QuickBooks Online vs Desktop: Which Is Beneficial for You in 2023?

In the contest between QuickBooks Online and Desktop, QuickBooks Online is the more versatile option that can accommodate a more significant number of small businesses requirements. With two similar software solutions, it is best to concentrate on the most important differences between QuickBooks Online and QuickBooks Desktop for potential adopters.

A head-to-head comparison of QuickBooks Online and Desktop is as follows:

Pricing: The monthly cost of QuickBooks Online is somewhere around $30, while the annual cost of QuickBooks Desktop is around $549.

Integrations: There are more than 650 integrations available in QuickBooks Online, whereas only 250 are available in QuickBooks Desktop.

Hosting: QuickBooks Online is cloud-based and accessible from anywhere with an internet browser. QuickBooks Desktop is installed locally, but it can be hosted on your own for an additional fee to provide more access points.

Industry-Specificity: While QuickBooks dedicated server has seven versions for each industry, QuickBooks Online is flexible enough to meet the needs of businesses in multiple industries thanks to its numerous integrations.

Software Lifespan: Older versions of desktop software are retired by Intuit. The most recent version of QuickBooks Desktop 2020 is being retired, and it will no longer support core add-on functions like payroll, credit card processing, support, and other features. QuickBooks Online is not concerned about this.

QuickBooks Online is a more appealing option for owners of small businesses with limited financial resources looking for an adaptable software solution.

The primary distinction between the two is that QuickBooks Online is cloud-based accounting software and QuickBooks Desktop is locally installed.

QuickBooks Desktop offers more advanced accounting and reporting features and optional industry-specific QuickBooks versions for certain types of businesses (construction, nonprofits, manufacturing, etc.). In contrast, QuickBooks Online is much more straightforward and has many more integrations and time-saving invoicing automation.

 

The main similarities and differences between QuickBooks Online and Desktop are summarized below.

Robust accounting features include hundreds of integrations, invoicing, expense tracking, contact management, inventory tracking, project management, budgeting, reporting, tax support, payroll add-ons, mobile apps, and Mac compatibility. Only QuickBooks Online offers a fully cloud-based format, 600 additional integrations, high-quality invoice designs, auto-schedule invoices, and invoicing in multiple languages. Only QuickBooks Desktop offers locally installed format, sales orders, and 50 additional reports. If you only have one user and want software with advanced features that is locally installed, QuickBooks Pro is probably the better choice. However, the additional costs associated with QuickBooks Desktop quickly add up, particularly if you have multiple users.

Pricing for QuickBooks Online: QuickBooks Online is a better option if you have multiple users and use live bank feeds. Small businesses that cannot afford yearly subscriptions also benefit more from the monthly pricing model.

You can host QuickBooks Desktop in the cloud with Verito and access it from any device you choose. With our scalable hosting solutions, you only pay for what you use and can quickly scale up or down your server to meet your requirements. While concentrating on your core business, delegate the guesswork to our experts.

Our cloud servers keep your QuickBooks applications and data safe. We have the highest security standards in the industry: a multi-tier, geographically dispersed data centre, 256-bit data encryption, and continuous network monitoring for maximum security. To meet the most stringent data security requirements of our customers, we have partnered with data centres that are HIPAA and SSAE-16 certified.

You could violate data compliance laws if you lose essential accounting data through an accident, a natural disaster, or a hack. Thanks to the automated daily backups included in our QuickBooks hosting solution, your data will always be safe. We provide our customers with a free rolling backup for thirty days.

With Verito's QuickBooks hosting, you can get all of the desktop version's features with better accessibility and performance. You can still access QuickBooks from any device, but keep the familiar interface.

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