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 […]
Do you want to learn more about QuickBooks hosting? Check out our answers to the top 10 questions!
You can head straight to Google for the answer, but you’ll be bombarded with conflicting opinions and ads that won’t help much. In this blog, we’ll answer ten frequently asked questions about QuickBooks Hosting to make your life easier.
FAQ#1: What is QuickBooks hosting?
QuickBooks hosting refers to the configuration and setup of the desktop version of the QuickBooks software on cloud servers. The files are hosted over secure servers, which enable authorized users to access data easily through the Remote Desktop Protocol (RDP). Using QuickBooks hosting solutions, businesses can maintain a collaborative hub to facilitate efficient business operations.
FAQ#2: What are the main benefits of QuickBooks hosting?
QuickBooks hosting comes with a wide range of benefits for businesses, especially SMEs, who want to manage their accounting and financial operations effectively. For starters, it eliminates the need to invest thousands of dollars in developing and maintaining costly IT infrastructure as the system runs on the cloud. Moreover, QuickBooks hosting also saves thousands of dollars in salaries as the service provider takes care of maintenance and regular upgrades.
In addition to that, it provides excellent security along with data protection and backup option, which ensure the safety of a company’s confidential and private information. Top QuickBooks hosting providers offer 24/7 customer service to troubleshoot any sort of problem and ensure more than 99.99% uptime. The Intuit software also offers compatibility and integration with other applications. It’s an extremely flexible and scalable option for SMEs.
FAQ#3: How Does QuickBooks hosting work?
The hosting provider starts by installing the server in the system using a licensed copy of QuickBooks software. The business (end-user) is provided access to the server (hosting provider) over the internet using the Remote Desktop Protocol (RDP). The server is customized to be accessed from different devices—like PC, laptops, and smartphones—and different platforms such as macOS, Windows, iOS, etc.
FAQ#4: Why shouldn’t I stick to a traditional QuickBooks Desktop?
QuickBooks Desktop is useful software, but it has limited functionality when compared to QuickBooks hosting. The common limitations of the desktop version include the following:
- No Remote Access
- No automated updates
- No real-time team collaboration
- Limited user access
Moreover, the on-site servers require costly investment and maintenance, which reduces profitability and prevents businesses from achieving their full potential.
FAQ#5: How much does QuickBooks hosting cost?
Every QuickBooks hosting provider has a different pricing structure. On average, companies charge around $50/user/month. However, the costs also depend on the plan you choose. For instance, gotomyerp QuickBooks hosting plan starts from $39 per month per user.
FAQ#6: How to choose the best QuickBooks hosting provider?
There are numerous QuickBooks hosting services provides available in the market, which can make it challenging to pick the right one. Ideally, you should look for an experienced hosting provider with in-depth knowledge of the software. Moreover, you hand over critical information about your business, so make sure they have a good security system in place. In addition to that, make sure they offer a high uptime to prevent disruption in the workflow. A good hosting provider will offer more than 99.99% uptime. You may experience bugs and glitches when working on hosted QuickBooks; therefore, it’s crucial that your service provider offers 24/7 customer support.
Finally, you should partner with a company that offers hosting services for different versions of QuickBooks so you can conveniently upgrade when scaling up your business.
FAQ#7: Is QuickBooks hosting only a cloud solution to manage finances?
QuickBooks hosting is used to streamline accounting and financial activities, but the software is capable of performing several other functions. For instance, it allows you to manage your inventory effectively. From printing slips to keeping a tab on accrued payments, it can take care of several important tasks. Moreover, you can use job-costing features to gauge profitability by customer engagement to get a detailed breakdown of your revenues. These are only a few examples of tasks that can be performed using the QuickBooks hosting solution.
FAQ#8: Does QuickBooks hosting support automated invoicing?
Yes. You can automate the invoicing process using QuickBooks hosting. The invoices can be generated and scheduled to be sent at a specific time and date. Furthermore, it comes with an automatic invoice reminder feature that sends a notification to customers when the payment due date is near. The discounts, shipping costs, and taxes are calculated automatically by the software using pre-input values defined for each client or unit.
FAQ#9: How does QuickBooks hosting differ from QuickBooks Online (QBO)?
QuickBooks hosting, as mentioned previously, is the desktop version of QuickBooks software installed on the cloud. On the other hand, QuickBooks Online is a different Intuit product that can be accessed via a web browser and comes with limited functionalities. QuickBooks hosting offers more robust features than the latter option, including inventory management features. To find out more details, check out our detailed comparison guide between QuickBooks Hosting and QuickBooks Online.
FAQ#10: Does QuickBooks hosting support credit card transactions?
Yes. QuickBooks hosting solutions support credit cards, debit cards, and bank transfers, which allow businesses to take payments from customers and suppliers who pay online. If you use QuickBooks Enterprise Payments, the system automatically updates and sends payments directly to the bank.
QuickBooks hosting is a perfect solution for SMEs who want to streamline their business operations and optimize their business functions. We hope that these FAQs helped you gain a better understanding of QuickBooks hosting and help you make a better call.
If you’re looking for an experienced QuickBooks hosting service provider to find out more, get in touch with gotomyerp today! We’re a renowned QuickBooks hosting provider that can develop a fully-functional QuickBooks cloud solution from scratch and answer all your queries.
To get started, call (877) 888-5525 today!