The ultimate perks of QuickBooks hosting

Accounting is not an easy task for small businesses as it requires a lot of skills and experience. In addition to these things, you also need to invest ample amount of time to your accounting in order to keep it seamless. But thanks to the most powerful accounting solution QuickBooks, which makes your accounting simple, easy and less hectic.

After shifting to the cloud solution, you get the powerful technology of QuickBooks hosting through which you can easily manage your books without investing much money and time. The QuickBooks hosting is the ultimate accounting solution which is admired by both professionals and newbie. So, let’s go through the perks of QuickBooks and cloud and witness why it’s so famous.

Easy Access

The QuickBooks cloud hosting solution gives you the power to access your books from anywhere and at anytime. With this robust solution, you are no more restricted to your office premises and you get the flexibility of accessing your books from anywhere and at anytime. With such a great feature, you are able to get competitive advantage on other players of your industry and the tough competition gets a little easy for you.

Safe and Secure

Along with the global accessibility, the QuickBooks also gives you the ultimate security and safety which adds up to your list of benefits. Many people are worried about the safety and security provided by the cloud there is nothing safer than the QuickBooks on cloud. There are multiple layers of security on the cloud which keeps your financial data protected from each and every type of risk. The data centers have bank-level security and the hosting provider follows strict security measures which make the cloud an ultimate choice.

Pocket-friendly

The biggest problem for small business while choosing a business solution is the price but that is not an issue with the QuickBooks cloud hosting as it come in a pocket-friendly pricing. The QuickBooks cloud hosting solution is the cheapest accounting solution which a small business can afford and even in such an economical pricing, the cloud solution gives the most ultimate features of the cloud. So if you are a thinking of switching to the cloud then you don’t need to look back at your budget because this ultimate solution can be opted in even the tightest budget crunch.

High uptime

Other than budget constraint, high competition, always evolving technology, the biggest nightmare for any small business is downtime. Most of the small business face downtime because of their choice of business solution which is mostly outdated but that is not the case with the QuickBooks cloud hosting solution as it gives you 99.99% of high uptime. This high uptime is provided by most of the hosting providers and it is mentioned in their key highlights. So with QuickBooks cloud hosting on your side, you don’t have to worry about facing downtime which decreases your value and reputation in the market and among your clients.

Work on these frameworks to choose the right version of QuickBooks software

When it comes to the number of users and the popularity of accounting software then nothing can beat the very useful QuickBooks  software. Developed and marketed by Intuit, this steadfast accounting software offers accounting solutions for the most complicated and time taking financial operations.

In order to make the software suitable for different types and size of businesses, Intuit has a wide variety of accounting software versions like QB Pro, QB Premier, QB Enterprise, QB Accountant, etc.

But many people get confused when it comes to choosing the software and therefore in this blog post we will be looking at some of the parameters on the basis of which you can choose the perfect accounting software version for your business.

Number of users

This is the most important factor which you need to look upon while choosing accounting software. The number of users whom you want to give access to the software plays a great role in helping you decide which QuickBooks version is right for you. For example, the QuickBooks Pro offer maximum 3 users, QB Premier offers maximum 5 users while the most advance Enterprise offer  maximum 30 users. So, firstly decide on the number of users and then look for the right accounting software version.

Yearly business

Another aspect to look upon while choosing the right version of the QB software is to analyze and look at the yearly business which your firm is doing. The Pro version is suitable for small firms that are doing a yearly business of around $1 million while on the other hand, if your firm is generating a business of around $1 million and it is a medium sized business then you should go with the QuickBooks Enterprise. And anyone lying between these two parameters should go with the Premier version and also when you are dealing in a niche industry.

Features

The next thing to analyze before coming to the decision of the accounting software for your firm is the different features offered by these accounting software versions as each one has its own advantages. Like if you are looking for the option of advanced inventory with an accountant toolbox then you will get it only in the QuickBooks Enterprise while if you are looking for industry specific versions with other features such as creating sales order and bill of materials then your best choice can be the Premier version.

But if your requirements are very basics, then the ideal choice would be the Pro version.

Expertise

Last but not the least, your business expertise is another major factor to look upon while deciding upon the version of QB. If you are a professional bookkeeper and accountant then your best accounting partner can be QB Accountant because it offers the most advance accounting tools which can come in handy for professional accountant and bookkeepers. But if the requirements are anything else than this then one can choose from Pro, Premier and Enterprise.

Choosing the right version of accounting software should be a major part of your accounting plans as it can decide on the level of advantages which you will get from the software. So don’t rush while making the decision and look for the above-mentioned parameters while choosing the version of QB software for your business.

Why is QuickBooks cloud hosting the first choice of CPAs all over the world?

With more than 4.5 million users in various sectors of business all over the world, QuickBooks has been dominating the accounting software market like a boss for almost a decade. The way in which the different versions of QuickBooks have gained popularity is extremely outstanding.

The basic motive of Intuit for the accounting software was to make the process of accounting easy and accurate for even the non-accounting professionals. And because of such aim, they were able to develop user-friendly software which becomes a benchmark for all other accounting software. But many people think that why QuickBooks cloud hosting is the first choice of CPAs all over the world? 

So, let’s try to understand the reason behind so much popularity of QuickBooks hosting among CPAs through this blog.

No more problems with accessibility

CPAs are the certified accountants who need to manage their long list of clients and provide quality accounting service to them. Such practice is only possible if one has very flexible access to his accounting software and such flexibility comes built-in with QuickBooks hosting as it offers you the ease of accessing the files and software from any place in the world and at any point of time. All you will need is an internet access and a device for easy access.

Workflow continuity

The management of accounts by CPAs is very much different from what you do with your personal accounts. They need to be professional in every aspect of the accounting service offered by them and therefore they can’t allow any type of interruption in their business, whether it is due to a system crash or any other physical issue.

QuickBooks hosting offers high uptime in order to maintain the continuity of your business and make your service and company trustworthy among clients and partners.

IT hurdles become meaningless

CPAs are the master of accounting and it is not necessary that every CPA will have the technical know-how of the technology they are using and in such cases, going through an IT hassle becomes a big burden for CPAs as it disturbs their workflow and doesn’t allow them to concentrate on their core job. Updates, add-on integrations, all these things becomes a nightmare for CPAs, but not for those who use QuickBooks hosting as the cloud provider round the clock customer support and takes care of all the IT issues, allowing you to focus on your work.

Better security

One another important concern for CPAs, while giving accounting services to their client is the security of the financial data. The clients trust CPAs blindly and therefore they need to make sure that the trust from their client is not broken. With QuickBooks hosting services, you get bank-level security and the safety layers of the cloud allow you to work in peace without worrying about any type of data breach or cyber-attack.

So, after going through the above-mentioned points, you must have understood that why CPAs prefer to go with QuickBooks hosting than any other accounting solution. With better security, high uptime, flexible accessibility and no IT issues, there is no surprise why QuickBooks hosting is leading the market for accounting solution.

Why IT disaster recovery should be on your priority list?

While focusing on the various aspects of a business like marketing, promotion, budget, invoicing, billing, growth, most of the business owners miss one of the most important parts of a business which is IT disaster recovery.

IT disaster recovery is the plan which is targeted towards maintaining business consistency in case of any disaster whether man made or natural. No one has control over the nature and the same goes for human as well, therefore you should be ready for disaster from both fronts and maintain the consistency of the business.

The IT disaster recovery plans are documented on paper and are followed in case of disaster while other ways of doing it is by adopting solutions which give regular data back up like QuickBooks cloud hosting.So now let’s understand the importance of IT disaster recovery plan and know why it should be on the top priority list of businesses.

1. To maintain consistency

The competition in today’s era has grown to another level. You can’t miss a single point which your competitor is offering to the customer otherwise there is a long line of competitors who are ready to take your customers. With low pricing and better service, the consistency of a business also plays a key role in its growth and sustainability in the industry and one of the most trusted ways of ensuring consistent service is by adopting a proper IT disaster recovery plan.  With the help of IT disaster recovery plan, you will be able to resume your business operations very quickly if hit by a disaster.

2. For preventing complete data loss

Other than monetary loss and disruption in the consistency of business, complete data loss is one of the most disastrous impacts of any catastrophe. Business data is a vital part of any business and its protection is the prime liability of the business. Without the business data, a firm will become hollow and therefore you should have smart solutions which comes built in with IT disaster recovery plan like QuickBooks hosting. The regular data backup provided by some of the best QuickBooks hosting providers allows you to recover your data in case of a disaster.  So IT disaster recovery plan is an important weapon to fight against the evil of complete data loss.

What are the different types of disaster which can hit a business?

Natural disaster- It is a type of catastrophe which arises due to a natural event. Some of the examples of natural disasters are floods, earthquake, volcanic eruption, tornado, etc.

Man-made disaster- The catastrophe caused by the involvement of human (willingly or unwillingly) is known as Man-made disaster like fire, oil spills, stampedes, industrial accidents, etc.

A proper IT disaster recovery plan can play the role of a hero and savior for your business as it holds the key of business consistency. So whether it is a small business or a giant firm, every company should adopt a genuine IT disaster recovery plan in their system.

Why companies are moving to QuickBooks Enterprise

QuickBooks Enterprise is an accounting software which has been designed for managing your accounting and business needs in an easy and effective manner. It can perform a variety of accounting and finance related functions like payroll, payment, inventory, journal, bookkeeping, etc. The solution can be scaled to meet the company’s requirement of managing multiple users, inventory workflow or large amount of entries and data.

The software offers various flexible tools which fit perfectly into the financial management needs of small and medium sized businesses. The different versions of the software have been tailored to match the needs of contractor, manufacturing and wholesale, nonprofit and retail. The industry editions of the enterprise offer customized tools and functionalities according to different industry needs and requirements.

It also offers customizable reporting tools which can help you to have an in-depth analysis of data and thus will act as a catalyst in making well informed decisions for your business.

Now let’s look at how QuickBooks Enterprise helps you to manage different sections of your business in a much easier and effective manner.   

Reporting and Financial management

QuickBooks Enterprise has an income tracker feature which allows users to view all transactions without exiting the system. Putting expense details is much quicker and it involves processes from other banks and accounts, all at a single place. There are also industry specific templates and other formats which are created by other users. The system is compatible with reports of Enterprise Solutions’ 138 like Profit and Loss, Forecast vs Actual Budget, Statement of cash flow, Customer average days to pay, etc.

Sales and Customers

Management of reps can be done on the basis of their job. You can also view expenses by rep through customizable report forms and productivity of work increases by assigning default classes to items, accounts and names.

Inventory

By allowing you to create subassemblies in single build, QuickBooks Enterprise removes the hassle of building them individually. You can also create advanced price rules using information based on customer, items, vendors, and more.

Purchasing and Vendors

The purchasing and vendors module of QuickBooks Enterprise is well equipped with advanced functions and tools. The feature of stock status report shows which items are near to getting out of stock and which items need to be replenished. User can also set default classes to items, accounts or names which improve accuracy and efficiency. You can find the information of your key vendor instantly and can add or remove vendors in a quick and easy manner. The fully equipped software also allows you to track manufacturer’s part number.

Technical specification

Type of Specification	Details
Device supported	Windows, Linux, Mac, Web based
Available language	USA, UK, Canada, International
Available integration	Existing Quickbooks files, Microsoft Excel 2002, 2003 or 2007,
Pricing type	Monthly payment, annual subscription
Deployment	SaaS, On premise, Cloud Hosting

Other benefits

• Advanced Pricing
• Advanced reporting
• Cloud hosting
• Arrange lines in sale and purchase transaction
• Get reports from negative items list
• Showing cost on sales transaction
• Row shading on transaction forms when printed, etc.

QuickBooks Enterprise is complete accounting software which comes with bundle of benefits. Even if you are using the other versions of QuickBooks, still, switching to Enterprise will not be difficult for you as the looks and functions of the Enterprise version has been kept almost similar to its different editions like QuickBooks Pro and QuickBooks Premier.  

Use these apps to make your accounting firm successful

Taking care of the clients is one of the most important tasks of any accounting firm as in the end, clients are the one who will be generating business for them. If the clients of an accounting firm are satisfied, then nothing can stop them from becoming successful. There are some common practices which every accountant should follow in order to make their mark in the market and one such practice is being technologically advanced.

When we talk about accounting firms, then being technologically advanced means the use of highly advance software and apps, for making the process of accounting easy and effective. This era of technology is being ruled by software and that’s why taking advantage of an optimal solution which eases your burden while enhancing its productivity and performance is never a wrong deal.

Therefore, in this blog post, we will be looking at the top tech software and apps which every accountant should use.

Asana- This modern app is known for its user-friendly functionality and multifunctional tools. With the help of this app, you can make projects and groups, see the status of projects on your calendar, look for tasks according to task name, people and project. Asana syncs your mobile and PC with more than 1000 third-party apps, isn’t that great?

SherpaDesk – Also known as a Swiss Army Knife for accountants, this multifunctional app can prove to be your all in one Professional Service Automation Software and if you are thinking that this is just a project management software then you need to remove the blindfold from your eyes. This super app can help you with invoicing, billing, asset management, data reporting, time tracking and help desk. In addition to this, you can also create clients profiles and projects.

ABLE- It is a perfect CRM software which has been specially designed by keeping accountants in mind. The developer knew this well that most of the accountants have very limited time and that’s why through this software, they have tried to ease the tasks so that time devoted on each operation is reduced. With this app, you can identify important clients, learn about their needs and manage the relationship in a better way. You can also conduct client survey, get new business opportunities and change your sales style according to the client.

Salesforce Essential- When one talks about the most popular sales tool for big companies then the first software which comes to mind is Salesforce. And the new update which brings CRM offering especially for small businesses makes this app more productive. This app can help you to track emails, automatic calls, and meetings from your inbox, so in layman’s language, it helps you to wipe out the time wasted on data entry.

QuickBooks Hosting – It is the cloud-hosted version of the desktop app QuickBooks. Managing finances without an accounting solution like QuickBooks cloud hosting can prove to be a disaster for your accounting firm. Hosted QuickBooks offers numerous accounting benefits which come bundled with the power of cloud. Used by over a million users all over the world, one can’t deny the simplicity and productivity of this accounting solution.

The era of being stuck with papers and pen in accounting is long gone. Now accountants should use apps, internet, cloud computing and other various technologies for making their financial management fit according to the market and technology.

If you are looking to migrate to the cloud computing solution with your QB then you can go for Cloudwalks which is a leading and most popular QuickBookshosting provider. The economical hosting packages with bank-level security make Cloudwalks a perfect choice for all your accounting operations.

Top Bookkeeping practices for an ideal financial management

If you are running a small or medium sized business, then a proper and effective bookkeeping plays a key role in running your business smoothly. But most of the startups and entrepreneurs, ignore this vital aspect of financial management and when the tax season comes around, they had to face problems, hurdles and sometimes, legal penalties as well. Not only for a proper financial management but even by law, maintaining records on a daily basis is necessary. That’s why a proper bookkeeping becomes important for not only an effective financial management but for staying out of trouble with Internal Review Service as well.

But with few bookkeeping tips and routine practice, you can get a better hold on your transaction details which will not only help you during the tax season, but will also assist you in making better financial decisions and planning.

So, in this article, we will be looking at the top bookkeeping practices for an ideal financial management.

Use the cloud

Most of the accounting software have the fully functional features for a proper Bookkeeping and hosting such software on cloud gives you several advantages. One such solution for proper bookkeeping is QuickBooks hosting. Bookkeeping on cloud wipes out your chances of data loss as all the data is stored on cloud with proper backup. You can also access your bookkeeping from anywhere and at any time. There are various templates for small business which are provided in the accounting software, like deposit slips, business account check printing and invoices.

Keep your private transaction separate from your business transaction

The accuracy of your accounting details depends on the number of accounts you are dealing with and that’s why it is advisable to keep your private transactions separate from your business transactions, so that you can be much more accurate while dealing with one type of account. In addition to increased accuracy, you will also be able to save a lot of time by keeping these accounts separate.

Double check your records and reconcile bank accounts on monthly basis

You should double check your bank accounts and transaction on monthly basis, so that if there is any mistake, then you can fix it before it gets piled up when the tax season arrives. You should also reconcile your withdrawals and deposits, which will help you to spot any type of discrepancy with much more ease.

 Keep aside the money for paying taxes

With a better financial management, you will be able to plan your taxes better and based on those estimates, you need to keep aside money for paying taxes. It will minimize your burden of arranging money on instant basis. You should also note the tax paying date and set reminder for avoiding any hassle.

Set time for weekly review of your books

You should decide a fix date for every week, on which, you will review your books. Having a dedicated date and time for reviewing your books will allow you to keep everything in order.

Bookkeeping is an important part of a business and if you are a startup or an SME, then it becomes vital for you to have a proper bookkeeping. A proper bookkeeping allows you to have a detailed and accurate data of your expenditure, invoices and many other financial aspects. Follow the above mentioned tips and maintain an effective bookkeeping for better financial management.