If you are looking forward to streamline many aspects of your accounting department then you are on the right foot. We are saying this because there are many firms out there that don’t pay much attention to their bookkeeping and since bad bookkeeping practices don’t have a direct impact on the business, there are many businesses that continue doing it without any second thought. Well, if you will be able to focus on your accounting practices and come up with various modification and changes then you will surely be able to get expected results from your efforts.
Well, there are many ways you can improve the accounting practices in your firm and this is very important because better bookkeeping will help you in attracting investors, keeping stakeholders informed and it will also aid you in making better decisions since all the decisions that you will be taking for your company will be based on your financial health.
If you are not ready to take any type of risk and if you are planning to take sure shot at streamlining your accounting department then moving to the popular accounting solution in the form of QuickBooks on the cloud will be the best option for you. You should know that hosted QuickBooks is the same desktop QB that you have been using from so many years but instead of installing it on the desktop, the software solution is shifted to the cloud platform.
There are many advantages of shifting to the cloud hosting platform and there are many things that you will be able to improve in your business with the help of this advantageous solution.
Improve security of financial data
If you are running a business then you must be aware of the fact that the financial data of your company will be one of the most sensitive and important types of data that you will be dealing with. If someone will get his hands on your financial data then it will turn out to be a disaster for your company. This should not come as a surprise to you that most of the criminals out there on the online platform are always looking for the financial data of any company since even they know that it is one of the most important type of data that any company deals with.
But if you will move to the cloud accounting solution then you will never have to worry about the security of your financial data. You should know that cloud is one of the most secure platforms out there for storing your financial data as it comes with multiple layers of security like end-to-end encryption, malware protection, two-factor authentication and much more.
Improve your uptime
When you will be using the desktop installed accounting software solution then you must facing the problem of downtime as your whole accounting software solution will be dependent upon the local hard disk and computer system. Well, hardware problems are very normal and this can lead to interruption in your bookkeeping operation that needs to be conducted on a daily basis. With such type of interruption in your bookkeeping, you will surely have to deal with various kinds of problems that will hamper the overall productivity of your firm.
But when you will move to the cloud accounting solution then you will be able to get 99.99% of high uptime and this much high uptime simply means that you will have to face only a couple of minutes of downtime through the year. All the reputed QuickBooks Enterprise hosting providers out there offer guaranteed 99.99% of high uptime and if your potential cloud hosting provider is not offering this much of high uptime then you will need to make switch.
When you will be using the desktop installed accounting software then only one person would have been able to work on the software solution at one go and in addition to this, your employees will also have to deal with sending data back and forth for working like a team. This type of approach surely takes a toll on the collaboration of your accounting department.
But when you will move to the cloud accounting solution then you will get the power of multi-user collaboration. And with this power, you will be able to add as many people as you want on your cloud accounting solution and they all will be able to access the changes made in real-time. This of collaboration system will make sure that there is no more need of keeping all the employees under one roof.
You should know just by a small switch to the cloud platform in the form of cloud hosted QuickBooks provider will allow you to improve many things in your firm and you will soon start noticing positive changes. It doesn’t matter which type of business you are running or which type of industry you are in, you will always be able to make the most from the move to the cloud computing platform.
From better collaboration to improved security, there are many important changes that your firm will go through if you will just make one move to the cloud from your traditional desktop installed accounting software. All that you will need to do is to choose the right cloud hosting provider offering hosting services for QuickBooks and then everything will be done by the cloud hosting provider itself.