Hey guys, today in this article, we will discuss the 5 ways QuickBooks hosting saves money for your accounting firm. So keep reading.
Over the years, cloud computing has significantly transformed how the computer industry operates. Even tech industry giants like Google and Apple are moving their applications to the cloud. Shouldn’t the finance and accounting industries start doing the same? Many cloud hosting providers are shaping these industries’ future by providing services like QuickBooks hosting. However, few finance and accounting firms have switched to cloud technology. One of the primary factors that makes it hesitant for these industries to invest in cloud computing is the cost that comes with hosting QuickBooks on the cloud.
This blog post will explain how cloud-based QuickBooks hosting is more affordable than you think and how it can be a cost-effective solution for your accounting firm. Read on!
5 Ways QuickBooks Hosting Saves Money:
1. No Office Maintenance Costs
One of the most significant expenses that your accounting firm would cope with is maintaining the office space. In a typical office setup, you’d invest a lot of money in various aspects of office maintenance, such as ensuring sufficient physical space, maintaining cleanliness, buying multiple systems, and so on.
With QuickBooks hosting in place, you don’t need to ensure the physical presence of your employees in the office. They can use devices like Smartphones, Tablets, iPad, or laptops from home or while on the go, maintaining work-life balance. All they need is access to any of these devices with internet connectivity.
The money you’d save on maintaining your office can be used for generating revenue for your business. Moreover, you can ask your employees to use their own devices and work from anywhere in their comfort. You don’t have to invest in official systems for your employees and save a lot for your business.
2. Nil Infrastructure and Hardware Purchases
It is expensive to set up an in-house IT infrastructure, which not every accounting firm can afford. Secondly, you need to hire IT professionals to ensure the proper functioning and maintenance of the setup. In addition, frequent upgrades and purchases of essential hardware devices add up to the overall budget of your business.
When you use cloud-based QuickBooks hosting services from a reliable reliable cloud hosting provider, they take care of all your IT requirements. The service provider gets you all the necessary IT resources via the internet. All you need is access to internet-enabled compatible devices like laptops, smartphones, tablets, iPods, etc. This way, you can save a lot for your accounting firm and improve the cash flow.
3. Easy Scalability
Availing of QuickBooks hosting services enables you to quickly scale up or down your IT resource requirements such as RAM, storage space, computing speed, and more. All you need to do is contact your cloud hosting provider, and they will provide you with the necessary resources. These resources get added to your current cloud hosting subscription plan at a cost-effective price.
Whenever your system requirements are met, and you feel that the resources are no longer required, you can contact the service provider again and descale the resources. In this way, you can ensure that there is no permanent investment in your IT resources and customize them according to your business requirements.
4. 24×7, 365-Day Customer Support
When you avail of QuickBooks hosting services from a reputed cloud hosting provider, you get round-the-clock technical support in the form of a phone call, email, and chat. You can approach the technical support representatives via any of these means and have your issues resolved quickly. Such features of QuickBooks hosting services eliminate the requirement to hire additional IT resources for your business, thus saving a lot of money that can be used for other critical business-oriented objectives.
5. Data Security
You’d never want to broadcast your financial data as an accounting firm. However, with the rise of cybercrimes, hackers can quickly get into your system and gain unauthorized access to your mission-critical files. Although you can protect the data, doing so would require you to implement extensive and expensive security protocols.
One of the significant advantages of availing QuickBooks hosting services for accounting firms is that the cloud hosting provider manages security for the business. When you register for the service, your cloud hosting provider will assign you a dedicated server equipped with the current security protocols. Besides, the service provider closely checks the latest cyber threat trends, allowing them to make necessary changes to the protocols. This, in turn, helps them ensure the complete protection of your critical accounting data.
Your accounting firm and the business you do are crucial. By hosting QuickBooks on the cloud, you can ensure promising features that can cut down the recurring expenses of your accounting firm. In addition, benefits like remote access, easy scalability, round-the-clock technical support, data security, etc., can significantly transform how you perform accounting tasks. I hope you liked this article on the 5 ways QuickBooks hosting saves money for your accounting firm.
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