If there’s one tool that all businesses need, regardless of industry, it’s accounting software. Keeping good books is a fundamental aspect of smart business operations. But it can be challenging for many businesses to know which software to use, let alone find an accounting solution that’s always accessible and packed with important features.
Managed service providers (MSPs) can offer even more value to their clients by providing comprehensive, robust accounting software. An obvious option is QuickBooks, which is arguably the best cloud-based accounting solution in the industry.
Why customers love QuickBooks in the cloud
When it comes to accounting software, no application is more thorough and useful than QuickBooks Online. Customers love this software, especially when it’s accessible from virtually anyway via the cloud. There are lots of reasons for this.
Business continuity and disaster recovery
For one, QuickBooks Online allows businesses to practice better continuity and disaster recovery. No business can be 100% protected from crashes ↗ or cyberattacks. But with QuickBooks in the cloud, businesses can rest assured that their vital accounting data—as well as customers’ personal or financial information—will be kept safe and secure. The data will also be easily retrievable as their websites come back online.
Business continuity is crucial for maintaining customer trust and rebuilding operations after a server crash. For MSPs, offering QuickBooks to customers can accomplish both of these objectives and more.
QuickBooks Online further offers increased data security to your customers and clients. Simply put, MSPs can offer better business security to clients by using cloud-based applications, which are protected by regularly updated security measures like firewalls and malware detectors. Their systems are also regularly updated, preventing old security vulnerabilities from compromising business records or customer information.
Of course, the primary benefit of any cloud application is accessibility. With QuickBooks in the cloud, you can provide your clients with real-world value; they’ll be able to access their business books anywhere in the world so long as they have an internet connection.
This enables them to check their finances on the go, plus do accounting work away from the office. On-demand accessibility is one of the hallmarks of QuickBooks Online, and it’s a major benefit you can provide your clients when you start hosting this accounting software through your managed services business.
Lastly, QuickBooks Online provides greater cost-effectiveness to clients and customers. In some cases, tax savings alone more than covers the cost of QuickBooks itself. It also saves business owners massively in terms of time. Seen in this light, it’s clear that your MSP could become more competitive and show clients real value by hosting QuickBooks Online.
Why is QuickBooks the go-to choice?
There are lots of different accounting solutions to choose from. But once you host QuickBooks in the cloud, you’ll find that your customers choose it again and again for three main benefits.
For one, QuickBooks offers modernized accounting tools well worth the cost of the software or an entire managed services package. Businesses can save hundreds, if not thousands, of hours through QuickBooks’s modernized and intuitive interface.
QuickBooks Online provides all major and expected tools, such as:
- Access to business insights and analytics on the go
- Customized accounting access by employee role
- Batch invoices and expenses
- Track time, profitability, and inventory
- Automate workflows
- Manage and pay bills, etc.
With all of these tools at your clients’ fingertips, they won’t want to use any other accounting tool in the future. Even better, QuickBooks Online’s tools and features are constantly being updated. If you host QuickBooks as an MSP, you’ll be able to provide your customers with the most up-to-date, advanced version of this accounting solution as soon as it is available.
QuickBooks Online is also advantageous because it’s so easy to use. It’s a hassle-free, organized accounting application that anyone can work with after a short tutorial.
Features such as one-click sales and tax reporting and the ability to work from a PC, smartphone, or tablet set QuickBooks Online apart from the competition. You don’t have to have specialized accounting experience or certifications to use QuickBooks to its maximum effect. This can be a big selling point for MSPs, pointing out that business owners who don’t have the time to take a class in accounting can still keep accurate book. Alternatively, they can divvy out responsibilities for accounting between themselves and other responsibilities but keep an eye on things with administrative privileges.
As noted above, QuickBooks Online offers a variety of reporting features. One-click tax reporting, for example, makes reporting deductions or expenses much easier for your client businesses. But this versatile tool also allows your clients to:
- Check profits and losses with a single click by generating a distinct report
- Generate a balance sheet to get a bird’s eye view of their business in moments
- Produce dozens of other reports depending on accounting needs or analytics requirements
QuickBooks’s comprehensive reporting features make it a one-stop accounting solution ideal for any business environment. It’s also in-depth enough to be of excellent use to experienced accountants or professionals.
Read to host QuickBooks? Work with an expert partner
Providing your clients real-world value is key to your success as an MSP. Sherweb is an award-winning cloud provider that’s helped businesses just like yours succeed by connecting MSPs to the right tools for their clients. Take advantage of our cloud marketplace, host QuickBooks for clients and grow your cloud business in no time!