QuickBooks has emerged as a powerful tool that has transformed the traditional way of accounting by streamlining cloud technology. Cloud enables its users to work with ease from any remote corner of the world at any time without any interruption. Now, even a non-tech professional with a limited amount of knowledge of accounts can easily complete their respective accounting tasks with more precision as well as accuracy. Accounting has never been that easier without the cloud.
Here are the top 3 advantages of QuickBooks on the cloud
1. Business Related Advantages
24X7 Uninterrupted access to the accounting files
QuickBooks cloud hosting provides anytime and anywhere access to the data with the help of a net-enabled device and user-id provided by the hosting provider and password.
With the help of remote access, one can easily get invoices, receipts, bills and, checks printed and scanned by your local computer.
Contribute to the environment with the ‘paperless’ mechanism
Adopting cloud technology will help you to reduce paperwork by allowing you to easily and seamlessly send and receive accounting-related documents to the clients and customers online.
Cloud technology provides pay-as-you-go plans, which means users can expand and contract their hosting plans according to increasing or decreasing demand.
99.999% Guaranteed Uptime
Most of the cloud vendors such as Sagenext provide guaranteed uptime i.e. your business will be up and running without any interruptions.
Cloud provides top secured platforms to its users by saving the data on secure and certified data centers.
Cloud also provides multiuser access which allows its users to collaborate with clients and other team members in real-time.
2. Technology Related Advantages
Less need for infrastructural equipment
Cloud technology minimizes the requirement of acquiring in-house infrastructure by providing cloud space to save the data of its users.
Single point of access with the user id and password.
Any user with valid credentials can access the accounting files from anywhere and at any time.
Data back-up facility
Experienced and reliable vendors implement a multi-layer backup system to protect the critical data of its users.
Automated and regular updates
With the cloud, you no longer have to waste your energy and time on manually updating your software and backing-up your data, the cloud technology will automatically and regularly backup your data and update your software.
Most of the cloud vendors ensure that your business is always up and running even in case of man-made or natural disasters.
3. Financial Advantages
No upfront cost
Hosting your software to the cloud does not require any type of upfront cost. All you have to do is to get your desired plan to reap the benefits of the cloud.
No need to hire a full-fledged IT team for tech troubleshooting
Most of the cloud vendors provide round-the-clock available IT support for tech troubleshooting.
Pay for what you need and change your plans according to your current business needs.
More time and money to focus on core business activities
You can use your freed up resources to expand your business or to focus or your core business.
How will you know whether your business needs QuickBooks cloud hosting?
Now, you know that cloud technology has a lot to offer to your business. Yet, you may be wondering whether you should migrate your software to the cloud or not.
Well, here we have prepared a full-fledged list that will help you to recognize and assess your current needs, and, therefore will help you to make the decision.
Small or medium-sized or entrepreneurs with inadequate hardware resources
Accountants with lack of IT knowledge
Business firms requiring multi-user access for various remote working accountants and employees.
Accounting firms bent on monitoring all modifications on QB files on a real-time basis.
Employees and accountants requiring seamless and affordable access to their accounting data files round-the-clock.
Accountants requiring close customer interaction through a commonly shared file.