SOURCE: Mew & Company

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May 11, 2017 18:26 ET

Vancouver Accountants Assess Cloud-Based Quickbooks

Chartered Professional Accountants measure how Cloud-based Quickbooks stacks up to its desktop predecessor

VANCOUVER, BC--(Marketwired - May 11, 2017) - As a team of chartered professional accountants based in Vancouver, Mew + Company recently released a blog aimed at small businesses wondering if they should move to Cloud-based Quickbooks, also known as QBO. For more, go to: http://www.mewco.ca/blog/business-move-cloud-quickbooks-pros-cons/

Cloud-based Quickbooks has made great strides in the past few years. Desktop Quickbooks was the top choice for many small businesses for years before QBO came into existence. Easy to use and cost effective, Quickbooks provided superior reports. However, the problem was the clumsiness that came with file sharing. A subsequent version that allowed the business to move forward while the accountant worked on year-end solved this problem, but still had its limitations.

On the other hand, QBO has empowered three main stakeholders -- the business owner, the bookkeeper, and the external accountant. With QBO, bookkeepers can update the accounting file more frequently and with minimum physical limitations. This ultimately leads to more timely financial reporting and lower costs for business owners.

Before making the leap to QBO, there are pros and cons to take into consideration. Business owners need to ensure that the pros will solve the existing drawbacks of QB, and that the cons are manageable. If a jump to QBO is a mistake, converting back to QB is neither simple nor economical.

The blog contains a list of pro and con arguments. Most notably, some of the cons include an inadequate audit trail, availability of only simple functions, and delayed response times.

QBO, the blog concludes, is adequate for simple businesses where robust reporting is not critical or mandatory. Although navigation, inputting, and reporting functions can be more time consuming under QBO, the extra costs are usually offset by the various benefits offered by the cloud-based software.

About the Company

Mew + Company, Vancouver, is an ideal solution to the taxation problem. With a simple philosophy of building long-lasting customer relationships, the company has been serving corporate clients in a variety of fields-including restaurants, real estate, retail, and the service industry. Investing in their specialist services will undoubtedly be fruitful for all kinds of clients.

To learn more about Mew + Company and discuss their services, log on to http://mewco.ca/

Contact Information

  • Lilly Woo
    CPA, CA, CFE, CFP
    Mew + Company Chartered Professional Accountants
    604 688 9198
    Company Website: http://www.mewco.ca