Top Myths and Wrong Theories Related to QuickBooks Cloud Hosting

Ever since the accounting business became mainstream, QuickBooks are prominently used in the industry. For every small or average sized business, it is the common software used. By using QuickBooks, you get to receive a lot of benefits.

It helps you in keeping a track of your finances, managing your income and expenses, creating invoices and reports. However, as technology is evolving, a lot of people have some weird theories about QuickBooks cloud hosting.

It is a service that lets you access your QuickBooks desktop version software from a cloud server anywhere with just a stable network. In this article, we’re going to highlight some of the top myths and wrong theories related to QuickBooks cloud hosting.

Myths Related to QuickBooks Cloud Hosting

Myth 1: QuickBooks Cloud Hosting Is the Same as QuickBooks Online

If we are talking about myths, the most common misconception we usually come across is how QuickBooks cloud hosting is often considered the same as QuickBooks online. It is believed that QuickBooks online is a web-based version that needs to be accessed by a browser. However, this is a failed statement. Both the software are different and are used under different circumstances.

QuickBooks cloud hosting allows you a quick access to your QuickBooks desktop version software from a basic cloud server. It doesn’t matter which software you’re using, you can access the same features and functions. Both the software are familiar with the basic tasks like managing payments, tracking reports etc. The mere difference and advantage that you see is the freedom of access through any internet service.

QuickBooks Online, on the other hand, is a web-based version of QuickBooks that runs on a browser. You do not need to install any software on your device or server. With the help of any stable internet connection, you can access your QuickBooks account from anywhere in the world. However, QuickBooks Online has some limitations compared to the desktop version, such as fewer features, less customization options, different user interface, etc. You also need to migrate your data from your desktop version to the online version if you want to switch.

Thus, both the software are completely different and have their own pros and cons that need to be addressed according to your needs.

Myth 2: QuickBooks Cloud Hosting Is Not Secure

Another common myth about QuickBooks cloud hosting is that it is not secure. As a business developer, it is very obvious that users are concerned about the safety and privacy of their data when they store it on a cloud server. The threat of data theft, breaching or hacking is very valid in today’s advanced world. QuickBooks cloud hosting is actually more secure than storing your data on your local computer or network.

However, when working with QuickBooks, the cloud host uses advanced security measures to protect you from any type of data malfunction. It provides you with a system which is encrypted and protects your data from going into the wrong hands. Moreover, it also gives a regular backup for your data and stores it in multiple locations. This way you know even in theft or loss, there is a chance of recovery.

In fact, it is always risky to save your important data on your local computer. This increases the risk of theft and damage for your data. With it you will also require to invest in hardware and software issues. Therefore, the question of security is already answered as to how safe it is to save your data on QuickBooks rather than a local computer.

Myth 3: QuickBooks Cloud Hosting Is Expensive

Another common myth about QuickBooks cloud hosting is that it is expensive. Being in a business it is very important for you to keep a track of your expenses. Many users think that they need to pay a lot of money to use QuickBooks cloud hosting services. However, this is not true. QuickBooks cloud hosting is actually more affordable than using QuickBooks on your local computer or network.

There are many plans and offers that are available. They are designed according to different requirements. As per how you need and what you need for your accounting business, you can select your plan. Moreover, you can save money on hardware costs, software licenses, IT staff salaries, electricity bills, etc., by using QuickBooks cloud hosting.

On the other hand, using QuickBooks on your local computer or network involves various hidden costs that add up over time. You need to buy new hardware or upgrade existing hardware to run QuickBooks smoothly. You also need to buy software licenses for each user and device that uses QuickBooks. You also need to hire IT staff or consultants to maintain and troubleshoot your system. Therefore, QuickBooks cloud hosting is more affordable than using QuickBooks on your local computer or network.

Myth 4: QuickBooks Cloud Hosting Is Not Compatible with Other Software

Another common myth about QuickBooks cloud hosting is that it is not compatible with other software. As an accounting software it is important for it to integrate with other software. They worry that they might face compatibility issues, integration problems, or performance issues. This seems to be a misconception. QuickBooks cloud hosting is quite compatible with other software as well.

With QuickBooks, the cloud host usually provides several integrations and add-on applications. These add-ons will help you in connecting your QuickBooks software to other software. On the same device using the same location, you can easily access your QuickBooks account. Moreover, according to your industry, you can customize your application.

Another issue is that using QuickBooks on your local computer or network limits your compatibility and integration options. There are high chances of facing compatibility issues, integration problems, or performance issues when you use other software or applications with QuickBooks on your local computer or network.

Moreover, you also need to install and update each software or application on each device along with the location that QuickBooks uses. This is one of the reasons why it is more compatible with other software rather than your local computer.

Conclusion

QuickBooks cloud hosting has made a lot of work easier. It has given us a service that allows access to your QuickBooks desktop version software from a cloud server. All the basic benefits of a company are provided frequently. A business flourishes in scalability, security, progress, as well as growth.

However, many users still have some myths and wrong theories about QuickBooks cloud hosting that prevent them from using it. Through this article, we have made sure to clear all your queries regarding the myths related to QuickBooks. After this you can choose a plan that fits your business requirements.