Are you in search of a cloud hosting provider for your accounting operations?
There was a time in most industries when each type of business was limited to a handful of business solutions. Such a situation didn’t allow any company to gain a competitive advantage, and it also forced most businesses to move at the same pace in every situation.
For example, when it came to accounting solutions, most businesses used to have only one option: to carry out their accounting operations only through pen and paper. It didn’t matter how big or small your business was; the only way you could deal with your accounting operation was through pen and paper.
However, with time and the development of technological solutions, things changed drastically for most businesses. Whether it was a small business or a giant business, everyone was thriving on technological solutions. From marketing to HR, everywhere, technological solutions were being used without any second thoughts.
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QuickBooks Hosting Vs In-House Server
Well, technology has played a significant role in providing businesses with multiple options for business solutions, and it has also shaped the business departments. For example, in the modern era, recruitment processes have been transformed with the help of technology, as interviews can now be conducted even through Skype.
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However, if you think that technological solutions have only shaped the HR, marketing, and sales departments, then you are entirely wrong. You should be aware that technology has played a significant role in transforming the accounting industry. Earlier, accounting was considered a dull process; however, with the advancement of technology, it has become an interesting and tech-savvy department as well. One of the most valuable gifts technology has given to accounting is cloud accounting.
Cloud accounting solutions, such as QuickBooks hosting for accountants, have gained popularity in a very short period of time because they fulfill the needs and requirements of businesses without requiring a significant investment. However, you should be aware that despite its immense popularity and widespread use, many companies are still undecided between cloud-based QuickBooks and in-house servers.
If you also belong to a group of people who are confused about these two accounting solutions, then you have come to the right place. In this blog post, we will discuss the differences between these two so that you can decide which one is better.
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Price
If you look at the price point of view, you realize that the hosted cloud accounting solution is much better than an in-house server. If you opt for the in-house server solution, the first thing you will need to do is install the server on your premises. Well, this means building a complete It infrastructure that will suck a significant portion of your budget.
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You will need many different types of hardware-based technological equipment to build a proper cloud server. Additionally, you will need to allocate funds for hiring, training, and managing IT professionals to ensure that your IT infrastructure is always available and well-maintained.
However, when you choose a hosted accounting solution, you will not need to install an IT infrastructure, as your accounting software will be hosted on the cloud server of the cloud hosting provider. Additionally, you will not need to hire IT professionals, as you will not have any on-premise IT infrastructure to manage.
Management
Well, if you are running a small or medium-sized business, then there are high chances that you will not have a technological background, and this is one of the main reasons why such companies don’t want to deal with IT infrastructure management. This type of management will increase the workload on the business owner, and they will not be able to handle their critical business operations. With an in-house server comes the challenge of managing the IT infrastructure independently. From updating the system to managing uptime, everything will be dependent on you.
However, when you use the hosted solution, you will not have to manage anything on your own. You should know that with the hosted solution, you will receive round-the-clock customer support from the cloud hosting provider, all at no additional cost. This enables small and medium-sized businesses to thrive in the cloud without the hassle of managing IT infrastructure.
Scalability
If you are running a small or medium-sized business, there is are high chances that your business will grow at a breakneck pace, as you are currently in the initial stage of your business lifecycle. Well, there is nothing wrong with growing in the industry, as this is what every business owner expects. However, you will also need to fine-tune your business solutions to match the pace of your growing needs. You should know that changing the need from your in-house server is a very complex process, and that’s why most of the SMEs don’t prefer it.
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However, when you use a cloud-hosted accounting solution, such as cloud-based QuickBooks hosting, you can scale up or down without any hassle. All the cloud hosting services are highly scalable, and just by making a simple request to your cloud hosting provider, you will be able to scale up your cloud hosting needs to match the pace of instant growth.
As you can see, cloud hosting services are much better than in-house servers in many ways. There is no denying that if you are running a small or medium-sized business, then using a cloud-hosted accounting solution is often the best option, as it is less costly, more flexible, and less rigid than relying on an in-house server.
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About the Author:
John Raymond is a cybersecurity content writer, with over 5 years of experience in the technology industry. He is passionate about staying up-to-date with the latest trends and developments in the field of cybersecurity, and is an avid researcher and writer. He has written numerous articles on topics of cybersecurity, privacy, and digital security, and is committed to providing valuable and helpful information to the public.
Agreed! Accounting professionals and business owners often remain confused about whether they should buy an in-house server or choose a hosting provider for QuickBooks. An in-house server is more expensive as compared to hosted QuickBooks as it involves the cost of purchasing hardware, upgrading it, and deployment of an IT-team to manage the server. In QuickBooks hosting, this is the responsibility of the service provider itself. Moreover, with QuickBooks hosting, users don’t have to worry about constant data backups. Hosting providers are often partnered with data centers at multiple locations to provide top-notch data protection and security.
Thanks for sharing this article, John.