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1.QuickBooks is efficient tool for operating accounting and financial management of an organization. With this application hosting companies reduce their burden of bookkeeping and manually restoring the files. The software solution offers automatic updates of business modules which manages the core system itself. It eliminates the need of accountants to create profit and loss report, invoicing, payments, updating financial updates. Entire financial actions is managed by the software therefore increases efficiency of business and eliminates the errors. It’s multi-functional software delivering multi user access on each module. Each accounting module has different functions like payments is for accounts receivable and accounts payable, invoicing for generating billing to clients. Before inception of cloud services QuickBooks was hosted on desktop computers on premise corporations. It was evolving as a most demanding during the beginning as there wasn’t enough development in software technology. Today with the cloud computing technology business are hosted on cloud servers which is a service offers by hosting companies who manage accounting tasks online for their clients.2.Choosing the right QuickBooks software for own company is the sole preference of customers. Realizing the benefits that QuickBooks in the cloud offering is for fast success and better management for the organization. In-house legacy desktop has its benefits though there are certain limitations too. The business is complete control of the owner with desktop version as the data is safely operated to keep them at designated drives. Users know better about the company trades and can control each activity. Cost for the in-house desktop application management is more for maintaining the infrastructure setup to run. Hardware and software management along with application processing is managed by the owners. It raises the cost to the company and saves little less on profit margins. Small organizations may continue with these services as it’s not feasible for them to move business on a new place. Moving to cloud services is a risky affair although it’s just a misconception among the customers. QuickBooks in the cloud is offered by hosting service providers who are experienced companies specializing in cloud job.3.QuickBooks in the cloud is running from cloud servers which hosting the application online. A company can be any size and can get these services hosted to achieve better business operation. Startup firms get this solution to establish them as established traders in the industry. Today cloud QuickBooks offers many options to choose as a business solution. Moreover customization is also an option to select. Customized QuickBooks is for such companies who have limited business needs and do not need the entire accounting solution. Subscription for customized solution is calculated on the services offered. QuickBooks is integrated business system allowing applications to integrate with any others files as well. An excel data sheet can collaborate on QuickBooks applications and allows editing, sharing and restoring of the data. This accounting software is not only accessed by users or accounting professionals on premise but can tracked anytime, anywhere by genuine users. It’s a secure software allows login access like a bank level security.Author : Robert BoonSource : Robert Boon (www.articlestars.com)