![]() However, during QuickBooks hosting, your CSP empowers you to protect your data with their credible disaster recovery plans safely. This way, an accident as simple as a water spill can easily damage their local devices and result in permanent loss of data. However, most accounting firms still rely on traditional data storage methods that are inadequate and prone to risk. It allows them to estimate a business’s financial health accurately, gain valuable operational insights, and help their customers make better financial decisions. They used data analytics and predictive technologies to stock up their inventories, a move that brought them huge profits.Īccountants, too, employ data analysis for various purposes. The example of Walmart in 2004 can highlight its importance. ![]() Disaster recoveryĭata as of today is often regarded as digital gold. Also, any activity within the hosted solution leaves a digital footprint that can be then easily traced back, if necessary. It has much better physical security than a local desktop setup, as most reputed CSPs even deploy armed guards for data center surveillance with constant CCTV coverage. These include AI monitoring systems, the latest IDPS software, multi-factor authentication, and more. Unlike a traditional desktop environment, which has only conventional measures like firewalls, anti-malware, and antivirus, QuickBooks hosting offers additional security features with premium security solutions. ![]() They are greatly vulnerable to modern cyber-threats and lack the latest anti-hacking tools, which ultimately allows hackers to jeopardize the safety of your database and client data. What’s more troublesome are the local desktop setups that most organizations still deploy. However, modern hackers have devised multiple ways like phishing attacks, ransomware attacks, and polymorphic code insertion for compromising your data integrity. Working at an accounting firm means handling confidential data like SSNs, account details, personal credentials, etc. This way, you can still continue your business operations, even if the physical access to your office is hampered. Your employees can efficiently work while commuting to the office or from their homes. While this essentially frees you from the traditional hardware dependency, it also makes your workplace mobile. Through a valid authorization and good internet connectivity, QuickBooks on the cloud can be remotely accessed from anywhere, via any device, and enjoy at least 99.995% SLA-backed uptime with the right CSP. QuickBooks hosting brings in the much-needed transition from this device-bound access. While some may think that this problem can be easily solved by switching to portable devices like laptops. The access to the accounting solution becomes device-specific you must have access to that particular device. The local installation of QuickBooks carries several restrictions for CPAs and accounting firms.
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