QuickBooks Desktop provides three distinct Bank Feed modes, each designed to cater to different transaction handling preferences and requirements. These modes—Advanced Mode, Express Mode, and Classic Mode—offer unique functionalities and user experiences. Understanding these modes is the first step towards optimizing your banking transactions in QuickBooks. Advanced Mode Advanced Mode leverages the Transactions List window […]
Demonstrating improved performance and amplified QuickBooks capabilities, small and medium-sized businesses are increasingly adopting cloud-based QuickBooks hosting to deliver an exceptional user experience. While establishing your own hosting infrastructure is possible, leveraging third-party service providers offers greater flexibility and cost-effectiveness.
Here’s what you need to know about QuickBooks hosting in 2023:
1. Accessible 24/7
With QuickBooks Desktop installed locally, continuous access to the specific device running QuickBooks is essential. This limits round-the-clock access for you and your employees unless you use portable devices like laptops. However, even laptops pose risks if lost or damaged, resulting in the loss of QuickBooks access and data. Hosted QuickBooks solutions enable access from any location and device, including laptops, smartphones, and tablets. A stable internet connection and valid login credentials are all you need, with reputable hosting providers offering a 99.999% SLA-backed uptime guarantee.
2. Robust Security Measures
Given the rise in cyber threats, robust security infrastructure capable of withstanding modern attacks is crucial. Hosted QuickBooks solutions, unlike traditional setups, are protected by multi-layered security systems. Top-tier hosting providers implement stringent security measures, such as advanced identity protection systems (IDP), network filters, internal/external firewalls, 256-bit bank-grade encryption, multi-factor authentication, and AI-enabled surveillance to safeguard your data from unauthorized access.
3. Streamlined IT Management
Traditional QuickBooks setups require in-house IT infrastructure, which can be challenging to manage. Additionally, maintaining a dedicated IT team adds to costs. Hosted QuickBooks solutions are managed by experienced hosting providers who take responsibility for the entire IT infrastructure, leaving you to manage only the end-point devices—an easier and more manageable task.
4. Guaranteed Data Availability
Data is an essential asset for accountants, and clients increasingly expect proactive financial solutions from their accounting professionals. Hosted QuickBooks solutions ensure continuous data availability for your organization. Reputable service providers regularly back up your data across multiple data centers, employing advanced protection measures against human and environmental threats.
5. Increased Productivity
Hosted QuickBooks solutions enhance employee productivity. With remote access, employees can work from home, resulting in a 47% increase in productivity. Furthermore, Forbes suggests that employees using their own devices (BYOD implementation) tend to be more productive than those using office systems.
6. Eco-Friendly Paperless Accounting
As organizations prioritize reducing their carbon footprint in 2023, adopting paperless accounting practices contributes to environmental sustainability and streamlines document-intensive processes. Hosted QuickBooks solutions facilitate a seamless transition to paperless operations, helping firms reduce paper-related expenses such as printing, storage, and management.
7. Affordable Business Expansion
Expanding a business using traditional QuickBooks desktops requires substantial financial investment. This includes securing office space, establishing IT infrastructure, and maintaining workspaces. QuickBooks hosting simplifies expansion without significant expenditure. Remote access to QuickBooks data enables you to hire top talent globally, while clients can upload their data from anywhere, easily accessing your services remotely.
QuickBooks hosting provides accountants with a modern approach to accounting in 2023. Its remote access capabilities are invaluable as the ongoing changes in the workforce continue to influence remote work preferences.
Curious about how QuickBooks hosting can benefit your business in 2023? Request a free trial by contacting our Solutions Consultant at (877) 888-5525. Experience firsthand the advantages of cloud-based QuickBooks and adapt to the ever-changing accounting landscape in the digital age.