moreover, QuickBooks Hosting offers high-performance computing, which means you get the superfast and seamless access to your application without any lag in your book entries, while on the other hand, QuickBooks Online lacks in performance and user may face slowness issue.
While QuickBooks Online has its benefits, QuickBooks cloud hosting seems to be a much better choice. Not only it is similar to the desktop version of QuickBooks (Which makes sure that you will face no difficulty while working on it), it allows you to collaborate with your colleagues and clients in real-time.
Also, the various security measures like end-to-end encryption, intrusion detection and prevention, anti-virus and anti-malware system only guarantee that your data stays safe.