Nowadays, most of the small businesses are using the power of outsourcing, which was earlier not considered ideal for businesses.
But now with outsourcing business solutions to employees becoming a new normal for businesses, more and more SMEs are adopting this trend because it gives them the required expertise in a limited budget.
But outsourcing employees means you also have to choose smart business solutions which will allow you to collaborate with your employees in real time while keeping track on them.
The hosted QuickBooks solution is a great way to manage your outsourced accountants because with the power of the cloud, you will no longer require to setup a physical office or hire employees under one roof.
The multi-user collaboration feature of the hosted QuickBooks is a great advantage for users as it helps them in many ways.
So, in this blog post, we will be looking at some of the benefits of the multi-user access while understanding some of its unique functionalities.
What are the benefits offered by the multi-user collaboration?
The real-time power
If you can make changes in a file of your accounting department and other employees can see the changes in real time, then it can turn out to be a great advantage for the users. The multi-user collaboration feature of the hosted QuickBooks gives you the same power of real-time changes through which different employees can work on the same file while viewing each other’s change in real time.
The power of collaboration
If you manage to hire accountants and allow them to work under one roof while using traditional accounting solution then you will not be able to harness the power of collaboration because even while being under one roof, they will have to work individually while sending data back and forth. But the multi-user collaboration of hosted QuickBooks can enhance your collaboration with employees sitting at distant locations.
What are some of the features of the multi-user collaboration?
The best part about hosted QuickBooks is that you can limit the area of access for different users as an admin of the cloud accounting solution. If you want to keep some of your QB information accessible to only you then you can keep other users on the QB away from accessing it by limiting their accessibility. This power resided only in the hands of the admin of the software.
Number of people
If you are using the QB Pro then you can add up to 3 users, while in QB Premier and QB Enterprise, you can add up to 5 and 30 users respectively. But if you are using the hosted QuickBooks solution, then you add unlimited number of users as the cloud solution has no limitations in terms of number of users.
Does the multi-user mode affect the performance of hosted QuickBooks?
No, the speed and performance of your hosted QuickBooks will never be affected by adding multiple users to your software, but the same thing doesn’t apply to users who install the software on their computer.
The multi-user mode is a great advantage to small business and accountants as it gives them the power of teamwork and enhances the quality and productivity of their collaboration.