While accounting is a popular business field, it's one that often doesn't adapt to the latest management trends very quickly. The main reason for this is that businesses in this field have more on their plates than many other fields do - They're responsible for the accounting of the largest companies in their industries, making mistakes potentially very costly for clients. With this said however, businesses in this field are beginning to make huge gains over recent years when it comes to adapting new management trends and approaches.

Have you ever looked around yourself and realized how things have changed over the past couple of decades? Well, there are certainly many factors that have contributed to these changes all around us, but we can say with certainty that QuickBooks premier hosting technology has made the biggest impact on the accounting industry by far. Gone are the days when technological solutions were considered limited and believed to be restricted to big businesses. Today, people from all walks of life use technological solution to make their daily jobs easier and more efficient!

Technology has become an important aspect of modern accounting systems. The way accounting was conducted in the past has been completely transformed because of QuickBooks premier cloud hosting technology and one thing that we can say for sure is that all these changes are here to stay for quite some time. Let’s understand more about this technology and will also discuss the benefits and impacts it has on financial sector.

What is QuickBooks premier hosting?

QuickBooks Premier Hosting is a term used for installing licensed copies of QuickBooks Premier Software on a third party cloud hosting provider. By moving your QuickBooks Premier application onto an cloud host that allows you to access your QuickBooks through internet, you can connect to the full featured desktop version of QB Premier from anywhere and use it like you would at home while being at work or away on an assignment.

Those who are in charge of taking care of the finances for their business will tell you it's vastly different from how things used to be years ago. Traditionally, accountants would use paper and pen to take care of every aspect but today's age demands a far more sophisticated system. The modern day accountants now leverage specialized software solutions that automate most aspects of taking care of financials which has really freed up their time to do quite a few other things. Gone are the days to enter the information manually because with QuickBooks premier plus hosting, automation is slowly becoming law of the land in accounting industry.

Why Go Digital with your business?

There are many benefits to digitizing the way you do business. You can have access of your financial data in a much more comfortable and convenient way in real-time on a monthly basis. You don't have to wait until the month's end for that; instead, customers appreciate having access to all relevant details about what's owed to them and when it is due in an accessible digital format. This gives them the ability to check it whenever they want - which saves both your accounting department and their time from extra steps including lost mail or delayed delivery. It also means that everyone gets paid on time with less hassle involved!

To be an accountant in the modern era, a person needs to be 'tech-savvy'. Today, you will need to stay on top of all the technology being used in accounting, as well as making good decisions about what accounting software solutions work best for your company.

Being an accountant is different nowadays. Today, all the clients expect that a lot of our accounting processes be automated and don't have to be done manually. Therefore, in order to upgrade your certification or add more accreditation's onto your name, you should get familiar with QuickBooks premier plus hosting technology and all the ways it's being implemented in the accounting industry on your resume.

What are the benefits offered by QuickBooks premier cloud hosting technology to the accounting firms?

 Centralized accessible database:

Instead of using only a local network to access your QuickBooks Premier applications, using cloud-hosted software makes them accessible anywhere in the world. This way you won't have to worry about always being restricted to your office desk or workplace as your data is accessible to all the users from anywhere. Thus, collaboration between employees becomes a lot easier as they can work on files simultaneously, and at any time they want.

 Increased efficiency & productivity:

With QuickBooks Premier hosting on cloud, with its centralized workspace, offers you access to all your data wherever you go. This means that you can take important business decisions on the go and improves your productivity levels considerably. Studies have shown a more collaborated team is much more efficient rather than an unsynchronized team.

 Disaster management & recovery:

You need a secure storage solution for your company data so that it is backed up and is safe from loss or theft. We offer a cloud-hosted QuickBooks Premier application which ensures your data stays private and only accessible to those who should have access to this data. Quick Cloud Hosting use robust methods to keep all of your important files safe while still on site.

 Enhanced Monitoring:

QuickBooks Premier Cloud hosting simplifies your work by providing an efficient and transparent system for managing your accounts and finance data. If a particular employee needs access to specific files, you can simply define their administrative rights so that they have instant access to important information. You will also be able to monitor which employees are accessing or modifying which files and for how long so that you can manage projects accordingly and create a more trust-led environment within your business.

 Increased Flexibility:

QuickBooks hosting allows you to have your company data synced between your computer, laptop and mobile devices, so you can access it anywhere as long as you have internet access. It means you can access it from anywhere regardless of where you are in the world. This improves flexibility for business owners who travel often or employees who may be temporarily stationed in a location different from their usual office space! What’s more, it gives them easier ways to balance work with their personal life!

 Cost Savings:

Hosting your QuickBooks Premier on the cloud allows you to get rid of pricey hardware equipment. It's a great way to save money on IT because you don't have to worry about setting up and maintaining an entire infrastructure for your business, saving you money with cloud hosting that would've otherwise been spent on creating a secure infra in the first place! What's more is that by signing up with a reliable host, they'll be able to deal with any problematic issues that may come up down the road. You can focus your resources on what matters most – running your business!

 Higher Availability:

QuickBooks premier hosting providers have a dedicated team of professionals to ensure that your servers are always up and running, with redundant power, network, and server hardware you'll enjoy maximum possible uptime for the maximum possible amount of time during the year. Also, if any sort of maintenance is required, it will be handled by support staffs that are available 24/7 so long as you're a subscriber to their services on cloud.

 Managed Servers:

The hosting providers will manage and maintain the cloud server completely so you can focus on your business. They will make sure the running hardware is upgraded, the software that runs on it is updated, and any needed maintenance is performed. They will handle all software updates, upgrades and daily maintenance tasks.

Traditionally, people had no other option than installing accounting software on their desktop in order to get their jobs done. The only problem was that the desktop did not allow for much productivity and even created a hindrance as offerings were limited mainly because of the less utility of desktops. This is where cloud accounting comes into play and provides huge benefits over traditional accounting software.

Before the introduction of the cloud in accounting, people had no other choice than storing their financial data by saving it on their desktop. This method of saving data was limiting people’s productivity and even made it difficult to access certain data at a moment’s notice. That’s why many people began migrating toward cloud-based solutions that would make storing financial data more convenient and accessible.

How QuickBooks premier hosting is different from in house server? 

There are still many businesses which are hesitant to make the move to the latest cloud technology and are working with their in house server setups, let’s evaluate the differences with pros and cons of using in house server.

In house server: -

As the name suggests, an in-house server is one that is kept in your office space. As such, it's always there at hand when you need it. Having an in-house server means you don't have to worry about accessing your data from remote locations. Also, an in-house server runs on its own hardware and is located on your company’s premises. Its data are backed up frequently to avoid loss when the physical server fails. You have physical control over your data at all times.

Pros of in house server:

An in-house server can be beneficial for many reasons. First, it means that your data and your other virtual assets like cloud storage etc. is under your own roof and not being leased out to third parties This option can therefore save you money on leasing space from an external company! One thing to keep in mind is that having your own server may be overkill for small businesses with only small teams where one or two employees are managing their cloud storage themselves.

Cons of in house server:

There are drawbacks involved also with using in-house servers. These servers in particular require a substantial amount of hardware and an investment in infrastructure. You'll also need physical space to store the physical servers themselves, such as within your own closet or a more specialized server rack area. With in-house servers, you may also be more vulnerable to disaster situations so you should take extra precaution to protect your data and make sure it's backed up offsite regularly as well!

Is hosted QuickBooks premier a long term solution for accountants?

In more simple terms, an in house server does not give the remote accessibility option to the users; you have to be present at the office location physically to be able to access your data files. Whereas, with a solution like QuickBooks premier on cloud, your QuickBooks company files and data will be accessible from anywhere and at any time without any geographical restraints. That helps you to maintain a work and personal life balance as well.

Because technology has advanced and made huge strides in the accounting field, it's now possible for accountants to work more efficiently which benefits both clients as well as companies. If you're still working with an outdated system, it might be time to consider taking advantage of the technological advantage and switch over to a system that will help your bookkeeping become smoother and provide better tools - like QuickBooks on cloud.

There are new technologies out there that let accountants get even more done and help them become better at what they do - so why not use technology in your accounting practices?

Core competencies are now completely optional. Although there was a time when it was mandatory for an accountant to be skilled in financial analysis, times have changed and the client base has evolved tremendously. What is required by clients today is an increased range of service offerings, of which those accounting credentials are just one part. An accountant who has expertise when it comes to digital transformation, business growth and legislation is a much more valuable addition to the client base as opposed to someone who had no idea about anything except for numbers. In fact, many accountants today are willing to work with businesses that require major changes; otherwise they will fall behind in this rapidly developing world.