![]() ![]() Learn more about Alloy Silverstein’s Client Advisory Services and Cloud Accounting Solutions at in front of a huge crowd can be nerve-wracking, but proper preparation can help take the edge away. Have you outgrown outdated? Find out in our Cloud Accounting Checklist: Have more questions about cloud accounting solutions or would like to see a demo? Contact an Alloy Silverstein advisor today. Journal entries, invoicing & billing, banking, payment processing, fully modifiable chart of accounts, expense tracking, fixed asset management, depreciation, contact management, inventory reports, budgeting, tracking categories, sales tax, multi-currency, accounts payable. Perform regular maintenance on any servers. Protect your local machine and the software login credentials. Ability to set and change user permissions. If there is a software update or bug to fix, you have to purchase a new version to install. Updates annually or when a migration is forced. You are always using the most current version. If there is a software update, tax change, or bug to fix, your software is automatically updated across all platforms. Transactions are manually processed.Ĭan be as frequent as every 3-6 weeks. Most bank feeds sync automatically and reconciliation is a breeze thanks to smart suggestions and matching. Go ahead and streamline those workflows! Automation is supported (and encouraged) with 450+ apps. Then A) securely upload to a portal or B) print/save to a flash drive and mail or deliver to your accountant’s office. Export the data for the desired time frame and save to your computer. ![]() Sharing can be a manual and timely process. All of your information, questions, historical data, goals, and trends can be regularly discussed over the phone or a video conference. Your CPA can login to their own account and see the same real-time data. When is the last time you backed up your data or machine? If your servers do not conduct regular backups, data could be lost or unrecoverable in event your dedicated QuickBooks computer breaks down, is stolen, or accidentally destroyed. If your computer breaks down, is stolen, or accidentally destroyed, you can log on using another device and rest assured that your data will still be there.īackups are manual. Depending on your business type, you may be able to purchase an industry-specific version of QuickBooks.ĭata is backed up 24/7 by secure, state-of-the-art, off-site systems. Software is cookie-cutter with rare third-party app integrations. There are specific apps geared towards non-profits, law firms, construction, retail, agribusiness, restaurants, and more)īuilt-in ability to create custom reports/forms. Not conducive to remote work environments.Ĥ50+ third-party apps to build custom tech-stacks based on your needs, industry, business type, and/or processes. That licensed machine with you everywhere you go. Allows team to work remotely if needed.Ī license is purchased per computer, so it can be considered accessible, but only if you want to bring Log on to a supported browser on any PC, laptop, tablet, smartphone, or use the dedicated iPhone or Android apps. Renewed each year or when upgrade is required.Īll you need is an internet connection. Monthly subscription or bundled with accounting fees.įlat fee up front. Tasks Made Easier in Both Cloud and Desktop Accounting Programs From accounts payable, billing and invoicing, bank reconciliations, to better managing inventory, expenses, and sales tax, following are helpful features found in both software alternatives: Last but not least, the ability to customize your accounting software is HUGE! No two businesses are alike, so why should so many businesses share the same straight-out-of-the-box software? Once you start learning how to automate, streamline, and optimize your business based on your unique mix of apps (out of an available 450+), you’ll wonder why you didn’t upgrade sooner.ĭespite their differences, both types of accounting software will help you handle tasks that are important to running your business smoothly. In addition, if you are a business owner always on the go, being able to always have a pulse on your business performance, cash flow, and tasks can be invaluable. Even if being remote isn’t a fit for your business, there are serious security concerns that are causing desktop software users to make the leap to cloud accounting. Infographic: Cloud Accounting vs Desktop SoftwareĬloud accounting technology is an asset for workplaces that prioritize flexibility and promote a remote work environment. ![]() Cloud Accounting and Business Processes. ![]()
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