Quickbooks online vs Quickbooks desktop
QuickBooks Online vs. Desktop – You may wonder what these two software’s are and why there are two names? Don’t fret too much. Let us help you.
Quickbooks Online and Quickbooks Desktop are the products of the same softwares
Quickbooks desktop is accounting software which has been installed into your business desktop system and you manage everything from there. It is a one-time purchase software I.e. you buy it by making a one-time payment.
Whereas, Quickbooks Online works on cloud, which means you have to option to access your data from anywhere and through any device. It’s their subscription-based product. Therefore, you have to renew it from time to time.
But how exactly both the software’s are different? Let us have a quick feature comparison of features of both to understand better:
| Â | Quickbooks Online | Quickbooks Desktop |
| Faster | Without any about, Quickbooks online is faster, since you can upload and access your data from anywhere. | This desktop version will only be available on the system it has been installed into. So, you can only upload the data during the working hours of business. |
| Pricing | You can buy it for monthly subscription of $9/ per months for your small business. | You have to make a one-time payment of $499.95 to purchase the desktop version. |
| Feature | It provides various essential features like cloud accounting, invoicing, accounting reports, inventory management, cash flow management etc. | Although Quickbooks desktop provides similar features to Online, it does not offer cloud accounting. |
| Class-tracking | Quickbooks online has a world-class feature of time and expense tracking for both employees as well as clients. | Its helps you track your expenses and bank transactions and reconcile them, so you never have to miss a single transaction. |
Is Quickbooks Desktop More Feature-Rich?
It may become a matter of confusion for small businesses on whether to go for Online version or desktop version. But the decision is to be made on the features available on both the versions and the requirements of your business.
Since both are the different versions of the same software, they do have similar features. The only major difference that Online and Desktop version has is that of ‘cloud accounting’. But can overcome this demerit with cloud hosting opting. Hence, it is not really an issue.
Various Plans Available In Qb Online
Quickbooks Online provides various plans with different price ranges. These plans come with many features that you can choose according to your needs.
For small businesses, QB online serves a package @ Rs. 667/month, that includes the following services:
- Tracking
- Invoicing and quoting
- Bank reconciliation
- Data import from excel spreadsheets
- Budgeting
- Mobile applications
It also has a separate package for an accountant with the same price range of Rs. 667/months, that includes the following services:
- GST complaint and invoices
- Cash flow management
- Real-time document exchange
- Bank reconciliation
- Remote access to client’s data
Cost Of Hosting QB
You can purchase Quickbooks hosting services at the rate of $40/month for a single user. This cost covers all the cost and you need not pay anything more than that.
If You Have Multiple Files, Which One Is Good Cost-Wise?
If you have multiple files, you need to manage it very efficiently, else it may create confusion. For that matter, Quickbooks Online will be more beneficial. it provides ‘cloud accounting’ option that will help you upload, manage and access data from anywhere and any time, through apps. It will be also helpful to share the data among employees and teams from different departments.
Which Hosting Services To Be Used?
Web hosting servers let you create cyberspace so that you can host your website of a server. This will help your website be available on the World Wide Web and people can access it through there.
Choosing a proper service provider for hosting of your website is very essential since it ensures your data safety on the server. One of the best hosting service providers, that help you create your web presence are:
Right Networks: Right Networks provide cloud services to SMEs and accounting businesses. Therefore, it overcomes the primary shortfall of Quickbooks desktop. Right Networks, when synced with Quickbooks, automatically uploads the data on cloud any time and anywhere.
This makes it easy for the users to access their data and save up time that would have rather spend on integration.
Splashtop: Splashtop is remote software that let its users control their softwares from distance. This means you will be able to access Quickbooks desktop even if you are not sitting on your system and even not going to your office.
To overcome the main demerit of the desktop version, you can opt for any of the software to remote access your data. However, if your business is divided into various departments and teams, Right Networks will be a better option, since people can easily upload and access data from their own departments and need not to move.
But, if you are a team of limited personnel, Splashtop can work for you. Its remote access features enable the people who have a login ID to access the software from distance.
