CPAs and accountants are going through a shift in the current times. The accounting industry has faced multiple challenges during the COVID-19 pandemic, like accessing the data remotely, coping with the competition, pressure to remain cost-effective, and standing out of the crowd. There is also a demand for CPAs to offer more and more consulting services and keep up with the constantly evolving taxation process.
To help them overcome these challenges, QuickBooks hosting is a popular solution among accountants and CPAs across the country. QuickBooks hosting is a service offered by third-party providers where they take your QuickBooks license and host it on their cloud environment.
It enhances the capabilities of the locally installed QuickBooks Desktop by offering faster computing, remote accessibility, better data security, automatic updates, and much more.
Let’s look at some major benefits and features that QB hosting offers to accountants and CPAs and why it is becoming their first choice.
Anytime, Anywhere Access
You can access your QuickBooks Desktop only when you present on the office premises. However, what if you are on vacation and your client needs your services? How would you deal with such situations?
QuickBooks hosting on the cloud opens up a new accounting dimension for the CPAs. It allows them to access their QB data from any place from the device of their preference, like smartphones, laptops, or iPads.
Accountants and CPAs are always looking for cost-efficient solutions to cut down extra expenses. However, setting up a dedicated in-house server can quickly burn a hole in the pockets. The costs include purchasing hardware equipment and hiring expert IT professionals for its set up and maintenance.
QuickBooks hosting allows CPAs and accountants to reduce their expenses. As everything is managed on the cloud, there is no need to set up an in-house server. Moreover, all the IT issues are taken care of by your QuickBooks hosting provider, eliminating the need to hire IT personnel.
When using a legacy system, downtime can happen at any time. There can be multiple reasons for the same, like hard disk crashing, power failure, or a natural calamity hitting your area. CPAs and accountants understand the cost of downtime – a few minutes of downtime can result in the loss of thousands of dollars.
QuickBooks hosting offers high data availability as they deploy multi-redundant infra and fault-tolerant systems. Also, the QuickBooks software and data is hosted in state-of-the-art data center facilities. Most reputed providers provide at least 99.99% uptime – only a few minutes of downtime per year.
CPA and accountants need to collaborate with outside parties such as freelance bookkeepers and the clients. They also need to share files or data within the team and with the clients.
Hosting QuickBooks on cloud allows them to collaborate with the stakeholders easily. They have the freedom to work with the client more often and offer better services. QuickBooks hosting also eliminates the need to share the files multiple times over the email for everyone to work in the same file. This reduces the chances of error and increases productivity.
When it comes to IT issues, CPAs and accountants are not very tech-savvy and require the help of a dedicated IT team. Moreover, it bodes well for them if they focus more on accounting tasks than other issues.
QuickBooks hosting empowers them with round-the-clock support from the service provider. The support teams are usually experienced in solving IT issues, ensuring that your business runs smoothly. Reputed service providers also offer real-time support through phone, chat, and email.
Advanced Data Security
For CPAs, the safety of their accounting data is of utmost importance. They have access to credit card details, social security numbers, and other sensitive financial information. You should keep this data safe from any data threats such as cyberattacks.
QuickBooks hosting providers ensure that you do not have to face any data-related problems. They store your data on secure remote servers. Moreover, reputed service providers also offer data security features such as end-to-end encryption, multi-factor authentication, automatic intrusion detection, and more to make QuickBooks hosting a foolproof solution.
Millennials and Gen Z prefer to do things digitally and are also aware of the factors that harm our environment. They wish to get rid of tedious paper-based accounting tasks to save their time and the environment. For instance, instead of mailing the invoice to the client, you can share the invoice over email and accept the payments digitally.
QuickBooks hosting is the solution to all such problems as the data is stored on a cloud server. Accountants and CPAs can get rid of paper-based tasks and contribute towards making the environment clean and green. This also saves a significant amount of money that is spent printing and storing paper-based files.
There is no place on earth that is safe from disasters. And if your office premises face such a calamity, there are chances that your access to your QuickBooks data will be restricted. There are also high chances that you may lose the data forever.
This is where QB hosting comes in handy. Reputed service providers regularly back up your data on servers (at least once a day). This means that your data will be in safe hands even during the toughest of times, and you will be able to access it from any place via the Internet.
QuickBooks Desktop offers loads of features to CPAs that help them in their day-to-day accounting tasks. However, similar to every desktop application, it can face performance lag when the load is high or is integrated with multiple third-party applications.
When you host your QB solution on the cloud, it is mostly done on high-performance computing servers. This means that your data processing will never suffer even if you integrate your QB solution with multiple applications. Instead, it will make your QB solution faster than the desktop version.
If you feel that QuickBooks Desktop makes your accounting work easier, try its cloud-hosted version. The cloud-version offers multiple advantages such as remote access, advanced data security, better collaboration, and also contributes towards the environment. All such benefits will prove to be game-changers for your business with its bucket full of unlimited possibilities.
Wish to get your hands on QuickBooks on the cloud? Get in touch at +1-855-223-4887 for a free consultation.