Cloud-based vs Desktop Accounting Software
More professionals and companies are moving towards an online and more flexible type of working environment, especially amidst the COVID19-pandemic and subsequent lockdown.
But when it comes to bookkeeping and accounting platforms and software, the business world has been moving operations to the virtual world for some time now and at an accelerating pace.
So, whether you like it or not, times are changing, and they are changing fast. So, to avoid falling too far behind or missing out on the perks of digital developments, the time has probably come to consider upgrading from desktop to web-based applications. And don’t be surprised if, in a few years, desktop software becomes completely obsolete.
It’s anticipated that by the year 2023, cloud accounting will reach a large market share of $4.25 billion globally whereby companies that solely rely on cloud-based accounting experience significant year-over-year revenue growth of 15%, which further begs the question for desktop users – why have you not made a move yet? As today’s businesses become more and more mobile, the time has come to consider upgrading your systems and processes from on-premise to reputable cloud software, such as QuickBooks® Online.
Transitioning from desktop software to cloud-based programmes affords your business accessibility, added security, and peace of mind. Having a cloud-based system in place also gives you the benefit of any time, anywhere access. You will have automatic backups of your data, and developers are always updating and creating new and helpful things to make businesses run more efficiently. The key here is to work smarter, not harder!
The cloud is a platform to submit data to the cloud anytime, anywhere, from any device, and have a real-time view of the stance of things. In a desktop application, your hard drive is the central and only location of your data. Your hard drive is no longer the central hub if you use the cloud. It is automatically updated and backed up so you will not lose your data or reliant on one device or user for that matter.
Cloud accounting software is becoming more and more popular to use in business, and you can be sure your data is protected through encryption software. Believe it or not, the cloud is one of the most secure ways to store information. Accounting software that is not in the cloud can make business more strenuous than it needs to be. Cloud accounting software simply saves your company time and money.
Online accounting means business owners can stay connected to both their data and clients. There are a bunch of add-ons that can integrate with the software to help make your business more efficient. There’s no need to install and run applications like on desktop software. Instead, you pay for the software via subscription with online support and assistance.
This can be very helpful for start-ups who want to keep their accounts organised without committing to a one-user on-site solution, while also reducing initial costs. Other businesses might simply prefer them because they often allow for greater control and security of data.
Cloud accounting technology is an asset for workplaces that prioritise flexibility and promote a remote work environment. Even if being remote isn’t a fit for your business, there are serious security concerns when equipment gets stolen or damaged that are causing desktop software users to make the leap to cloud accounting. Also, if you are a business owner who is always on the go, being able to have a pulse on your business performance, cash flows, and tasks, is invaluable.
Last but not least, the ability to customise your accounting software is vast. No two businesses are alike, so why should so many businesses share the same straight-out-of-the-box desktop software?
Once you start learning how to automate, streamline, and optimise your business based on your unique mix of apps, you’ll wonder why you didn’t migrate sooner. Cloud accounting software gives you the flexibility to run your business from work, home, or on-the-go. No matter where you are, you can get up-to-date information on your business. Software updates are being developed and delivered faster, too. The cloud automatically installs these, so you don’t need to worry about installing the latest version.
If becoming digitally savvy is a top priority, then cloud accounting is undoubtedly an imperative step. Whether or not you’re ready to make a move to cloud accounting, one thing’s for sure: The future is cloud, it just depends on when you’re ready to embrace it.
If you need help making the switch from desktop to cloud accounting, in particular QuickBooks Desktop to QuickBooks Online, then we know precisely how to assist you. QuickBooks is a comprehensive solution that scales well as your business grows. It offers core accounting, reporting, banking and invoice functions, and also inventory and project management support.
QuickBooks is a highly scalable software that works for sole proprietors and small businesses. Brilliant Consultants are QuickBooks resellers, and they promote QuickBooks online. Speak to us – we can help with the data migration and setup.