If your employees are located in different cities or your business and accountant are in different cities, then it may come in handy. However, there are some limitations in the on-line version compared to the desktop version.
When viewing the checkbook register, you can only see one page of transactions and can’t scroll up or down. Instead you have to enter a new date for a new page of transactions to view.
Monthly fee: If your business hasn’t changed much in several years, you could get by without upgrading to the new version of Quickbooks every year if using the desktop version. The online version requires a continuing monthly fee.
Multiple businesses: If you operate multiple businesses, you have to pay for multiple on-line subscriptions. The desktop version allows you to set up unlimited numbers of companies for the price of the software. This does not include the separately licensed payroll which is company-specific.
Memorized reports: The custom reports are user specific. If you add a user, the new user has to re-create the report.
If you are interested in switching to Quickbooks online and have questions, or have already switched and need a little help, talk to a Quickbooks professional in our office. As Quickbooks partners we are here to help your business succeed.
By: Tina Powell, CPA