Small businesses today have more choices than ever when it comes to accounting packages. Whereas in the past, when a business just decided on which accounting software to buy and install, today there are also cloud-based options available. One of the most popular among small- and medium-sized businesses is QuickBooks Online. Below are the principal advantages of taking your accounting to the cloud.
First, with QuickBooks Online you always have the most current version of QuickBooks with no need to ever upgrade your software. Gone are the days of having to install new software on each computer running QuickBooks every time you upgrade to a new version.
Second, far too many small businesses have suffered catastrophes when a critical hard drive containing accounting data failed. Even with onsite backup of files, fire or other disasters can wipe out your backup as well. With QuickBooks Online all of your data is securely backed up for you in the cloud.
Third, by going online you have the convenience of always having secure access to QuickBooks wherever you go. This is a huge advantage to businesspeople who travel frequently or who work from both the office and from home.
Finally, QuickBooks Online makes it easy for you to easily share data by allowing you to create access privileges for contractors or for your accountant.