Are you planning to shift to hosted QuickBooks? Then use these tips

According to the research done by Forbes, it has been found that almost 83% of the enterprise workload will move to the cloud by 2020. This number is not surprising as the popularity and usage of the cloud has increased enormously during the last decade as the myths surround this fruitful technology are vanishing and people are getting familiar with its benefits and usage.

Apart from the various methods of using the cloud in your business, the cloud accounting solution such as hosted QuickBooks has also become an integral part of many businesses. People are able to choose the state of the art technology without putting much effort and money and that’s why it has become the no.1 choice among both professionals and newbies.

But if you are planning to shift from your limited and dull traditional accounting solution to the hosted QuickBooks solution, then you need to move forward step by step and that’s why to dispel your worries, we have come out with an ideal process of shifting to the robust and useful hosted QuickBooks solution.

Analyze the changes and your needs

The first step while moving to the hosted QuickBooks solution is to analyze the changes will which happen in your organization after the introduction of the cloud accounting solution. If you need to make the process of the shift to cloud smooth, then you need to be prepared for the challenges and have the capability to grow on its benefits. Your employees will also have to go through a phase of transformation which will not take much more time, but being prepared for the change will help you to utilize the solution better. You will also need to identify what you actually need from the cloud solution, whether it is cost cutting or better productivity. With better and clear goals, you will move forward seamlessly.

Search the market

After that, you will need to search the market for the best QuickBooks hosting provider as your cloud experience will depend a lot on the type of cloud provider you choose. The major things to keep in mind while choosing a hosted QuickBooks provider are security, price, experience, review, and range of services. If you will be able to choose a good QuickBooks hosting provider, then you will be able to skip all the efforts and still be more productive with your cloud solution as a good QB hosting provider takes care of a major portion of your cloud needs.

Know the features

Although the cloud accounting solution like hosted QuickBooks is not rocket science, still you will need to understand the basic features of the cloud accounting solution so that you can take benefit from it. Basic functions like multi-user access, anywhere, anytime accessibility, encrypted data, multi-factor authentication should be known to you and your employees using the cloud solution as well.

The hosted QuickBooks solution is a blessing for every business and accountant, but you need to make the right move while shifting to the cloud. Follow the steps mentioned in this blog post and get benefited from the hosted QuickBooks solution in the way you want.

Use these add-ons for these purposes in hosted QuickBooks

Working with the hosted QuickBooks solution means capitalizing on numerous benefits, but as you move further towards the growth of your firm, there are some accounting needs which can’t be fulfilled by the hosted QB solution alone. In such situations, the very useful add-on comes to your rescue.

Add-ons are a very common thing for all the people who are dealing with different kinds of software as most of the software comes with some add-ons and the Hosted QuickBooks solution is no exception to it.

There is no doubt in the performance and the feature of the hosted QuickBooks solution, but everything has some limits and the same thing goes for the QB accounting solution. There are some specific needs of a particular firm which can be accomplished only through add-ons and in this blog post, we are going to discuss some of the important functions of a firm and the add-ons which you should be using for that business function.

Seamless Payment

Payment is a very crucial part of any business and with the world moving toward digitization, the methods of payment have also evolved. If you are dealing with multiple clients and suppliers then you should make sure that you are giving them multiple payment options so that neither they nor you will have to face any difficulty in the payment procedure.

You can use the popular Bill.com for making the payment easy and seamless in your firm. This useful add-on allows you to receive payment through credit card, debit card, PayPal and ACH.

Easy Inventory management

All the businesses who have to manage inventory should be very much concerned about their inventory management because it will play a vital role in their productivity. Doesn’t matter whether you have to manage small inventory or big, your way of managing it should be very precise and well planned.

The ACCTivate is a simple and versatile inventory management software which can be easily integrated with the hosted QuickBooks solution. With the help of ACCtivate add-on, you can have real-time collaboration with different users, project tracking, instant changes visibility and much more.

Employee management and tracking

Whether you are a big company or just entering into the world of business, you should always have a good business solution for tracking your employees. With better tracking system for employees and with better control over their time, you will surely be able to more productive and deliver better results.

The Tsheets is such add-on which can help your business to move forward with employees tracking easily. Now this fruitful add-on has been bought by Intuit itself, but its functions and performance remains the same. You can easily use this add-on for time tracking and for other accounting operations such as payroll management, job costing, etc.

These add-ons for the hosted QuickBooks can add up to your level of productivity and they can be easily integrated with the hosted QuickBooks solution. You can integrate as many add-ons as you want on your QB solution, but you should be very choosy when it comes to integrating the add-ons.