Quickbooks Online versus Quickbooks Desktop
Intuit market leaders in accounting software was generating most of its sales through selling their desktop version which used to cost the users several hundred dollars to do their accounting however with the emerging cloud based accounting application Intuit has moved on to cloud based alternative which is on Subscription based model where in user have to pay monthly fee to use the accounting software small businesses have to pay a nominal amount of $10 to $25 a month as compared to several hundred dollars which they had to pay to use QuickBooks desktop versions.
Why QB Desktop User Switching to QBO ?
QuickBooks online user base has grown from around half a million subscriber in 2014 when it launched to 1.25 Million as per the latest report published in last quarter in 2016. There has been a considerable growth in QuickBooks online still we see QuickBooks desktop users in Millions it may be because small businesses are more comfortable using the old platform which I am sure will change in the coming years with the rise in QuickBooks Online and Intuit pushing hard to get the users to desktop version.
Here are some of the Key comparisons between QuickBooks Online v/s QuickBooks Desktop
1. Online Back Up service: In QuickBooks desktop version if you have to protect your data and save the work which you have done you should definitely go for QuickBooks online as it takes the backup automatically.
2. Software Installation: You have to install the software in case of desktop version in QuickBooks online you can Login online on Quickbooks portal and manage your accounting.
3. Multiple Platforms: You can login on multiple platforms using your credentials on Quickbooks online whether it is MAC or windows whereas in desktop version you can only login through your installed application.
4. Cost :QuickBooks online is available for a minimum cost of $15 and above where as in QuickBooks desktop you have to shell out more $299 and above depending on what kind of software version you are using.