Busting Top Myths about Moving to QuickBooks Online – MMC Convert
QuickBooks continues to grow as one of the most trusted accounting software globally. However, the debate whether moving to QuickBooks Online (QBO) is a good decision or not too seems to be never-ending. The main reason for this is the number of myths surrounding QBO, arising out of ignorance and lack of knowledge. Learn what these common myths are and the real truth behind them. QBO Proves to Be Expensive The monthly subscription for different QBO versions costs between $20 for Simple Start to $70 for Plus. On the other hand, one-time QuickBooks Desktop costs for various versions range between $299.95 for Pro to $1155 for Enterprise. However, there are hidden costs in the Desktop versions, including: ● ●
Upgrading to newer versions in the future Hiring technical support
Also, with QuickBooks Online, you get the additional advantages of multi-user access, remote access and multi-device access. In long term use, QBO proves to be much more cost-effective. QBO Requires Technical Know-how QBO is extremely user-friendly and simple to use that even the first-time user can easily adapt to its functioning. You would require absolutely no technical expertise to work on QuickBooks Online. Also, the online community and technical support is available all the time to support the businesses using QBO. QBO Lacks Security The reality is that QuickBooks Online is an extremely safe accounting platform with all major technologies deployed to keep a check on data security. These include: ● ● ● ●
Physical and electronic protection against viruses and intrusions Firewall protection to avoid unauthorized accesses Non-stop auditing of every access made to QBO Automatic data backup every single day
QBO Lack Features On the contrary, QuickBooks Online offers many features that its Desktop version lacks: ● ● ● ● ●
Customizable customer labels Customizable banking rules with respect to dollar value, percentage etc. Multiple budget creation and management every fiscal year Location based tracking Use of multiple devices, including desktops, tablets and mobiles to attach documents, signatures etc.
Also, QBO can be further customized by integrating an unlimited number of third-party apps for better accounting. There are hundreds of these applications that are known to enhance the software’s overall functionality. Moving to QuickBooks Online is a great decision, provided you choose an expert like MMC Convert for the process. From accurately transferring the valuable and voluminous data without any loss to round-the-clock support to deal with possible hurdles, we help our clients to empower their business accounting with all great benefits of QuickBooks Online.