QuickBooks Desktop is a useful financial accounting software for many businesses. It helps them save time and money. Since its introduction in the financial world, it has proved its worth to be a one-stop solution for different types and sizes of businesses.

However, being the most prominent accounting software, there are some limitations to QuickBooks Desktop. Let’s suppose you are on vacation, and one of your clients asks for some accounting data changes. Will you be able to do it using your QuickBooks Desktop?

Of course, it is not possible because all the data is stored in the system's hard drive. When you host your QuickBooks solution on the cloud, providing service becomes easy, and as it is possible to access the data remotely and make necessary changes.

You cannot keep the client’s financial data on your PC or laptop that are prone to system failure, data theft, or data corruption. And if a regular backup is not taken, there is a chance of losing all the crucial data. With the help of a daily backup facility on the cloud, you can make sure that your data is safe, and you can focus on the growth of your business.

Not only this, there are instances where QuickBooks cloud hosting can prove to be beneficial for
your business. Here is the list of several potential use cases of QuickBooks hosting solution that your business needs to consider.

1. Real-time data sharing

If you want to share your work with your clients in real-time, it is not possible to do the same if you use QuickBooks Desktop. Instead, you'll have to share the data over email, which will create confusion by creating multiple copies of the same data.

But when you use QuickBooks on the cloud, all your data is stored on a central server. Your client can also access the same data from any location. All the changes will be reflected in real-time for every stakeholder to be on the same page.

2. Better collaboration among team members

Even if your company has multiple locations all over the world, with the help of QuickBooks on the cloud, you can increase collaboration among the employees.

QuickBooks cloud hosting allows multiple users to work and access the same information simultaneously. This means that everyone on the team can access data and all the QuickBooks features to get the work done.

This allows all the employees on the team to be on the same page as others and help them design and build projects together by using the same resources.

3. Daily backup facility

If you keep extra copies of all your essential data, then you can recover it yourself if any unforeseen tragedy takes place.

However, if you execute this process yourself, it puts a lot of pressure on your company’s resources. Keeping large backups every day will consume a lot of space on your local server as well.

To get the benefit of a hassle-free backup facility without fail, you must shift from QuickBooks Desktop to its cloud-hosted version. Your data is automatically backed up every day. This process usually takes place during non-working hours so that your business runs smoothly.

In addition to this, the right hosting provider will also offer reliable 24/7 support. They usually have a team of IT experts with the capability to solve all your problems.

4. Cost reduction

QuickBooks Desktop requires a lot of initial capital investment. Buying the software license and cost of hardware installation and maintenance of the solution add up to the company's expense.

If you are a start-up or a small business, the accommodation of extensive physical hardware will need a lot of space as well. Not to forget, you will also need the right personnel to help you manage the solution.

On the other hand, in QuickBooks cloud hosting, you will have to pay a minimal monthly subscription fee, and the rest will be the responsibility of the hosting provider. You won’t have to worry about storage, maintenance, and backup as well. Any IT issue will also be taken care of by the hosting provider.

5. High-performance computing

When you integrate QuickBooks with other third-party applications, there will come a time when you reach a point when your system becomes slow, and data processing takes time. In that case, your productivity level decreases, and you won’t be able to serve your clients properly.

When you host QuickBooks on the cloud, your data is hosted on high-performance computing servers (HPCs). This assures that there is no performance lag. With the help of HPCs, you will be able to carry out all your QuickBooks operations with ease.

In conclusion

If you are managing a business, you need the flexibility to access your essential business information when and where you need to. QuickBooks cloud hosting provides you the flexibility to help you accomplish more.

The best part about QuickBooks cloud hosting is that you can run QuickBooks from anywhere; it doesn’t matter whether you are traveling or sitting in the comfort of your home. All you need is an internet connection.

Host your QuickBooks on the cloud with the help of a reliable provider and start running your business in a whole new way.

Author's Bio: 

Bhavleen is a writer at Ace Cloud Hosting – a leading hosting provider for tax software, with several years of experience in the cloud industry. She loves to research various technologies and has a firm grasp on topics like Accounting, ERP, VDI, and HIPAA.