Why you should be using QuickBooks Online
The bottom line is, QuickBooks online makes your life a heck of a lot easier, and if you are working with accounting clients, it makes your accounting relationship with them much better.
There are many reasons why you should switch to QuickBooks Online, but let’s start with some history.
1st Cloud Computing Milestone
In 1999, technology giant Salesforce pioneered the concept of delivering enterprise applications through a website. They started the trend of what is known now as SaaS or Software as a Service.
Two things were discovered
- Software products provided via the internet, or SaaS products, created an overall better experience for the end user.
- The SaaS model provided better opportunities for tech companies to monetize their software products
Once these two factors became credible and vetted, the “Cloud” style of computing took off. The concept of technology operating in the cloud ultimately benefits everyone, the buyer and the seller. This is why there has been such a huge wave or switch to cloud computing software.
If the cloud is so great, why do so many people still use “QuickBooks Desktop Versions”
If it isn’t broke don’t fix it
The accounting industry is a lot like a large store like Wal-Mart during the end of the 4th QTR. At the end of the 4th QTR Wal-Mart, or anyone else for that matter, does not want to upgrade their computers Operating Systems. The reason why is because when you upgrade your Operating System you will most likely have other dependent programs that help run your business that could be negatively affected. Because of this, many businesses will maintain older technology for the holiday season and wait to upgrade later.
Accounting is similar to this scenario, but at a larger scale. The issue is two fold:
- Many accounting firms are very traditional and are run by very traditional individuals who do not like change.
- Accounting deals with money. When it comes to money, if you have a system working you don’t change it.
So let’s talk about number 1: Can’t teach an old dog new tricks
This term isn’t necessarily true, but in regards to the accounting industry it is more true than not.
I use a term called “Traditional Accounting” in reference to many accounting firms today. I say this because many accounting firms exhibit these traits…
- They are still using paper for everything and will not go paperless.
- They continue to use the same software they have always used.
- The traditional accounting firm model is meant to benefit the “Partner or Firm” more so than the client.
- They focus on TAX season, though we all know that tax season for the client is only one day out of the year.
Number 2: Money is sacred, don’t touch it.
Granted this one has its merits, money is sacred and you should be very selective on who touches it. That being said, just because something is “technology” doesn’t mean it’s bad. As long as due diligence, proper vetting and verification has been conducted on software that touches your money, you will be fine.
I am going to make a bold statement and a testy conclusion.
Cloud technology was created for the benefit of the user.
Since 1999 it has been proven that cloud technology is beneficial for both the user and the provider.
If you as the accountant are still using Desktop Solution and are not encouraging your accounting clients to move to a cloud solution like QuickBook Online -> Then your are part of that category whose business model is meant to benefit the “Partner or Firm” and not the client.
The bottom line is, cloud accounting solutions like QuickBooks online makes your relationship with your accounting clients more effective, efficient and streamlined.
Some Basic Facts
1. Software versions
With QuickBooks Desktop, it is a pain to use if you (the accountant) and the client have two different year Desktop Versions. Let’s put it this way, the files going back and forth from you to the client always tend to mess up in some way.
2. Cost Difference
QuickBooks Desktop Version is a one time fee.
QuickBooks Online is a monthly fee.
* Caveat: With QuickBooks Desktop, you get what you get. With QuickBooks online, it is continually updating and you will be able to utilize the newest features when they are released.
3. Data Storage
With QuickBooks Desktop, the Data is stored locally on “your” computer, which is very risky.
This is one of the major advantages of QuickBooks Online because your data is stored on a secure cloud storage that is continually backup and that can be accessed by you and your client anywhere at anytime.
4. Mac, Windows, Linux… It doesn’t matter
With QuickBooks online it doesn’t matter what Operating System you are using.
This is one is a major deal maker for me because I use all Apple Computers. It is always a bit frustrating when someone makes a product for both Windows and Mac but the Mac version has less features and functionality. Not in this case, QuickBooks Online is Operating System Agnostic and you will really like it.
5. No More Software Installation issues with QuickBooks Online
6. Free Technical Support
7. QuickBooks Online Pro Advisors
Here is a good video that Intuit made that simply explains QuickBooks Online
Don’t just take my word for it, Intuit makes both QuickBooks Online and Desktop so here’s what they have to say about it:
Rebecca A. Casarez, CPA is the founder of ProAdvisor CPA. She is an experienced CPA with a demonstrated history of working in the accounting industry assisting business owners and accounting professionals. She is a strong leader who provides bookkeeping, financial accounting, tax planning and tax preparation services to business owners and individuals alike. She is also a Co-Founder of Green Ledger CPA. “The Grass is Greener on the side you water”. Follow her @ProAdvisorCPA.