Online Quickbooks and Desktop Quickbooks are two different versions of the popular accounting software developed by Intuit. While both versions offer similar features, there are some key differences between them that may make one more suitable for your business needs than the other. In this article, we will explore the differences between Online Quickbooks and Desktop Quickbooks to help you decide which version is right for you.
Cost Comparison: Online Quickbooks vs Desktop
When it comes to managing finances for a business, Quickbooks is one of the most popular software options available. However, there are two different versions of Quickbooks: online and desktop. Each version has its own advantages and disadvantages, but one of the biggest factors that businesses consider when choosing between the two is cost.
Online Quickbooks is a cloud-based software that allows users to access their financial data from anywhere with an internet connection. This means that businesses can manage their finances on-the-go, without being tied to a specific computer or location. Online Quickbooks also offers automatic backups and updates, so businesses don’t have to worry about losing their data or manually updating their software.
However, these conveniences come at a cost. Online Quickbooks requires a monthly subscription fee, which can add up over time. The cost of the subscription varies depending on the plan chosen, but businesses can expect to pay anywhere from $25 to $150 per month. Additionally, some features that are included in the desktop version of Quickbooks may require an additional fee in the online version.
On the other hand, desktop Quickbooks is a software that is installed directly onto a computer. This means that businesses don’t have to worry about paying a monthly subscription fee, as they only need to purchase the software once. Desktop Quickbooks also offers more advanced features than the online version, such as inventory tracking and job costing.
However, desktop Quickbooks does have its drawbacks. Businesses are limited to accessing their financial data on the computer that the software is installed on, which can be inconvenient for those who need to manage their finances on-the-go. Additionally, desktop Quickbooks requires manual backups and updates, which can be time-consuming and potentially risky if not done properly.
When comparing the cost of online Quickbooks vs desktop, it’s important to consider the long-term expenses. While online Quickbooks may seem more expensive due to the monthly subscription fee, it may actually be more cost-effective in the long run. This is because businesses don’t have to worry about purchasing new versions of the software or paying for updates, as these are included in the subscription fee.
Additionally, online Quickbooks can save businesses money by reducing the need for IT support. Since the software is cloud-based, businesses don’t have to worry about maintaining their own servers or dealing with technical issues related to the software. This can save businesses both time and money in the long run.
Ultimately, the decision between online Quickbooks vs desktop comes down to the specific needs and preferences of each business. While online Quickbooks may be more convenient and cost-effective for some, others may prefer the advanced features and one-time cost of desktop Quickbooks. It’s important for businesses to carefully consider their options and choose the software that best fits their unique needs and budget.