Exploring the Differences Between QuickBooks Online and QuickBooks Desktop
There’s no doubt that QuickBooks is one of the most useful software for businesses in terms of finance management. When it comes to the selection of accounting applications, people get confused between QuickBooks Online vs QuickBooks Desktop. These are two important versions of QuickBooks. Are you confused about which one would be good for your business’s accounting needs? If yes then we have compiled this blog for you where you can see all the features and benefits of these versions. With the help of this blog, you can make your selection of QuickBooks version easier.
What is -QuickBooks Online and QuickBooks Desktop?
QuickBooks’s version online and desktop help in managing the business finances. But, many times, people are notified to upgrade and get the Online version, Both of them have numerous features and benefits that make people use them for financial operations.
The online version of QuickBooks is mainly a cloud-based application that can be used from anywhere anytime. Also, it comes with monthly subscriptions. On the other hand, you get QuickBooks Desktop which is locally installed so you will not get the option of mobility feature. In addition to this, you will have to choose one-time purchases with the desktop version.
The main function of financial and accounting management is the same in both versions. But, there are differences in terms of features that you get by installing them.
QuickBooks Online In Terms Of Features
Automatic Updates
There are numerous features of QuickBooks Online and one of them is its ability to automatically upgrade and update. You don’t have to manually update software. So, there will be no nay worry of software crashing and wastage of time. This version of QuickBooks will update itself. This means that you will have always have an updated financial software with security features.
Strict data security
Another important feature of this version is enhanced data security. You must be thinking why choose the Online version? If you are using this version, you don’t have to be worried about security. Because of these features, data of the businesses will be safe and secure. Also, it creates backup automatically so that you don’t lose them in case of a cyberattack,
Ease of accessibility
With the online version of QuickBooks, you can keep working anytime and anywhere. Whether you’re in your home, office, or on the go, you can use QuickBooks from anywhere. It is easy to manage your business’s finances and accounts anytime using this version. So, all that you require for operating this version is a strong connection to the internet.
Multiple User Access
The QuickBooks Online comes with one vital feature of multiple access. At the same time, your all employees can access the online version of QuickBooks. There will be no restriction on the accessibility of QuickBooks in terms of multiple users. your entire team of employees can access the same data without any hassle. So, this helps to ensure efficient collaboration among the employees.
QuickBooks Desktop In Terms Of Features
In the above section, we discussed the features of the Online version. Now, let’s have a look at the features of the Desktop version.
Excellent functionality
QuickBooks Desktop is somewhat higher than the online version in terms of features. With this, you’ll get bundles of features among which robust functionality is the main one. By installing this QuickBooks, you get benefits in several business financial operations. These include detailed inventory management, job costing, and accounting. Also, there are many specialized tools that you can use.
Regular Reporting
This version of QuickBooks helps in checking regular reports for your finances and accounts. Also, you will get in-depth analytics and reports so that you can make necessary changes in the operations.
Customized as per your business
Customized financial service is one crucial feature that makes most businesses choose QuickBooks Desktop. You will get industry-specific versions with the help of this desktop version. Whether you are from manufacturing or retail, you can use this version as per your business nature.
Data Security
Just like the online version, the QuickBooks Desktop version is also completely secure. The organization’s sensitive financial data will be secure in this software. With the help of this application, organizations will be able to add an extra layer of security. This security feature of this QuickBooks version has enhanced its demand among organizations.
Which QuickBooks version is good for me?
It is obvious to get confused while choosing between the online and desktop versions of QuickBooks. But, you can get the right suggestion and answer by knowing the features, advantages, and other details of these versions.
· Business’s financial requirements
If you are confused about which QuickBooks to choose then understand your business financial needs. Along with this, you also have to consider the size and nature of your business. Small businesses, startups, and entrepreneurs can choose the online version because of its simple use and impact. The bigger organizations can opt the desktop software due to its expansive features.
· Your budget for the software
You can also look at the cost of each of the versions to make your decision clear. However, you must not only look at the initial purchase but lifetime features. The features and benefits of the QuickBooks software will let you know whether it is worth it or not. In addition to this, compare the monthly and on-time purchase costs of both these versions.
· Mobility requirements
As a business person, you must know your business’s financial and account needs. If you want to operate QuickBooks on the go then you can choose the online QuickBooks. If you like to work even on your holiday then the right option would be the online one.
