Switching to QuickBooks hosting is a matter of “when”, not “if” for a majority of businesses. QuickBooks has certainly made a number of tasks related to accounting and tax preparation in a small business easier. But the desktop version of the software does have its limitations.
What QuickBooks hosting does is to help you make the most of QuickBooks and its features for more efficient accounting and bookkeeping. Let’s look at the top 7 benefits of QuickBooks hosting for your small business.
#1: It Promotes a Lean IT Infrastructure and Cuts Costs
As a business owner, you are always on the lookout for opportunities to cut costs. QuickBooks in cloud allows you to do that. It streamlines your IT infrastructure as you won’t have to invest in expensive servers, memory or storage any more. Instead of paying for the installation and maintenance of the IT system, you can access all the software you need by paying a monthly rental to your host.
You don’t have to worry about paying for the software upgrades either – this is taken care of by your hosting provider, and comes under the all-inclusive price. You don’t have to hire a dedicated IT staff either. All IT troubleshooting tasks are handled by an experienced technical support team hired by the hosting provider.
#2: Anytime, Anywhere Remote Access
Your staff will have remote access to QuickBooks no matter where they are currently located, and regardless of the device or platform used. They can collaborate together on the same data and files and edit, modify or update the data, based on their level of authorization.
#3: Simplifies Accounting
QuickBooks on the Cloud has a simple interface, which is easy to use and understand. It simplifies a number of tasks related to accounting, hides the details and is easy to comprehend, even for those who lack the technical know how that is needed.
#4: Enforces Privacy
With QuickBooks hosting, the administrator can decide who gets access to what data. All members of a team have their own level of authorization and the systems are in place to make sure that nobody gets unauthorized access to any data. Also, each individual transaction on QuickBooks carries a virtual timeline, so it is easy to identify what a particular team member has been up to and how long he or she has been working on the data.
#5: Creates a Paperless Environment
What QuickBooks on Cloud does is to provide you with a centralized database to handle all of your documentation needs. It helps you get rid of the unnecessary paperwork and creates a paperless environment. This way, you would be doing your bit for the environment.
#6: Compatible with Other Applications
QuickBooks hosting is compatible with a number of other applications such as Microsoft Office and can be integrated with them seamlessly and effectively.
#7: Data Security
Your hosting provider would maintain your remote server in highly secure data centers in different parts of the world that have 24/7 security and power backup. There is no risk of data loss as the data is backed up on a daily basis and saved in multiple servers around the world.