There are various different ways in which QB hosting helps you to save money.
Less staff requirement
Every business needs a group of IT staffs for setting up in-house server, managing breakdowns, updating software, making connections to individual computers and there is a cost involved for staffing such IT teams. But with the shift to Quickbooks hosting, the need of IT staffs is completely eliminated. All the functions of IT staffs are carried by the third party service provider at no extra cost.
No need of hiring expert accountants
For using Quickbooks, you don’t need to be an expert in accounting. This is because using it is very easy to use and all the functions of accounting can be easily performed in it. For example, Taxation reports can be easily fetched through report options and can be used for taxation purpose. That’s why you can save the cost of excessive hiring for the same amount of work which can be performed by a single accountant with very basic knowledge of accounting.
No need of your own server
Most of the small and medium-sized businesses have budget constraints and owning a server in such case can prove to be a big financial burden because it costs a hefty amount of money. But with QB hosting, you can save this money as all the equipment required for cloud hosting is held by the service provider. The user only needs to access QB through his remote server by using the compatible device which supports internet.
Collaboration of data at single place
Most of the businesses use different storage and back up devices for storing data at different locations but by using Quickbooks, the cost on these storage and backup devices is saved as the service provider saves data at multiple locations, so that the in the case of an emergency, the data can be recovered.
The users also save money on the long piles of papers used for the accounting purpose and it also makes you a part of Gogreen initiative.
So, in addition to effectiveness, smooth accounting and anywhere, anytime accessibility, QB hosting can help SMEs to avoid deep holes in their pocket and this could prove to be a great contributor towards the growth of the company.
In reply to @Anonymous's question - "Based on your list, what do you think is the biggest advantage of QB hosting?"
In my humble opinion, it would be, ease of use. Yes it is more expensive to do it this way but in reality, you are paying for someone else to maintain, update, upgrade, provide support on QuickBooks and oh yeah, provide servers and resources to make sure the product is running optimally on its own server and not shared with anyone else. A customer is paying for convenience but is also getting a dedicated team and physical resources plus the support of QuickBooks. See you in the clouds.
Apart from the beneficial points mentioned on the post, Hosting services for the application also helping businesses to be more flexible and efficient on their workflow, and as the all IT and technical support take care by the service provider, so its make easy and cost effective for the business owner to manage their business activity.
The points mentioned above will surely save money, but apart from these points Hosting QuickBooks on cloud give you an option to 'pay as you go.' You can upscale or downscale the hosting requirements depending on the business demands and pay accordingly. Moreover, you will not have to deploy on-premises business continuity measures because the hosting provider will make sure that in case of any natural or human-instigated disaster, all your data and application is safe.