Nearly 37% of small-scale businesses are adapted to fully utilize cloud-based applications. This figure is expected to climb to 78% in the next five years.
Jefferson City, Missouri (PRWEB) September 17, 2015
Bert Doerhoff CPA, founder of AccuBiz, finds that many companies are attracted to cloud software because it generally has a lower cost, due to lower hardware and support investments.
“Many times we’ve seen companies choose between cloud-based or online accounting software, and this often brings specific questions and considerations to the table,” says Doerhoff. “We want to try to simplify this decision so that business owners can make the right choice for their needs and move forward.”
In the Forbes article, it’s noted that nearly 37% of small-scale businesses are adapted to fully utilize cloud-based applications. This figure is expected to climb to 78% in the next five years. However, Doerhoff encourages business owners to know and understand the differences in the two formats and not make a decision solely on one factor.
The benefits of choosing the online version of QuickBooks include:
Mobile access: Data is stored online, so all users can access the system and all its data from any location, and on any mobile device. Up to two accountants can also access information in online QuickBooks.
Pay in installments: While the desktop QuickBooks is purchased with a one-time licensing fee, the cloud version of QuickBooks is paid for in a monthly subscription.
Updates: Instead of relying on internal IT support to perform updates, QuickBooks handles all the implementation of new additions and improvements. Likewise, security is handled by the provider, and QuickBooks uses redundant back-up. Companies can also back up the data locally.
Additionally, there are improvements in the online version that are not featured in the desktop QuickBooks. These improvements include invoice and sales receipt automation, activity log, automatic email reporting and app integration.
While online QuickBooks may seem preferable to the desktop option when considering the above factors, there are some desktop program functions that are not available in the cloud option. Here are a few features offered in the desktop version that business owners won’t have access to in the cloud-based version:
Balance Sheet by Class
Receiving Partial Purchase Orders
A potential purchaser of QuickBooks will note that many of the features available in the QuickBooks online version will appeal to companies that hope to make use of extensive automation and data analysis. For instance, the activity log can be used to develop a set of best practices in a process analysis.
“QuickBooks is a great program for small businesses. It’s user-friendly and gives company owners the assurance that they are keeping accurate records. There are a lot of benefits to each version, whether a company chooses an online or a desktop version. We can help clients determine which features are most important for them and make an informed decision for the best software solution,” says Doerhoff.
About Bert Doerhoff:
Bert Doerhoff CPA works closely with small business owners to minimize income tax and fill the gaps so the owner has more time to work on the customer centered core services. Doerhoff and his team can outsource all functions of an accounting department, from bookkeeping to CFO services. The CPA firm has multiple QuickBooks advisors to help clients maximize the benefits provided by their accounting system. Doerhoff is co-author of Six Steps to Small Business Success available on Amazon. Contact Bert Doerhoff, CPA, by email at bdcpa(at)AccuBiz(dot)net; by phone at (573) 634-4006; or learn more at http://www.AccuBiz.net.