QuickBooks Cloud Hosting: An Approach Towards Belt-Tightening

QuickBooks Cloud Hosting

IT issues can eliminate your productivity, accuracy, and timeliness of accounting operations. Most of the people using accounting software like QuickBooks on their desktop, spend a considerable amount of time on solving the IT issues arising from their system and the software. In this fast-paced and highly competitive era, most of the people are looking for a way to get hands on an optimal and advanced solution for their accounting and this is where QuickBooks cloud hosting comes into the picture.

The QuickBooks cloud hosting is a flawless accounting solution through which you can manage your books, minimize manual labor, enhance your accuracy, manage your inventory, reconcile your bank accounts and do a lot of other things related to your accounts.

But instead of being an ideal accounting solution for your small business or CPA firm, the QuickBooks cloud hosting also helps you with your expenses by minimizing them to the possible limit.

No paperwork involved

The QuickBooks cloud hosting solution doesn’t involve any type of paperwork as everything is based on the cloud and you can use any device for logging into your accounting and start working on your books. This way, the hosted solution saves the money spent on huge piles of papers which is risky as well as difficult to manage.

No need of hiring accounting experts

In most of the cases, the small businesses look for an accounting expert for managing their books as they themselves are not very good at handling their accounts. But such expenses on hiring accounting experts is totally wiped out in QuickBooks cloud hosting as the user-friendly software allows even a non-accounting professional to manage his accounts on his own. The accounting tools of the software are super-easy to understand and therefore, even while not having an expertise in accounting, you will be able to manage your accounts on your own.

No need of hiring IT experts

If you are going to choose the on-premise cloud accounting solution by building an IT infrastructure in your office, then hiring of IT experts becomes a compulsion. But if you are going to choose the QuickBooks cloud hosting solution then you will save this amount spent on hiring an IT team because the cloud provider offers round the clock customer service through a dedicated team of experts. So in addition to saving expense on hiring an IT team, you will also be able to offload the workload of IT issues while focusing more on other important jobs.

Your own production software

Owning a server can become a money-guzzler option for your small business as it requires a lot of investment and managing your own server can also become a big headache for you. But with the beneficial QuickBooks cloud hosting solution, you don’t have to own a server as you are allowed to host your accounting software on the server of the hosting provider which you use. Thus, by choosing the hosted cloud accounting solution, you save a big amount of money which could have been spent on owning a server.

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If you are thinking of belt-tightening then choosing the QuickBooks cloud hosting can be the best option for your firm as it doesn’t only helps you with streamlining your business but it also allows you to save on various expenses.

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Using the Class and Location Tracking in QuickBooks

 

 

The road to being a cloud accounting beneficiary

role of cloud accounting

The world is evolving at a much faster pace than what we have witnessed in the past. The introduction of a technology and its journey of being outdated is very short these days and therefore in order to survive in this competitive and challenging world, you need to be adaptable to change.

One of the most beneficial and advantageous technologies, which is ruling the world like a boss is cloud technology. If you haven’t moved on to the cloud technology then you must consider this migration as it will enhance your working style and add value to your organization.

Although there are numerous cloud solutions available in the market, in this blog post, we will be talking specifically about one of the best cloud accounting solutions which is QuickBooks cloud hosting.

What to look for?

If you have analyzed the world moving towards technological advancement and realized that you still are way behind your competitors who are taking advantage of the technology, then it’s the right time for you to make the shift of your traditional accounting technology to QuickBooks cloud hosting solution.

In order to shift to the hosting solution, first of all, you will have to look for the changes which this cloud technology will bring into your organization so that you can be prepared for that and make your employees ready for the shift.

After that, you will have to go on for the search of the best QuickBooks hosting providers in the market so that you can make a pool of them and then choose the best one for your organization.

You can analyze the QB hosting providers on the basis of security they offer, customer service provided by them, their pricing structure and their customer review without leaving their experience.

What to expect?

QuickBooks cloud hosting solution offers a plethora of benefits and therefore in this blog post, we will be talking about only some of them.

One of the biggest advantages of the cloud accounting solution in the form of QuickBooks cloud hosting is the ability of the user to access the software from any place and during any period of time. Through this flexible accessibility, the users are able to enhance their service quality and be always available to their clients.

The QuickBooks cloud hosting solution also offers bank-level security which is very important for your financial data. Usage of encrypted files and folders in addition to the security of cloud makes your financial data ultra-safe. So with your data on the cloud, you will not have to worry about the cybercrime and data breach.

In addition to the above-mentioned benefits, you will also get round the clock customer support from your hosting provider and it comes built-in with your hosting package without any charge. So with the hosting benefits, you will not have to worry about the IT hassles which you might be wondering to face after opting for the cloud solution.

The cloud accounting solution in the form of QuickBooks cloud hosting comes with many advantages and in order to avail those advantages, you will have to make the necessary shift and adopt according to the changes brought in by your decision.

Using the Class and Location Tracking in QuickBooks

class and location tracking in QuickBooks

QuickBooks is the most versatile accounting software in the market which can be easily hosted on the cloud as well. Most of the people prefer the cloud-hosted version of the QuickBooks while others go for the desktop one.

There are many features in QuickBooks, which makes it an all in one accounting software and one such function is the class and location tracking.

The class tracking gives us the standard account-based tracking in the software. With the user-friendly option of QuickBooks for class tracking and running quickly, you won’t find a problem during the process.

The classes in a business support it with department or location by report account balance for each and every department. In order to get enhanced control over expense categorization, you use class and that’s because of the primary benefit offered by the class.

The class track feature of the QuickBooks is one of the most helpful and useful features through which you can class track your income and expenses by department, project, property, and location.

But when you mix class tracking with location tracking then it becomes a more meaningful solution.

In this blog post, we will be describing one of the simplest methods for using the class and location tracking in QuickBooks and allow you to use it for making important business decisions.

Step by Step Process of Creating Class in QuickBooks

  • First of all, load the main page of QuickBooks application.
  • After that, enable the class tracking option in your company profile.
  • Now from the Menu bar, choose your class list. In order to setup class categories for your expenses and accounts, click on the class list.
  • Then at the bottom of the page, click the arrow next to the class button.
  • For creating a new class, click on “New”
  • You should also enter the name associated with the class. If you can further break the class, then you should put a check in the box next to subclass and put the information in the text field.

Avoid These Mistakes in Class Tracking

  • Classes can be helpful for workarounds: You should focus on your main work and assign the class of each transaction. This is because you work on different items of an account and you never properly list them.
  • Balance sheet by class: In order to learn more about the balance sheet, you should always search on balance sheet by class because it gives a better and clear picture of your financial status.
  • Use class on posting transactions: Assigning task to every posting invoice. Like when you give the bill to your customer by using the invoice, then the invoice posts transaction and you assign the class for the invoice. 
  • Run a profit loss unclassified report: You should always assign the class before creating your profit and loss reports. It is one of the easiest ways of memorizing the class of profit and loss.

Using the class and location tracking can prove to be very useful for the QuickBooks users. It can save time and reduce the workload from your mind while giving you maximum results.

Want to Manage Documents with QuickBooks? Use These Apps

QuickBooks-apps-integration

Living in the 21st century means using technology in our day to day life as nowadays, technology has become a big part of our life. There are many people who are using the most advanced technology in their day to day life and they don’t have a single clue about how advanced that technology is.

The latest technology is pushing people towards more and more data and with so much of data, it has now become almost impossible to handle them on your own. Talking about the cloud technology, there is a huge amount of data stored on the cloud. And sometimes even the cloud fails to track and manage the date with 100% accuracy.

But if you are using QuickBooks, then you can be saved from the huge piles of data as QB offers many apps which makes the data tracking and management part of your life much easier, accurate and useful.

With the help of these apps, you will be able to focus more on your business rather than focusing on the organization of the data.

So, in this blog post, we will be taking a look at some of the top apps which can be used with QuickBooks in order to manage your documents.

SmartVault

When it comes to document management with QuickBooks, then SmartVault is the most famous and popular app. It is an online document management and secure file sharing app which can be easily integrated with QuickBooks. SmarVault offers you a single point of sharing, accessing and saving all types of document while integrating it with the cloud. You can perform various beneficial tasks with SmartVault like easy sharing of file with staff and clients, always accessible data, attach source file directly to transactions in QB, etc.

Neat

This advance document management software extracts the information from your receipt and other documents, and then integrates it with your QuickBooks accounting software, in order to make it simpler and advance. It has robust categorization and organization features with automated receipt and invoice capture. Other than this, it also has accurate data verification features and it makes your data available at your fingertips. You can also get benefited from the robust keyword searching option with the simplified expense report.

eFileCabinet

eFileCabinet has been specially designed for SMEs who have highly intensive paperwork with distributed workforce across different location. It covers a wide range of industries including gas, oil, retail store, healthcare, financial services, transportation and education. It easily integrates with QuickBooks and then helps businesses in maximizing their workforce through managing, storing and sharing of several types of documents. eFileCabinet is fully compatible with SEC, FINRA, NASD and HIPAA regulations.

While working with QuickBooks, you might sometimes feel that you need to enhance the document management capacity of one of the most robust accounting software and especially when your business requires lots of paper-intensive work.

In such cases, you can opt from the above-mentioned document management apps which easily integrate with QuickBooks and maximize its document management capacity.