One of the most popular names among small businesses, QuickBooks, holds many accounting tools that can be easily used by everyone. However, QuickBooks hosting has allowed users to make the most of the software and enhance its potential.
When QuickBooks is hosted on the cloud, it becomes an all-in-one solution for accountants, CPAs, bookkeepers, and small businesses.
Let’s look at some of the benefits of Cloud based QuickBooks
1. Reduced IT Infrastructure and Cost
Small businesses are always looking for opportunities to cut costs. Hosting QuickBooks on the cloud lets SMBs do that. Since the cloud is accessible via the Internet, small businesses do not need a dedicated system to be installed in their premises.
Due to features available in the cloud, such as remote upgrades and support, businesses would need far fewer resources, thus saving more money.
Moreover, since all of the server issues are taken care of by the cloud vendors, there is no need to hire an additional IT team to do the same. It further improves the financial health of the business.
2. Backup and Disaster Recovery
All businesses must invest in disaster recovery solutions, but for medium-sized businesses that lack the required amount of cash and skill, cloud is an ideal solution. Cloud technology is helping more small businesses buck that trend.
When on the cloud, QuickBooks data is saved in highly protected data centers, and there are multiple copies of your files taken by the provider. Moreover, data transfer is secure since it is enabled over highly encrypted data transfer protocol.
Therefore, even if there is an accident or natural disaster like fires, floods, earthquakes, etc. information can be retrieved easily, and business can always be up and running.
According to the Bloomberg Businessweek article, about 800,000 laptops are stolen or lost every year in airports alone. If you are storing all the information on a laptop or mobile alone, the information can be easily stolen or accessed.
However, if you are using cloud, your data is much more secure as you need a user ID and password to access the data. Sure, it can be annoying if you have to replace your device but not as a disastrous situation if all your data is stolen.
Moreover, many competent QuickBooks Hosting providers safeguard information from various cyber-attacks through security measures like end-to-end encryption, firewalls, multi-factor authentication, anti-virus, anti-malware, and more.
4. Easy Collaboration
QuickBooks hosting makes collaboration with outside parties such as accountants or outsourced bookkeeper easier. Accountants can work on client accounts more often, easily share files or data with the client even while the client is working in the system.
QuickBooks on the cloud not only eliminates the need to copy or sync files but also lets outsourced employees or professionals to work closely with everyone. It further reduces the chances of errors while working, and improve their productivity.
5. Anytime, Anywhere Access
Hosting QuickBooks on cloud allows SMBs to access their QuickBooks files anytime, anywhere, and on any device as well as simultaneously. This makes small firms independent of the local network. One of the most obvious advantages of remote service is a high-speed online response of your QuickBooks as the application is installed on highly optimized servers.
I hope this information will be helpful!