With over 4.5 million users globally, existence in the industry from almost a decade, and users varying from professionals to noobs, the QuickBooks has been ruling the accounting software industry like a King from a very long time.
There are various features in the QuickBooks software which makes it a leader in the accounting software industry like expense tracking, inventory management, cash flow management, invoicing, accounting reports, etc.
The most common method of using this advance and fruitful accounting software is by installing it on the computer, but the advancement of technology has given the users various other options of using the software in a better way and one such method is cloud accounting.
There are two ways in which the user can opt for the QuickBooks accounting software; QuickBooks in-house server and QuickBooks hosting. So, in this blog post, we will be discussing the features and the advantages of these two methods and finally try to reach at a conclusion.
QuickBooks In-house server
The QuickBooks in-house server is one of the ways of using the QB accounting software on the cloud. In this method of cloud accounting, you will have to build your own IT infrastructure in order to set up your own cloud server. After that, you will also have to hire an experienced IT team, which will be responsible for keeping the server and the infrastructure always available for your company.
This type of cloud accounting solution is generally opted by businesses that have a very big budget for their infrastructure. But in this cloud accounting service, you will be able to use the QB software on only those devices which have been provided with the QB software. So, you will not be able to use the QB software on any other device rather than the authorized one.
Along with that, you will also need dedicated resources for a complete installation of your server and QuickBooks software. The backup facility is also quite complicated in the in-house server solution as you will need the installation of massive servers at different locations so that you can extract the files from a backup server whenever you need them.
But the biggest factor which puts the in-house server solution on the negative side is its price. Small businesses don’t have that much budget and that’s why they need to make smart decisions. The cost of building your own server, hiring IT employees, and the cost of the backup facility can burn deep holes in the pocket of the small business owners.
QuickBooks cloud hosting
The QuickBooks cloud hosting is one of the most advantageous cloud accounting solutions which offers various benefits to the user without burning a hole in their pocket.
In this advanced accounting solution, you just have to choose the best QuickBooks hosting provider and then choose their hosting plan according to your need and requirement. After that, the hosting provider puts your QB accounting software on their cloud server and that’s it.
There is no need of installing an IT infrastructure in this case as the software is hosted on the cloud server of the hosting provider. In addition to this, you also don’t have to hire any IT team as the hosting provider offers round the clock customer support without charging anything.
The backup facility is also quite a unique feature of the QuickBooks hosting service as you get nightly backup facility without paying anything extra.
The security and the uptime issue is also taken care by the hosting provider as the cloud server has multiple layers of security along with an assured 99.95% of high uptime.
Talking about the security of the cloud server, there is anti-virus, anti-malware, two-factor authentication, encrypted data, firewall protection, and various other security features which makes the cloud, a 360 degree secured platform.
There is a very long list of QuickBooks hosting providers and each one of them have their own uniqueness and feature. You need to choose the right QB hosting provider according to the need of your company, its size, and industry. If are able to choose a good hosting provider, then everything from there will go on smoothly as the hosting provider takes care of all your IT headaches so that you can focus more on your core job rather than wasting time in dealing with IT issues.
Both the QB in-house server and the QB cloud hosting solution have their own advantages and disadvantages, but after analyzing the features and requirement of both the solution, you will realize that the QB hosting is a much cheaper, more flexible and enhanced cloud accounting solution than the QuickBooks in-house server.