Intuit has been able to satisfy the accounting needs of various size and type of businesses and professional through its robust accounting software QuickBooks from almost a decade.
Admired by accounting experts and used by millions of people all around the world, the QuickBooks accounting software is still dominating the accounting industry like a leader.
The QuickBooks accounting software comes in various forms and sizes, each one suitable for different kind of accounting needs. You have the option of QuickBooks Premier, Enterprise, Pro, Accounting, and many users prefer the QuickBooks Online version which allows the user to access their files from anywhere and at any time.
You might be finding your QuickBooks Online (QBO) solution to be very effective or thinking to opt for it as a small business owner, but you should also consider the point that the QuickBooks Online is not an exact replica of the QuickBooks desktop. There are many changes in the Online version in comparison to the desktop version and if you are choosing the QBO over the QuickBooks cloud hosting, then you need to think again because the Online version restricts you from accessing some features while the cloud version comes with an abundance of benefits.
The long list of limitation in QuickBooks Online.
If you have used QuickBooks desktop then you will soon realize the missing accounting tools from the QuickBooks Online after using it. Many people think that the QBO is the online version of the QB desktop but that is just a misconception.
There are many accounting tools missing in the QuickBooks online and which are easily available in the desktop or cloud-hosted version of the most robust accounting software. For example, you will not be able to find the enhanced lead and inventory centre in the QBO and both these tools in its enhanced form, are very much useful for the accounting purpose. Without these tools, it is very much difficult to manage your inventory and have a track on the lead.
Other than this, the great feature of the Shipping manager is also missing from the QBO which is a great disadvantage for businesses who have a regular use of shipping through UPS, USPS or FedEx. This great tool comes in handy as with the help of this tool, you can ship through the various mediums directly from your QuickBooks
No additional application hosting and slower speed.
The QBO also doesn’t have the ability to host additional application which adds up to its list of disadvantages. If a user wishes to host additional application, then there is no option in the QBO and he will have to shift to the hosted QuickBooks solution for doing so.
The speed of your accounting solution matters a lot because the continuity and time-saving factor depend on the speed of your accounting solution. After using the QBO, you will realize that it has quite a low speed than the QB on the desktop and this can prove to be a drawback for you. While in the case of the hosted QB, the speed is lightning fast in comparison to both QBO and QB desktop.
The missing interface of QB desktop.
It’s true that getting used to the interface of a software takes time, but once you are familiar with its interface, you wouldn’t wish to have a change, especially when you are upgrading to a newer version of the same software.
If a person is using QB desktop from a very long time, then he will be very much comfortable with its interface, but when he will make a shift to QBO then he will have to deal with a completely new interface. While this is not the case in the QuickBooks cloud hosting because the cloud platform of QB offers you the same interface of the QB desktop and that is what makes it a more preferable choice for users.
You might be finding your QBO to be very much useful, but upon comparison with the cloud hosting version and the price you are paying for it, you will be able to clearly differentiate between the two solutions. While none of them is a money guzzler for your small business, but preferring the QuickBooks cloud hosting solution over the QBO solution will always be a smart decision for your firm and from the financial point of view as well.