4 Ways QuickBooks Introduces Efficiency Into A Business

The popularity of QuickBooks desktop software has been observed in every industry lately. The software offers a steady, user-friendly interface, making it the first choice for most small and medium-sized businesses. The easy-to-learn software has been known to simplify business accounting practices for several years and proudly owns more than 85% of the market share. A product by Intuit, QuickBooks is available in three different versions- Pro, Premier, and Enterprise, therefore, providing its utility to a wide base of businesses.

Here are 4 simple ways of how QuickBooks introduces efficiency in businesses:

QuickBooks Cloud Hosting Opens Up Several New Horizons

Cloud technology has made its mark in every area, not excluding the accounting industry. The want for mobility and the appeal of flexibility has most businesses wanting to migrate to the cloud. The QuickBooks accounting software followed suit. Being cloud compatible, the software can be hosted on the cloud and accessed any time, anywhere, and on any device.

Cross-device usage, a feature you get to enjoy with QuickBooks cloud hosting can be thoroughly enjoyed by the users. This allows them to void themselves of the primitive practice of being present in the office to catch up with work. Your cloud hosted-QuickBooks lend you with the freedom of working from any geographical location, at any time of the day, and from any device, be it a laptop, smartphone, computer, or tablet.

Leverage Your Business Accounting Process With Add-Ons and Enjoy Multi-User Collaboration

The best part about QuickBooks hosting is that it is automatically updated. So, the users do not have to worry about updation and upgradation of their software. It is already taken care of by the QB hosting providers. The software can also be integrated with several add-ons and cloud-hosted tax software. Therefore, users need not worry about spending piles of money on updating the software that they use regularly. Everything is already taken care of by the hosting provider.

On the other hand, the cloud-hosted QB software also leverages business owners to work in collaboration with their clients and employees. Thus, allowing them to break geographical barriers and work on-the-go.

Take Data Security and Safety of Business Information To The Next Level

One of the prime concerns of businesses these days is to ensure the security of their data. Cyber attacks have been on the rise and every other day we learn about a new data breach. Organizations, both big as well as small, have been affected by cybercrime on multiple occasions. To protect one's data, a couple of healthy practices need to be enforced. One, conducting multiple backups of data to protect against incidents such as accidental deletion and breakdown of hardware. Two, enforcing data security measures such as data encryption, strong passwords, and a firewall.

Undoubtedly, taking QuickBooks to cloud frees the user of security concerns. The cloud is highly secure since data centers are mainly situated at remote locations, reducing the risk of data theft to a greater extent. These data centers deploy several layers of security measures to ensure multi-level safety to their clients' data.

Integrate Your QuickBooks With Add-ons and Applications

Although QuickBooks is packed with features that simplify accounting to a great extent, there can still be other features that are provided by add-ons. Luckily, the QuickBooks accounting software can be integrated with hundreds of add-ons without any limitation and data can be synced into these applications automatically. The compatibility with a range of add-ons also extends up to tax software as well. So, tax season can be a lot easier with QuickBooks software. It saves business owners the time and efforts to transfer data from one application to another for tax preparation and reduces the possibility of errors as well.

Also, hosting QuickBooks on the cloud allows users to work with their tax preparers in collaboration, irrespective of their location.

Finally

The points discussed above validate the importance of QuickBooks for small and medium-sized businesses. The wide reach of the software simplifies a number of tasks, ranging from tax preparation to accounting and managing daily tasks such as creating invoices, paying bills, generating invoices, tracking inventory, and more. The cloud-friendliness of QB replaces the need to install an in-house IT infrastructure, saving the firm a huge amount of money. QuickBooks hosting also helps to introduce more flexibility in the accounting process, along with multiple layers of security.

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Created on Jun 10th 2019 00:19. Viewed 828 times.

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