Myths are public dreams and dreams are private myths. This saying fits perfectly with the myths regarding moving to QuickBooks hosting. Although, shifting your financial management to QuickBooks hosting requires lots of modifications in your IT department and other related functions but every change comes with challenges and if there is no challenge then the change is not for good.

QuickBooks hosting enhances the performance of your company through cost-cutting, better collaboration among team, time-saving and another bundle of benefits. It is considered as one of the most benchmarking revolutions in accounting till date but still due to some widespread myths about it, many businesses hesitate to move to QB hosting and finally end up missing the abundant of benefits provided by it.

That’s why in this article, we have mentioned some of the widespread myth regarding shifting to QuickBooks hosting .

Cloud is a costly deal

This is one of the biggest misconceptions among most of the businesses. They think that hosting software on the cloud is a very costly affair and it is suitable for big businesses only. But that’s not true at all. Cloud hosting is one of the most cost-effective ways of running your businesses and when it comes to software like QuickBooks, then it can act as one of your most economical tools. According to a research done by KPMG, 7 out of 10 respondents agreed upon cloud being a cost-effective deal for them. While opting for QB hosting, you are supposed to pay a very nominal monthly fee according to your chosen plan which can be degraded or upgraded, whenever you want.

It is less secured

This is another myth which keeps the users away from availing the benefits. Organizations do a lot to keep their data secured but considering cloud-based software to be less secured can act as an obstacle to your growth. With the emerging technology, the cloud has become an ultra-safe platform. The investment on the security of cloud has also increased a lot.

No customization

Many people think that once they have shifted to the cloud, after that they will not be able to customize it according to their need. But in actuality, the flexibility of cloud is one of its USP. The only reason why users can scale the computer resources on cloud according to their need is that of its elasticity. Further, most of the cloud-based accounting software providers use the pay as you go pricing plan which allows you to pay for what you only use.

There is only one cloud

It is one of the most dominating myths among people but it’s totally false. Many people think that public cloud is the only cloud but there are other clouds as well like hybrid and private. You can use any of these according to your need or you can use a mix of them also.

So if you want to make your financial management a fruitful part of your business then you need to debunk the above-mentioned myths.

Author's Bio: 

Jac Martin works at MyQBHost as an IT consultant, He loves to read and write an article about the accounting and Tax software like QuickBooks, ATX Tax Software, Lacerte Tax Software etc.