“Most of the large software companies aren’t putting many resources into on-premise solutions any more,” Brian Jacobs, a partner at venture capital firm Emergence Capital told me recently. The environment is perfect for cloud based accounting applications.Īnd it’s a perfect environment for software developers too. We admit that though no one’s infallible, the security that they provide are better than our own. And I’ve seen my own clients, small business owners who look at any new relationship or technology with a wary eye, grow more comfortable letting other companies handle their data on managed servers over the past few years. I’ve watched companies move more and more of their in-house systems to hosted ones, eliminating their servers and IT infrastructure. I’ve witnessed their ease of access from tablets and mini-laptops and even smartphones. I’ve watched the enormous growth of software-as-a-service applications for customer relationship management, human resources and payroll. Isn’t it ridiculously obvious that within the next few years just about all of those companies will be using a cloud-based application instead? Of course it is. More than 90% of them currently use an on-premise accounting (or financial management or Enterprise Resource Planning/ERP) application. My consulting firm serves about 600 active companies. And there are many competitors to QuickBooks standing by to pounce. That’s because the cloud has caught up to the accounting world. Why? Because as good as QuickBooks is, I believe that many of my clients are going to dump it starting this year and over the next few years. But this year we’re going to look into selling other products as well.
#Quickbooks small business accounting 2014 full#
QuickBooks is by far the most popular accounting application for SMBs and deservedly so – it’s full featured, easy to use and well supported by Intuit. And most likely that on-premise solution is QuickBooks. That’s because, if you’re like most small and medium sized businesses, you’re likely using an on-premise accounting application.
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