Taranpreet Singh, Author at Verito Technologies

QuickBooks Enterprise 2020 Vs. 2019 Vs. 2018

Posted on November 15, 2021by Taranpreet Singh

If yours is a small-to-mid-sized business and you want to use QuickBooks software, you need the QuickBooks Enterprise version. It is a powerful solution designed by Intuit to improve reliability, work efficiency and can help you get paid faster. In addition, with QuickBooks Enterprise 2020 in place, many people like you might be interested in comparing the latest updates with the earlier versions of this software.

While its earlier features like inventory and sales management are quite helpful, the improved features can help you manage the accounts even better.

This blog post will help you understand the differences between QuickBooks Enterprise 2020, 2019, and 2018 through a comparative analysis.

Comparison Between QuickBooks Enterprise 2020, 2019, and 2018 Features

QuickBooks Enterprise Features	2018	2019	2020
Usage across multiple monitors	Yes
Reminder for payroll liability	Yes
Easy-to-customize inventory reports	Yes
File size reduction without data loss		Yes
Easy to upgrade or transfer QB software on new computers		Yes
Improvements in the feature to pick, pack, and ship orders			Yes
Alternate vendors			Yes
Cost calculation with advanced inventory (Platinum subscription required)			Yes
Cycle count with advanced inventory			Yes
Easy payroll setup and employee self-setup			Yes
Simplified file search			Yes
Column collapse or expand to view customer totals			Yes
Reliable transfer of files between customers and CPAs			Yes
Payroll status for direct deposit			Yes
Consolidation of invoices in one email			Yes
Automatic scheduled payment reminders			Yes
Easy to add PO numbers in email subject line			Yes

Benefit from Cloud Hosting for QuickBooks Enterprise

As a QuickBooks user, you must have saved your precious time with regular updates and enhancements in the software features. Customized reports, recurring sales receipts, accelerated invoicing, all this can help improve how you manage your company’s accounts. However, despite all these advanced features of QuickBooks Enterprise, the software has certain limitations hosted in a local setup.

The solution – QuickBooks Enterprise Hosting.

With QuickBooks Enterprise hosting, you can benefit from using cloud technology to access the software from wherever you are. In other words, hosting QuickBooks on cloud can give you the much-needed power to add more flexibility to your work schedule. In addition, you can also benefit from enhanced team collaboration, better security measures, and ease of integrating various add-ons.

If you are on the lookout for a way to save money while accessing cloud solutions, make Verito Technologies your trusted partner for QuickBooks hosting. Select any of our Pay-As-You-Go plans to support your scalable business.

30-days rolling backup, high performance backed by SSD-based servers, and 24×7 customer support, get more with Verito. Call us today at 1-855-583-7486.

QuickBooks Hosting

QuickBooks Premier 2022 vs. 2021 vs. 2020 Vs. 2019

Posted on November 13, 2021by Taranpreet Singh

QuickBooks accounting software has been designed with tailor-made versions to support the distinct needs of different businesses – small and large. QuickBooks Premier is one of its best versions for small businesses and caters to up to five users. In addition, it has industry-specific features and is quite popular amongst companies that need a robust bookkeeping solution and QuickBooks Pro features.

QuickBooks Premier software is also available in its upgraded version as Premier Plus, which has some enhancements and all the QuickBooks Premier features.

Since QuickBooks maker – Intuit releases a software update every year, it often becomes difficult for the users to decide which version to choose. So, whether you are a new QuickBooks user or a new one, we will help you decide which version of QuickBooks to select with this detailed analysis of different upgrades of QuickBooks Premier over the years.

QuickBooks Premier Feature Comparison Table

QuickBooks Premier Plus Features	Upgrades by Version Year
QuickBooks Premier Plus Features	2019	2020	2021
Orders documenting and track change	Yes	Yes	Yes
Progressive client billing as per job phase	Yes	Yes	Yes
Expense and time tracking based on project, employee, client, or service	Yes	Yes	Yes
Running ‘Cost to Complete Job’ report	Yes	Yes	Yes
View customized profitability and sales reports	Yes	Yes	Yes
Downloading credit card and bank transactions directly into QuickBooks	Yes	Yes	Yes
Data import from Quicken, Excel, and prior versions of QuickBooks	Yes	Yes	Yes
Balance sheet tracking by classes, like location, profit center, or department	Yes	Yes	Yes
Creating a copy of the company file to be shared with the accountant	Yes	Yes	Yes
Setting individual user permissions for the security of sensitive information	Yes	Yes	Yes
Allowing collaboration of up to five users in QuickBooks simultaneously	Yes	Yes	Yes
Contacts import from Excel and other email address books	Yes	Yes	Yes
Easy to print checks, track expenses, and pay bills	Yes	Yes	Yes
Printing deposit slips	Yes	Yes	Yes
Sending estimates and invoices right from the business account in Gmail, Yahoo, or Hotmail	Yes	Yes	Yes
Sales, sales taxes, and customer payment tracking	Yes	Yes	Yes
Creating well-designed invoices and forms	Yes	Yes	Yes
Setting up memorized transactions for invoices, estimates, and recurring billing	Yes	Yes	Yes
Viewing key customer information at a glance with Customer Snapshot	Yes	Yes	Yes
Access to industry-specific report templates made by other QB users	Yes	Yes	Yes
Storing documents in the Document Center	Yes	Yes	Yes
Accessing inventory items in one place with Inventory Center	Yes	Yes	Yes
Calendar view to check invoices, billing, and other important tasks	Yes	Yes	Yes
Batch invoicing of multiple customers for time and expenses	Yes	Yes	Yes
Tracking key reports and bounced checks in one click	Yes	Yes	Yes
Pulling bank transactions from multiple banks and accounts to categorize them for tax time	Yes	Yes	Yes
Viewing all the income-producing transactions at one place, including overdue invoices	Yes	Yes	Yes
Checking shipping rates and print labels to track packages via FedEx, UPS, or USPS	Yes	Yes	Yes
Pinning important notes about vendors, customers, and employees	Yes	Yes	Yes
Checking all the notifications and reminders about to-do tasks, overdue items, and accountant notes in one window	Yes	Yes	Yes
Check business performance instantly on the Homepage Insights	Yes	Yes	Yes
Advanced reporting that includes ‘this year to last year’ filter	Yes	Yes	Yes
Managing forms in one step	Yes	Yes	Yes
Bill Tracker to make it easier for you to manage payables	Yes	Yes	Yes
Report filters for multiple reports	Yes	Yes	Yes
Smart Search to help you search for names, transactions amounts, and account numbers	Yes	Yes	Yes
One click business performance comparison on cash or accrual basis	Yes	Yes	Yes
Payroll liability reminder to help deliver payroll taxes	Yes	Yes	Yes
New Searchable Chart of Accounts	Yes	Yes	Yes
Easy to open windows across multiple monitors	Yes	Yes	Yes
Customizable inventory reports	Yes	Yes	Yes
Easy to transfer or upgrade QB files to a new computer	Yes	Yes	Yes
Ease to accrue sick and vacation correctly	Yes	Yes	Yes
Reducing file size without deleting data	Yes	Yes	Yes
Transferring customer credits across jobs	Yes	Yes	Yes
Real-time visibility of invoice statuses	Yes	Yes	Yes
File search option to find and open company files easily	–	Yes	Yes
More reliable transfer of files between Accountants and QB customers	–	Yes	Yes
Enhanced Smart Help content with the F1 key	–	Yes	Yes
Easy to hide columns to see customer totals in reports	–	Yes	Yes
Consolidating multiple invoices in one email	–	Yes	Yes
Easy to add customer PO numbers in email subject lines	–	Yes	Yes
Automatic payment reminders for customers	–	Yes	Yes
Rule-based customer groups on different fields	–	–	Yes
Easy to add logos and format payment receipts	–	–	Yes
Automatic statements to customers to get paid faster	–	–	Yes
Automate the creation of categorized receipt expense entries	–	–	Yes
Automatically categorizing bank transactions by accounts, payees, and classes	–	–	Yes

Latest QuickBooks Premier Plus 2022 Features

The upcoming version – QuickBooks Premier Plus 2022, has the following features in addition to all the elements in its previous versions:

Easy to integrate QuickBooks with an e-commerce solution (add-on)
Easy to choose from multiple email contacts at the time of contacting customers or vendors
Emailing customized bill payments stubs
Easy to upload documents to transactions via the Desktop mobile app
Automating bill entries using QB desktop mobile app
Enhanced computing power (64-bit)

For more features of QuickBooks Premier software, click here.

Switch to QuickBooks Premier Hosting for Remote Accessibility

QuickBooks Premier desktop product has a wide range of features to support your business needs. However, it offers limited software accessibility, which means you cannot access it when you are not around the system it has been installed on. End this device dependence by switching to QuickBooks hosting services.

With our specialized cloud hosting solutions, you will benefit from remote accessibility, better security, enhanced team collaboration, and much else. To know more about our QuickBooks hosting solutions, call us at 1-855-583-7486.

QuickBooks Hosting

QuickBooks Pro 2020 vs. 2019 vs. 2018

Posted on November 10, 2021by Taranpreet Singh

QuickBooks is a widely known accounting software used by businesses of all sizes. To meet the specific needs of various industries, Intuit created multiple versions of their flagship software QuickBooks, one of which is QuickBooks Pro. It is beneficial for inventory tracking, sales tax tracking, invoicing, and many other business needs.

As a QuickBooks user, you should also know that the software maker Intuit keeps updating different versions of this software over the years to fix issues and enhance user experience. As a result, QuickBooks Pro, mainly, has been updated with new features in the last few years.

This blog post will cover the latest software updates related to QuickBooks Pro 2020 compared to its predecessors – 2019 and 2018 editions.

QuickBooks Pro Features Comparison Table

QuickBooks Pro Features	2018	2019	2020
Business performance analysis on a cash basis	Yes	Yes	Yes
Delivering payroll tax timely with on-screen reminders available with enhanced payroll subscription	Yes	Yes	Yes
Searchable chart of accounts to save time	Yes	Yes	Yes
QuickBooks software access on multiple devices (supports up to 3 monitors; not available in hosted environment)	Yes	Yes	Yes
Easy to upgrade and transfer QB files to a new device	–	Yes	Yes
Quick and easy file size reduction without deleting any data	–	Yes	Yes
Pending vendor payments tracking	–	Yes	Yes
Customer credits transfer across jobs	–	Yes	Yes
Real-time invoice status view	–	Yes	Yes
New Features in QuickBooks Pro 2020
Automatic payment reminders			Yes
Easy to add customer PO numbers			Yes
Multiple invoice consolidation in one email			Yes
Smart Help Feature			Yes
Column collapsing to get a better view of customer totals in report			Yes
Easy to find and access company files			Yes
Easy payroll setup			Yes

Latest Features of QuickBooks Pro 2020 in Detail

Automatic Payment Reminders

Asking your clients to clear the invoices on time is indeed a big challenge for many businesses. With this feature of QuickBooks Pro 2020, you can ensure you get paid timely every month. It helps you set email reminders and send them to your clients before the time to pay the invoice comes.

Easy to Add Customer PO Numbers

This has now become an exclusive feature that is available with all the versions of QuickBooks Desktop 2020. It allows you to include the field of Customer PO Number in the subject of the email while you edit the invoice email template. You can then track the customer information efficiently.

Multiple Invoice Consolidation in One Email

While using the earlier versions of QuickBooks Pro, the users need to send different invoices to a customer through multiple emails. However, with QuickBooks Pro 2020, you get the option to combine forms to a recipient in an email to further simplify payment processing by just checking a box.

Smart Help Feature

This new feature in QuickBooks Pro has been designed to enhance the search experience in terms of task-relevant content. You can use the F1 key within QuickBooks to access this feature and get live customer support via messaging and call-back options.

Column Collapse Feature

With the 2020 update of QuickBooks Pro, it gets a new feature of Column Collapse, using which you can hide unnecessary columns while assessing the reports. Now, when you run a report, you can view the sums of data without the need to scroll through detailed reports.

Accessible Company Files

QuickBooks Pro 2020 update has made it possible for you to find, open, and access various company files using a file search option in the No Company Open window. In addition, you can do this across multiple connected storage devices.

Easy Payroll Setup

This feature allows you to invite your employees to enter their personal information securely, which ultimately results in a more straightforward guided payroll experience. Only QuickBooks 2020 subscribers will get access to this feature first.

Why Host QuickBooks Pro on the Cloud?

Knowing about the latest features of QuickBooks Pro 2020 can help you manage various business processes in a better way. However, if you want to benefit from using QuickBooks in a remote environment, switch to QuickBooks Pro Hosting.

QuickBooks Pro hosting refers to the process of installing a licensed QuickBooks Pro desktop software on a cloud server with the help of a cloud hosting provider. It enables you to work on this software anywhere via Internet-connected devices and in a more secure cloud environment.

Also Read: All About QuickBooks Pro Hosting

For all your queries related to QuickBooks Pro hosting, give us a call at 1-855-583-7486.

Tax Software Hosting

All About Lacerte Tax Software

Posted on November 8, 2021by Taranpreet Singh

Tax preparation is an essential part of managing finances for both individuals and businesses. To automate this need, people look for the most efficient software to make tax preparation and filing easier. This is where Lacerte tax software from Intuit plays a vital role.

If you are new to using Intuit Lacerte, this complete guide is meant for you.

What is Lacerte Software?

Lacerte is an all-inclusive tax preparation application that helps individual taxpayers and businesses simplify their tax filing process. Based on the specific needs of different users, Lacerte comes with personalized packages, be it Lacerte Unlimited Modules, Lacerte REP, or Lacerte 200 Federal 1040.

Whether the tax returns are complex or straightforward, Lacerte software has been designed with features to help get things done efficiently. It is also a good fit for both small and large accounting firms, as it can handle a wide range of return types.

In terms of utility, Lacerte is an on-premise application that needs to be installed on a local computer before use. If you want remote access to Lacerte, you need to switch to Lacerte hosting with the help of a cloud solution provider.

Primary Features of Lacerte Tax Software

Lacerte is one of the most popular tax software amongst firms of all sizes because of its feature list, as given below:

Form Library

Lacerte software supports more than 5,700 forms, including K-1s, multi-state, and many others. Other tax form modules you get with this software include 1041, 1040, 1120, 1065, 709, 990, 706, and 5500, which helps accounting firms cater to the needs of their diverse clients.

The software also supports direct tax data importing into the Schedule D form from Excel/CSV files, which further helps in eliminating manual data entry.

Intuitive Interface

Lacerte has been designed by keeping in mind the complications involved in the tax filing process. Its unique interface consists of customizable columns, worksheet-based design, and quick access to necessary tools to make the tax filing process fast and hassle-free.

Missing Client Data Tool

Accounting firms often come across situations where they need to track down client data and manually ask for missing information for tax preparation. Missing Client Data tool in the Intuit Lacerte software targets this specific need by identifying fields with missing information and sending requests to the clients to provide the required details/documents.

This in-built tool saves time and automates the tax filing process to manage and maintain a seamless workflow.

E-Signature

With E-Signature, you can collect approvals and agreements from your clients digitally. Consider it an IRS-approved method of obtaining client signatures on tax forms, invoices, and other documents. It also ensures secure data transfer with the help of 256-bit encryption.

Error Diagnostics

Lacerte tax software is known amongst its users for its capability to catch errors and omissions with the help of 25,000 extensive diagnoses. As a tax preparer, you can quickly jump from the error screen to the input fields to make corrections in the form. It also provides automated calculations that help in preventing IRS rejections.

Trial Balance Utility

As the name suggests, Trial Balance Utility comes with features that help save time during the trial balance process. As a tax preparer, it helps modify journal entries, develop charts for accountants, and review trial balance reports. It also saves a trial balance sheet of each year for quick reference.

While these are some of the most valuable features of Lacerte, you can use many other features with this tax software. Given below is a feature table that covers several features of Lacerte based on their utility.

Utility	Lacerte Features
Performance and Integration	Unique interface Reliable multi-user experience QuickBooks Accountant Integration On-Screen guidance
E-filing	Integrated e-filing for individual and business form sets Expanded e-filing for all open years E-signature plus payments E-organizer Multiple filings per client Simultaneous e-filing for several users
Data Accessing	Jump to Input PDFs by email PDF bookmarks Lacerte client portals
Downloads and Diagnostics	Financial institution download Schedule D import wizard Calculations and diagnostics
Utilities and Tools	Trial balance utility Missing Client Data utility Tax analysis and planning tools K-1 transfer Intuit Link Financial transaction summary

For more details about Lacerte features, click here.

Workflow Add-ons of Lacerte Software

You can also include various integrated add-ons to benefit from optimized tax workflow. These include:

eSignature Plus Payments
Intuit Practice Management
Intuit Link

Difference between Lacerte and ProSeries

Both Lacerte and ProSeries are tax software offered by Intuit. They are desktop-based tax software that caters to various tax preparation and filing needs of accounting firms. Besides the similarities between the two, there are many differences that make them unique and suitable for a specific type of user.

The following table covers the differences between ProSeries and Lacerte tax software:

Features	Lacerte	ProSeries
Available number of forms	5700	3700
Error check diagnostics	25,000	1,000
Integrated e-filing feature	Available	NA
OfficeTools integration support	Yes	Yes
Interface type	Worksheet based	Form based
Schedule D Excel import support	Yes	No
Personalised reports	Yes	No
Billing clock	No	Yes

Both the software help taxpayers in simplifying the tax filing tasks. It is advisable to consider the similarities and differences between Lacerte and ProSeries software to make an informed choice.

Why Use Lacerte for Tax Preparation?

Here’s how individuals and accounting firms benefit from using Lacerte tax software:

Fast, secure tax preparation process involved
Worksheet design that facilitates faster input
Deep forms set features that assist in preparing complex tax returns
Easy to identify errors using advanced diagnostics
Access to online tax resources to stay abreast with the latest tax policies

Lacerte Software Pricing

Lacerte software pricing is based on the three special feature packages as given below:

Lacerte 200 Federal 1040
Lacerte Unlimited Modules
Lacerte REP (Fast Path Only)

For complete Lacerte pricing information, click here.

Why Host Lacerte on Cloud?

Using Lacerte in a desktop environment limits its utility. However, you can make the most of its features by switching to Lacerte software hosting. It is the process that combines the powerful features of this software with that of cloud technology.

With Lacerte software hosting, you can:

Prepare and file taxes from anywhere
Collaborate with your team members from remote locations
Enjoy 99.995% uptime
Benefit from unlimited user access
Integrate other software like QuickBooks, OfficeTools, etc.
Enjoy the advantages of disaster recovery
Scale the hosting plan up or down as per your needs
Save money and pay as you go

To start your free trial of Lacerte hosting, click here.

Lacerte FAQs

What is Lacerte?

Lacerte is a tax preparation and filing application offered by Intuit. It helps businesses and individual taxpayers in filing their tax returns without hassles.

Is Lacerte an Intuit product?

Yes. Lacerte software is offered by Intuit – a leading financial software company.

Is UltraTax software better than Lacerte?

When you start using any of this software, make sure you compare its features and benefits to make the right decision.

How can I benefit from Lacerte hosting?

Lacerte hosting, also known as Lacerte on cloud, will benefit you from accessing the software remotely. It also provides enhanced data security, better collaboration between teams, and easy integration with other accounting software.

How to update Lacerte when it is hosted on the cloud?

Once you have switched to Lacerte software hosting, the hired cloud solution provider will perform automatic software updates.

Accounting Software Hosting Sage Hosting

All About Sage Software

Posted on October 25, 2021by Taranpreet Singh

When it comes to managing a business – big or small, in its entirety, you cannot leave the Enterprise Resource Planning (ERP) software aside. You want to ensure that every aspect of your business runs smoothly, whether it is accounting, payroll, or payment systems. Sage software is a trusted comprehensive software meant to support business management and resource planning needs. It is quite popular as one of the preeminent accounting software in the world.

In this blog post, we will answer all your questions about Sage software products.

What is Sage Software?

Sage software is a multi-faceted software that helps businesses in accounting, HR management, payroll, and payments needs. The name, Sage, refers to the leading ERP software company founded in the North East of England.

Currently, Sage software is used by around six million businesses across the globe and is also the third-largest ERP software supplier in the world. Its critical solutions fall into the following four categories:

Accounting
Payments
Payroll
Human resource management

What does Sage software do for accounting businesses?

Initially, Sage software was focused on helping accountants grow their practice and better service all their clients. Over the years, their product range has expanded to cover a wide range of business needs. It is the market leader for integrated payroll, accounting, and payment systems.

Each of the Sage software products differs slightly as per the country/region they are available. This is because they are specifically designed as per each region’s rules and regulations related to accounting, taxation, and payroll legislation. Example – Sage One is a worldwide software product, while Sage 50c Accounts is meant for businesses in the UK.

History of Sage Software – How It Started

David Goldman founded Sage in 1981 as a startup business. The basic idea was to automate the print estimating and accounting process with the help of software. With the growing popularity of desktop PCs back in those days, the Sage software products range grew in popularity and is now a global market leader.

The features of Sage software have improved over the years with constant innovation, making them suitable for millions of users across the UK, Ireland, North America, Mainland Europe, South Africa, Asia, and Australia.

Features of Sage Software

Although different versions of Sage software have unique features, given below are their top five features in general:

Cash flow management using automated financial reports
Sales optimization using reports to create quotes and proposals
Payment invoicing to minimize the risk of missed or late payments
Payroll management to track profits, report taxes, and pay the employees
Inventory management with information about real-time stock data

Reasons to Use Sage Accounting Software for Your Business

Some of the benefits of using Sage accounting software to manage your business are:

Easy to print and send invoices
Ease of making payments
Auto-updating of customer/supplier records
Automatic altering of stocks
Quick calculation of payroll
Summarized customer accounts with overdue balances
Easy to analyze sales with insightful reports
VAT returns
Time-savings
Lesser risk of human errors
Cost-effective ERP solution

Difference Between Sage Software and QuickBooks

As a business accounting software, both Sage and QuickBooks are solid options. However, the final selection should be based on your business-specific needs. For many businesses, the simplicity, customer support options, and pricing make Sage software better than its alternatives. However, for others, QuickBooks is a better choice as it supports a wide range of businesses.

What matters most is the fulfillment of your needs using this software. This is possible when you dig deeper into the features and benefits of the software and understand its utility.

Different Versions of Sage Software Products

Sage software is classified into various versions based on several unique parameters, as given below:

Depending on the Business Size

For Small Businesses	Sage Accounting
	Sage 50 cloud Accounting
	Sage HR
	Sage Timeslips
For Medium Businesses	Sage X3
	Sage 100 cloud
	Sage 300 cloud
	Sage Intacct
	Sage Fixed Assets
	Sage HRMS
	Sage CRM
	Sage People
For Any-Size Business	Sage 100 Contractor
	Sage 300 CRE
	Sage Intacct Construction

Depending on Industry

Manufacturing
Construction
Chemicals
Wholesale distribution
Professional services
Food and beverage
Non profits

Depending on Business Needs

ERP
Accounting
HR
Inventory management
Business intelligence
Supply chain management
CRM
Payment processing

For more information about Sage software products, click here.

Sage Accounting Software Pricing

Different versions of Sage software: Accounting Start, Accounting Plus, and Accounting Standard are priced at £12, £30, and £24 per month, respectively. Click here for exact Sage software pricing.

Benefits of Hosting Sage Software on Cloud

Sage hosting means hosting or installing Sage software on a cloud server. This is different from the traditional local-hosted environment in which the software is installed on a local computer. While Sage software products offer unmatched benefits to different types of businesses, hosting it on the cloud with the help of a cloud solution provider is more advantageous.

Enhanced Security

When you switch to Sage software hosting, the hired cloud hosting provider takes care of data security with the help of multiple measures. These include data encryption, firewalls, third-party audits, to name a few. In other words, hosting Sage software on the cloud minimizes the risk of data loss.

Easy Access from Anywhere and Anytime

Unlike traditionally installed Sage software, you can access cloud-hosted Sage via the Internet whenever you need. It also allows you and your team to collaborate on a file simultaneously from different locations. This is highly useful for businesses with multiple sites or offices but need centralized access to specific software.

Easy to Switch to Paperless Environment

With Sage hosting, you can maintain a centralized database of business-critical documents, which can easily be shared with your team members or clients. This helps in eliminating time-consuming paperwork and simplifies various work-related tasks.

Cost Savings

The in-house IT maintenance and installation cost can be much higher than hosting business software in a third-party cloud environment. Switching to Sage hosting means money savings as you need not pay for expensive servers, upgrades, and maintenance charges.

Round-the-clock Support

Sage cloud hosting also provides a dedicated support team to resolve your hosting issues. Irrespective of the time, you can reach out to them via chat, call, or email to quickly resolve hosting issues that may arise.

Also Read: Using the Best Features of Sage software? You Also Need This.

Sage Software FAQs

What is Sage software used for?

Although Sage software has features that cater to various business needs, it is mainly helpful for accounting, payroll, and HR management. Therefore, you can select the correct version of this software based on your business needs.

What type of software is Sage?

Sage falls into the category of ERP or Enterprise Resource Planning software.

Is Sage an accounting software?

Sage is indeed an accounting software used by CPAs and bookkeepers to simplify various accounting tasks. Its other features include inventory management, all-inclusive reporting, payroll, etc.

How many versions of Sage software are there?

Sage is available in multiple versions, the selection of which can be based on the business size, industry, and specific business needs.

Can I host Sage software on the cloud?

Sage desktop products can be easily hosted on the cloud with the help of a reliable cloud hosting provider. Besides selecting the correct version of Sage, you need to pick a suitable hosting plan to make the most of cloud hosting benefits.

QuickBooks

All About QuickBooks Software

Posted on October 19, 2021by Taranpreet Singh

If there is anything synonymous with ‘small business accounting software,’ it is QuickBooks. Since its initial release in 1983, this advanced software has continued to dominate the accounting software marketplace. Its current market share of 56.60% is a symbol of its utility and benefits for accounting professionals worldwide.

In this blog, we will cover everything about QuickBooks software.

What is QuickBooks?

QuickBooks is a full-featured financial management suite that caters to the needs of accounting, payroll, inventory, invoicing, and expense management related to businesses. The feature list is not a complete one of what all this software can do for your business. Highly regarded as the Swiss Army Knife of business financial tools, this software can do just anything related to your business.

QuickBooks is developed and marketed by Intuit. It is available in both desktop versions and an online version accessible via web browsers.

What does QuickBooks accounting software do for businesses?

It is user-friendly accounting software that can help you track and organize business-related financial information by eliminating manual data tasks. Instead, it is known to automate numerous tasks, such as time tracking, invoicing, bookkeeping, sales tax management, bank reconciliation, and inventory management.

History of QuickBooks

QuickBooks was initially released in a DOS version based on the Quicken codebase. The software became popular amongst small business owners who did not need formal accounting training to use it. Because of its features and benefits, it soon claimed to have around eighty-five percent share of the small business accounting software market (Wikipedia).

QuickBooks kept evolving with new features and versions because of a lack of certain accounting features, security control issues, and a mismatch with accounting standards.

Some other facts related to QuickBooks are:

By 2000, Intuit developed the Basic and Pro versions of QuickBooks.
Intuit launched QuickBooks Enterprise in 2002 for medium-sized businesses.
By the end of the third quarter of 2005, QuickBooks had gained 74% of the US market share.
Intuit announced the release of QuickBooks 2015 with improved features in September 2014.
Intuit released QuickBooks 2016 in September 2015, and it went on like this every year until September 2020, when QuickBooks 2021 was launched.
Various versions of QuickBooks are available in different markets.

Features of QuickBooks

Given below are some of the primary features that make QuickBooks the number one accounting software for small businesses:

Business finance management
Faster invoicing
Easier bookkeeping
Insights of cash flows, profits and losses, and balance sheets
Easy to integrate add-ons for time-tracking, payment processing, etc.
Business process automation
Industry-recognized security safeguards

How Does QuickBooks Work?

Intuit developed QuickBooks with unique features for freelancers, small businesses, and mid-size businesses. Given below is a list of tasks you can do using this advanced software:

Bill Management – to organize bills in one place, schedule, and make payments right in QuickBooks.
Bill payments – to simplify bill payments when integrated with Bill Pay from Bill.com.
Cash flow management – using QuickBooks cash account for business banking and cash flow forecasting for growth planning.
Professional estimates – to customize estimates based on your brand needs and then convert them into invoices with ease
Income and expense management – to keep a check on capital inflows and outflows and then to sort transactions into tax categories
Inventory management – to track products in stock, cost, see what’s popular, manage vendors, and much else.
Live bookkeeping – to match with a certified bookkeeper.
Payroll – to automate payroll and tax calculations/filing (both federal and state payroll taxes)
Time tracking – to clock employee time and billable hours

More About QuickBooks Online

QuickBooks Online is the cloud version of QuickBooks software for bookkeepers, small business owners, and similar target users. It provides easy access to your tax and accounting data from anywhere and anytime. Whether it is about integration with third-party apps, adding HSN/SAC codes, or getting customized accounting reports, QuickBooks Online does it all.

You should know that QuickBooks online is different from hosting your licensed QuickBooks software with the help of a QuickBooks hosting provider. So make sure you know the difference between the two before you select any of them.

What is the Difference Between QuickBooks and Quicken?

Many users feel confused about the differences between QuickBooks and Quicken software. While QuickBooks focused on the accounting side of businesses, Quicken is meant for managing the personal finance of individuals and families.

Another difference between Quicken and QuickBooks is that the former option is only available as local desktop software. At the same time, the latter also offers an online version with its desktop product.

What are QuickBooks Desktop Products?

The following table covers different products or versions of QuickBooks accounting software:

QuickBooks Version	Subtypes
QuickBooks Self-Employed	QuickBooks Self-Employed QuickBooks Self-Employed Tax Bundle QuickBooks Self-Employed Live Tax Bundle
QuickBooks Desktop for Mac	–
QuickBooks Pro	–
QuickBooks Premier	–
QuickBooks Enterprise	Gold with remote access Platinum with remote access Diamond with remote access

Which QuickBooks Version is Right For You?

The following table will help you select the right QuickBooks version for your business needs:

Who You Are?	Suggested QuickBooks Version
Solo entrepreneur seeking cloud accounting software	QuickBooks Self Employed
Small businesses in need of cloud-accessible accounting	QuickBooks Online
Small or midsize businesses looking for desktop accounting software	QuickBooks Desktop
To enhance the current version of QuickBooks in use	QuickBooks App
Small businesses using MacOS	QuickBooks Desktop Mac
Small business which has just started	QuickBooks Pro
Businesses with industry-specific needs	QuickBooks Premier
Businesses looking for a flexible financial management solution	QuickBooks Enterprise

Note: The suggestions for QuickBooks versions given above are generic in nature. You are advised to assess your business needs carefully before selecting any QuickBooks product.

Recommended Read: Cost Vs. Benefits of QuickBooks Cloud Hosting

What are QuickBooks Alternatives?

The accounting software industry has grown manifold over the years, resulting in multiple software available in the market for different use cases. Genuine QuickBooks alternatives will make it easier to manage business accounting books, create invoices, send payments, to name a few.

A few popular QuickBooks alternatives include FreshBooks, Sage, and Zoho.

QuickBooks FAQs

Is QuickBooks difficult to use and learn?

Individuals who know about various accounting concepts find QuickBooks easy to use. However, those who are new to this software and accounting may need a bit of a learning curve to use it.

What percentage of businesses use QuickBooks?

As per a valid source, nearly 64.4% of small businesses use QuickBooks software.

How much does QuickBooks cost?

The cost of QuickBooks depends on the version you buy the license of. In addition, you may have to pay the price of QuickBooks hosting if you switch to its cloud-hosted version.

Is QuickBooks good for a small business?

QuickBooks is the preferred choice of millions of small businesses in the U.S. and caters to diverse needs with its range of products.

Do you need to be an accountant to use QuickBooks?

Other than CPAs and accounting firms, small business owners can also use the basic versions of QuickBooks software.

Tax Software Hosting

9 Common FAQs Related to Tax Software Hosting

Posted on October 18, 2021by Taranpreet Singh

Most tax professionals now use advanced software to simplify various tasks that form a part of their daily lives. While they can select from a wide range of software – Drake, Lacerte, UltraTax CS, or TaxWise, the next big thing is about accessing them via a cloud server. It is where tax software hosting plays a vital role.

The fundamentals of tax software hosting are quite straightforward to understand – you choose a cloud solution provider and migrate your tax software on their cloud servers for remote access.

However, not every tax professional knows about it and thus, has various questions in mind before deciding to switch to cloud-hosted tax software. This blog post will address and answer some of the most common questions people ask about hosting tax software on the cloud.

What makes cloud-hosted tax software better than the traditional desktop environment?

When you host/install tax software on a computer system, you can only work on it when you are around that system. Think of office computers with specific programs that you can only run while you are within the office premises.

On the other hand, Cloud-hosted tax software is different from the desktop environment as you can access it on the go from wherever you want.

Who provides tax software hosting solutions?

Renowned cloud solution providers provide these solutions by allowing their clients to host tax software on their cloud servers. Whether it is a software update, cloud environment maintenance, data migration, or security, they will take care of it all.

You will only need to pay them for these services based on the tax software hosting plan you select.

Why should tax professionals switch to tax software hosting?

By empowering your tax software with cloud hosting, you can make the most of the following advantages:

Remote software access
Regular data backup
Cost savings
Third-party add-on integration
Automatic software upgrades
Pay-as-you-go pricing model

How does cloud-hosted tax software work?

Tax software works the same in the cloud as in a desktop environment. Neither the software interface nor its features get changed. However, you get the benefit of accessing it from anywhere and at any time.

Once you have selected a cloud solution service provider, get the licensed software and data migrated to the cloud. Using the access credentials provided by your cloud provider, you can then start working on the software via a web browser.

Which tax software can I host on a dedicated cloud server?

Whether you use Drake, Lacerte, UltraTax, ProSystem, or ProSeries, you can host all of them on a dedicated server. However, before you make the final switch, ask your hosting provider about the support available for the particular software you use.

What determines the pricing of tax software hosting?

The cost of hosting tax software on the cloud depends on several factors, including the tax software you use, the number of users who will access it on the cloud, vRAM (virtual RAM), vCPU, SAN storage, and the cloud hosting provider you use.

How to select a tax software hosting provider?

Ideally, you should check for SLA-backed uptime, customer support availability, security measures, and data center locations at the time of selecting a cloud hosting provider.

Do I need a tax software license before hosting it on the cloud?

Getting the license is a crucial step to be followed before hosting it on a cloud server. You need to purchase the license and then ask for the hosting services.

Is my tax software data safe on the cloud?

Tax software hosting providers always ensure that your software and data will be safe. Still, you must ask about the specifics of security measures deployed by the cloud solution provider, like end-to-end encryption, Intrusion Detection, and Protection systems, firewalls, to name a few.

Final Thoughts

If you had these questions about tax software hosting in your mind, we hope you have got the expected answers. However, if you have any more questions or need help selecting the right hosting plan, call us at 1-855-583-7486.

QuickBooks QuickBooks Hosting

What Makes QuickBooks Good for Small Businesses?

Posted on October 11, 2021by Taranpreet Singh

Handling accounting tasks related to a small business is not as easy as it may seem. In the early stages of business launch and development, many business owners prefer handling account books manually. It requires significant effort to manage various facets of the business, including accounting, production, procurement, to name a few.

If you have also started a small business recently, you must dedicate your precious time to the right things and manage accounting tasks using QuickBooks software. You might have heard some misconceptions about QuickBooks being limited to enterprises.

The truth is – QuickBooks has been designed with a wide range of features that can benefit businesses of almost any size and scale. As a result, it is one of the leading accounting software loved by CPAs and accounting firms in the USA. According to the stats, the current market share of QuickBooks stands at 56.82%. Whether it is about managing expenses, creating custom invoices, or managing inventory, QuickBooks has also become the go-to option for small businesses.

Five Reasons You Should Choose QuickBooks for Your Small Business

Connected Banking for Money Management

Many QuickBooks features have been designed to help small businesses manage their funds efficiently. For example, with bank feeds in QuickBooks, you can easily connect your bank account to this application to get a complete view of your finances. With these feeds, you can check the funds coming in or going out in real-time. It does not require manual data entry and hence, reduces the risk of clerical errors.

It can also help you sort the transactions by matching income with invoices on the one hand and outflows with expenses on the other.

Invoicing

Another feature that makes QuickBooks highly useful for small businesses is invoice creation. Using this advanced application, you can create custom invoices in a few steps and get paid on time. It makes the manual task of invoice creation simpler and helps you get faster payments. You can also set up payment schedules and keep track of invoices to manage the influx of money better.

You can use QuickBooks invoice template or create a custom invoice matching your brand identity in seconds.

Financial reporting and insights

With QuickBooks software, you can get instant access to financial reports and data related to your small business. For example, it gives you a 360-degree view of sales categorized under customers, products, or location. You can also create custom reports, including cash flow, balance sheets, and P&L statements. All these reports will help you stay on top of the business finances based on which you can make decisions for further growth.

Tax Tracking

Facing tax traps is often a big challenge for small businesses, which can be easily avoided with the help of QuickBooks. With its intrinsic features, you can automatically track and calculate sales tax. Every time you create an invoice, the software automatically calculates taxes for you, which makes preparing and paying taxes easier.

With QuickBooks reports, you can also create a tax summary for review before filing the taxes.

Paperless accounting

Like many other small business owners, you might also be working on being environment-friendly and reducing your carbon footprint. By switching to QuickBooks, you make a step forward towards paperless accounting as it helps manage documents and invoices in digital format. Whether it is invoice generation or reporting, you can efficiently work with digital files and save paper.

Make Your Small Business Grow Big with QuickBooks on Cloud

Using QuickBooks for your business can be a game-changer in the long run. The next big thing is to combine the power of this software with that of cloud technology in the form of QuickBooks hosting. You can host your licensed QB on a cloud server with Verito Technologies and enjoy seamless remote access on the go. Work on QB files from anywhere with our smart cloud solutions.

Start your QuickBooks hosting free trial with us today!

Cloud Hosting QuickBooks Hosting

QuickBooks Cloud Vs. Desktop: Which One Should You Select?

Posted on October 9, 2021by Taranpreet Singh

QuickBooks plays a unique role in the lives of accounting professionals. Being a premium accounting software, it has been in use in the desktop-hosted environment traditionally. Whether invoicing, expense management, inventory management, or cash flow management, we all know about various features of QuickBooks. However, you might not know about the differences between using QuickBooks on cloud and desktop-hosted QuickBooks.

The tremendous growth in cloud technology has brought about significant changes in the accounting industry. Instead of maintaining an in-house QuickBooks desktop setup, you can host QuickBooks on third-party cloud servers for remote accessibility and cost savings.

QuickBooks Hosting at a Glance

QuickBooks hosting, also referred to as hosted QuickBooks or QuickBooks cloud, means installing the desktop version of this application on a cloud server, enabling software access via the web on any device and at any location.

If you want to switch to QuickBooks cloud, it is paramount that you understand the differences between traditional QB desktop and QB on the cloud.

7 Differences Between QuickBooks on Cloud Vs. Desktop

Desktop-hosted QuickBooks	QuickBooks Cloud
Can only be accessed on the device where it is installed	Can be accessed on any device via the Internet and from any location
Lacks advanced security measures and anti-hacking tools	Powered with the top-rated security methods to ensure data safety
Involves frequent sharing of QB files between team members	Ensure efficient collaboration between team members and simultaneous access to the same data files from different locations
Requires significant time and resources for infrastructural scalability	Easy to scale the QuickBooks hosting plan chosen based on evolving business needs
Involves additional expense of regular IT maintenance	The IT maintenance cost to be borne by the cloud hosting provider
Has a greater risk of permanent data loss due to environmental disasters	Provides disaster recovery facility to minimize the impact of data loss during disasters
May result in performance issues with multiple add-on integrations	Easy to integrate as many QuickBooks add-ons as you need without facing any performance lag

Let’s explain each of these differences to help you make an informed decision.

Software Accessibility

Hosting QuickBooks on a local computer system does not allow you to work on it when you are not around. However, with QuickBooks cloud, you can access the software anywhere and anytime.

Security of Data and Software

Conventional desktop systems usually do not have advanced security systems to secure the saved financial data. With QuickBooks hosting, you will benefit from top-quality security measures deployed on the cloud to protect your data.

Also Read: How to Choose the Best QuickBooks Cloud Hosting Provider?

Collaboration between Team Members

While using a traditional QB desktop, users have to exchange the same files multiple times with each other back and forth for corrections. On the other hand, QB cloud hosting allows multiple authorized users to simultaneously work on the same files, saving time and effort.

Scalability

Scaling the in-house IT infrastructure up for changing business requirements requires significant investments and resources. But with QuickBooks cloud, you can upgrade the cloud computational resources by selecting a better, higher cloud hosting plan.

On-premise IT Maintenance

When you use QuickBooks in a desktop environment, the responsibility to maintain this environment falls on you. When you switch to QuickBooks cloud, this responsibility gets transferred to the hired cloud solution provider. Their team will take care of the IT maintenance needed to deliver seamless QB access.

Disaster recovery

The risk of facing irreversible data loss during an environmental disaster is higher with traditional QB desktops. However, a renowned QB hosting provider can help you back up the data during unforeseen situations to minimize their adverse impact.

Integration of Add-ons

Your QB desktop setup may only support integrating a limited number of add-ons and face performance lag on adding more add-ons than it can support. QuickBooks cloud, which is hosted on an HPC server, is a good alternative and allows you to integrate as many add-ons as needed.

In the comparison of QuickBooks Cloud Vs. desktop, one can easily see the apparent winner. With QuickBooks cloud, you will enjoy enhanced team collaboration, higher uptime, and remote software access.

Want to switch to QuickBooks hosting today? Give us a call at – 1-855-583-7486.

Cloud Hosting Tax Software Hosting

Cloud FAQs: Should You Switch to UltraTax Virtual Office?

Posted on October 7, 2021by Taranpreet Singh

UltraTax is a powerful tax software used by accountants and tax preparers. The best part about using this feature-rich software is that it can help you automate the tax preparation process related to your business. In addition, you get access to the full line of federal, local, and state tax programs, such as 1120 corporate, 1040 individual, and many others. It also integrates seamlessly with other solutions offered by Thomson Reuters – its parent company. All its features and benefits had again led to a five-star rating of UltraTax by CPA Practice Advisor in 2020.

While everything is going well and tax professionals are happy with using UltraTax CS software, what’s the buzz about switching from UltraTax CS to UltraTax Virtual Office? Have you heard about making the cloud transition to UltraTax Virtual Office?

Let’s get into the details to help you understand the right way to use this software.

What is Virtual Office CS?

Virtual Office CS is a cloud-based environment provided by Thomson Reuters to their clients to do the accounting and tax-related work from anywhere. Virtual Office CS can provide you with:

Remote access to CS Professional Suite, Microsoft Exchange, and Microsoft Office software
Round-the-clock web access to the software and data
Reduced IT burden
Improved business continuance
Regular maintenance and data backups
Ease of working from home

Let’s dig deeper.

Difference between UltraTax CS and Virtual Office CS

UltraTax CS	Virtual Office CS
Flexibility multi-monitor setup	Remote access to CS Professional Suite from client locations, home, or anywhere else
Can only be used when the user is in a local-hosted setup unless hosted on a cloud server	Ease of flexible work time for your employees or teammates
Manual data backups required	Automatic backups to save your latest data in case of hardware damage
Additional maintenance costs involved	Reduced cost related to the maintenance of software, hardware, and server installed in-house
Basic – UltraTax CS Express 100 priced at $2,500 per year*	Custom pricing available

Disclaimer: The information used in the comparison table above has been taken from the Thomson Reuters website.

How is Virtual Office CS Different from UltraTax CS Hosting?

This is a common question that many tax professionals and CPAs ask while switching to a cloud-hosted environment. You should know the difference between Virtual Office CS and hosting your UltraTax CS software on the cloud to make an informed decision.

On the one hand, Virtual Office CS provides you with the cloud benefits for the entire CS Professional Suite, including UltraTax CS. You get this facility directly from the software’s maker – Thomson Reuters, which does not require collaboration with a third-party cloud service provider. While using Virtual Office CS, you need not buy the license of UltraTax CS separately.

On the other hand, UltraTax hosting is a joint effort between you (a software user or buyer) and a cloud solution provider. You buy an UltraTax CS software license to get it installed on your computer system. But instead, you hire a cloud service provider to host the software on a dedicated server. In simple terms, hiring a cloud hosting provider to host UltraTax CS on the cloud will cost you an additional amount above the software license purchase.

Which One to Choose – UltraTax CS Hosting or Virtual Office CS?

There is no one-size-fits-all answer possible for this question. Different tax professionals have different needs based on which they select a software version – local-hosted or cloud-hosted. Although you may see a thin line differentiating Virtual Office CS from UltraTax CS hosting, it is essential to know these differences before deciding.

The decision is all yours!

Also Read: A Complete Guide to UltraTax CS Software