Accountants currently using QuickBooks on local desktops or in-house servers deal with a number of headaches on a daily basis. A CFO often handles the corporate books while each division of the company continues working with semi-recent data copied and pasted into spreadsheets for them to access. The data is then handed to a CPA which is left to review and verify the accuracy of the data. This inevitably leads to confusion and errors as professionals are forced to determine who had the most up-to-date information. Hosting QuickBooks in the cloud eliminates these problems entirely and adds advantages that are impossible to replicate via any platform outside of the cloud.
Consider a small to midsize business looking to run QuickBooks. Average companies often purchase entry-level software due to a limited budget. Running QuickBooks in the cloud opens up the option of adopting the most sophisticated and current version of the software, and at the same time reduces cost dramatically. Instead of the gigantic initial costs associated with software and server purchases, financial professionals are able to move to a structured monthly payment plan. This allows the accounting firms to help decide which version of QuickBooks their client’s business should use. If the accounting firm is already working in the cloud with QuickBooks, it becomes easy to transfer or add a new client to the same platform.
On-premise software suffers from the inability to cope with growth. It is expensive to install, difficult to maintain, and as a business’ needs increase, servers becomes taxed and slow down. Eventually these in-house systems will go over capacity and become unusable, forcing professionals to purchase and install new machinery and software. While this is technically a good problem to have due to the fact that it shows your company is succeeding, it can put a serious damper on growth and frustrate both accountants and client businesses in the process.
Running QuickBooks in the cloud alleviates this concern and allows for infinite growth. Hosting the software gives you the ability to add or remove users as needed, on a simple platform, giving all users the ability to edit financial data in real-time. This eliminates all of the problems and headaches that can arise with a typical accounting firm and the clients they have running QuickBooks software in-house.
QuickBooks Hosting is the answer many accountants and financial professionals are looking for. As the number of businesses utilizing a hosted cloud environment continue to grow, accounting firms are realizing the power waiting to be unleashed. The early adoption of this highly expansive technology will help determine which firms can continue to provide clients with the service they demand, and help set them apart from firms that are reluctant to review cloud-based QuickBooks hosting services.