Is Hosted QuickBooks a Better Option for Small Businesses?

Over the years, there’s been a significant increase in the adoption of QuickBooks accounting software. CPAs, accountants, and small business owners are making themselves more productive by augmenting their day-to-day financial tasks like billing, invoicing, time tracking, etc. Besides, easy integration of the accounting software with other applications allows businesses to manage their finances more effectively.

However, with rapid technological advancements, businesses are switching to the hosted QuickBooks solution to use the software’s full potential. Hosting QuickBooks on the cloud enables you to access QuickBooks Desktop in the cloud.

If you are a small business and sharing data between multiple users and taking full advantage of the flexibility and scalability of the cloud is what you need, cloud-hosted QuickBooks is an ideal choice. Read on to gather detailed insights into why hosting QuickBooks on the cloud can be a perfect fit for small businesses.

What Does Hosting QuickBooks on the Cloud Offer?

Factors like a limited budget for maintaining seamless accounting functions could be challenging for small businesses. However, hosting QuickBooks on the cloud can significantly mitigate this hurdle. Below are some of the key advantages that a cloud-hosted QuickBooks solution has to offer to small businesses.

  1. QuickBooks Hosting Offers 24×7 Accessibility

The traditional method of using QuickBooks accounting software has limitations, such as data accessibility. You can access the software only when you have access to the designated system. It means that using another device of your preference requires you to re-install or transfer the data to the new device. As such, you must always carry those devices which can pose a significant threat of data loss or theft.

However, you can access data from anywhere, anytime, by hosting QuickBooks on the cloud. When the accounting application is hosted on the cloud, it is installed on remote servers which can be accessed via the internet. All you need is a compatible device like a smartphone, tablet, iPad, or laptop and valid login credentials. As such, you get a significant enhancement in data accessibility as your employees can use their preferred devices while on the move or from the comfort of their home.

  1. QuickBooks Hosting is Cost-Effective

Hosted QuickBooks eliminates the requirement to purchase or maintain in-house infrastructure. In addition, there’s no need to make hefty investments in industry-specific software, framework, or equipment for business development. Furthermore, you don’t need to hire an in-house IT team to handle technical challenges that may arise with a cloud-hosted QuickBooks solution.

A reliable cloud hosting provider usually has a team of qualified technicians who care for all your QuickBooks-related issues. This, in turn, helps you save a lot and focus on investments in the core area of your business.

  1. Prevents Data Loss

Although we live in an era where digitalization is at its peak, some businesses still maintain their data in physical documents. Managing all your accounting tasks on paper and keeping them in physical files creates a lot of paperwork. You’d still encounter challenges like data loss if you use the desktop version of the QuickBooks software.

This is where hosting QuickBooks on the cloud comes in handy. Here, your cloud hosting provider backs up all your data and stores it in the cloud, ensuring the elimination of data-related concerns.

  1. Efficient Data Storage

Using the traditional paper-based process of storing your accounting data is prone to environmental factors like floods, fires, and earthquakes. Such instances can make it extremely challenging for you to retrieve the data, negatively impacting business continuity. Even if you have high-end storage devices, any hardware-related failure can be detrimental to your performance due to permanent data loss.

Hosting QuickBooks on the cloud can easily cut across these limitations, and you can ensure critical data loss. In cloud-hosted QuickBooks, your data is stored in remote servers. As such, there’s no risk of local hardware failure affecting your database. In addition, you can ensure the uninterrupted availability of data during any server crashes as all your cloud data will be maintained at several locations.

  1. Round-the-Clock Support

Getting 24×7, 365-day support is one of the critical advantages of availing hosted QuickBooks services. Your subscription with the cloud-hosted QuickBooks plan not only gives you the required technical support but also ensures that an effective team is always available to assist you in running your business smoothly.

You can contact your cloud hosting provider via phone, chat, email, etc., and ask for immediate help whenever you require assistance with your QuickBooks hosting services. Such features of hosting QuickBooks on the cloud eliminate the requirement to hire any IT personnel, thus saving your small business a lot of money.

  1. Quality End-User Experience

Another significant reason you should consider hosting QuickBooks on the cloud is the top-quality end-user experience.

Factors like inflexible IT infrastructure, low computational storage, sudden power failure, etc., can often impact the performance of desktop-based QuickBooks software. Besides, factors like limited scalability also affect organizational operations, hampering business continuity.

Hosting QuickBooks on the cloud can significantly mitigate these issues and ensure a hassle-free user experience. Unlike the desktop-based QuickBooks solution where you’ve got to worry about your IT infrastructure, everything is managed by the cloud hosting provider when you avail cloud-hosted QuickBooks services. Besides, you will experience seamless QuickBooks performance while accessing the necessary cutting-edge technology. Last but not least, availing QuickBooks hosting services allows you to enjoy flexible scale-up options. You can inform your requirements to the hosting provider, and they will do the needful.

Final Thoughts

Being efficient without investing much money can often be challenging for small businesses. Cloud-hosted QuickBooks is an excellent option for such businesses as it caters to many aspects of the business to run effectively and cost-efficiently.

Hosting QuickBooks on the cloud makes all the data accessible through a single application. Additionally, generating reports gets significantly more manageable with a click of a button. Next, features like round-the-clock technical support, uninterrupted data availability, high-end data security, improved end-user experience adds, etc., make you minimize your expenses and increase revenue generation like never before.

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