If you’ve been working with QuickBooks Desktop over the years, chances are that you’re hearing news or at least some rumblings that it will phased out soon. Of course, this can lead to questions such as: Is QuickBooks Desktop being replaced? And should I move to QuickBooks Online? In this blog, we’ll inform you with what’s happening, what you need to know and how it could impact your business.
What Is QuickBooks Desktop?
QuickBooks Desktop is an installed version of the accounting software, and it has long been a favourite among several small businesses. It helps users manage:
- Invoices and payments
- Expenses and bills
- Payroll and taxes
- Reports and inventory
QuickBooks Desktop has various editions such as Pro, Premier, and Enterprise. All are powerful tools that don’t require an active internet connection.
Is QuickBooks Desktop Really Going Away?
The short answer is not yet, but things are changing. There’s been an overall shift of a lot of attention to QuickBooks Online, the version of QuickBooks developed by Intuit, the company that produces QuickBooks. This is the web-based version that runs in your web browser. The service doesn’t require any installation and is compatible with any device that has internet access.
QuickBooks Desktop is still being offered, but Intuit have been gradually taking steps in the direction of transitioning away from it. Here are a few signs:
1. Subscription-Only Licensing
In the old days, you could purchase QuickBooks Desktop for a one-time fee. Intuit has transitioned to a subscription-based model, moreover, this means you need to pay year after year, rather than once.
2. Fewer New Features
Every year Intuit issues updates for QuickBooks Desktop. The new updates have been less drastic recently, while QuickBooks Online is often receiving new tools and options.
3. End-of-Life for Older Versions
They have been phasing out support for older versions more quickly in addition, support termination means you won’t receive security upgrades or customer support.
So, QuickBooks Desktop isn’t going away tomorrow but Intuit is pushing people to adopt Online.
SEE ALSO: What Kind of Businesses Can Use QuickBooks Online?
Why is Intuit Doubling Down on QuickBooks Online?
Intuit has a few reasons for pushing QuickBooks Online. Knowing the reasons above can help you predict what may unfold in future.
- Cloud-Based Access
Similar to Online banking, you can access your books from anywhere with QuickBooks Online You don’t have to sit at your office computer. This proves useful for remote jobs and teams who are constantly on the go.
- Automatic Updates
Updates with QuickBooks Online are automatic. You don’t have to install anything also; this allows Intuit to easily patch bugs and introduce new features.
- Better App Integrations
QuickBooks Online integrates with hundreds of other apps. Whether it’s Shopify, PayPal, a CRM system, or anything else integration is often easier with the online version.
What Should Desktop Users Do?
If you’re a QuickBooks Desktop user, don’t worry. You don’t have to switch today, but you should plan.
- Stay Informed
Stay tuned for updates from Intuit. Keeping track of when support will end or when changes are coming will help you plan and avoid surprises.
- Backup Your Data
Whichever version you use, always back up your data. This ensures your data remains protected in the event of any mishaps.
- Talk to Your Accountant
Your accountant can advise you on whether and when to make the change. Some may even help you to relocate your data.
Should You Make the Switch?
Each variant has its advantages and disadvantages. So, it’s easy to see why some businesses like the power and control Desktop offers, while others enjoy the flexibility available with Online. There are a few scenarios that might help you choose one approach or the other:
You Might Stick with Desktop If:
- You prefer working offline
- You are working on business accounting needs
- You’ve invested in Desktop and are already familiar and comfortable with it
You Might Move to Online If:
- You want to work anywhere in the world
- You require more integrations with other apps
- So ideal is automatic updating, and less tech work
SEE ALSO: How to Setup and Manage QuickBooks for Small Businesses?
To Wrap Up
Intuit is moving its interest toward QuickBooks Online, and it seems it will continue to do so. QuickBooks Desktop is still a solid choice for plenty of small businesses, and you don’t need to hurry to switch. Keep yourself informed and review your business needs and what’s right for you. Whether your business stays with Desktop or switches to Online, the idea is to select the tool you need to help your business run smoothly and grow. Consider your options, ask questions and make the decision that best meets your business needs now and in the future.
Get In Touch with Us
If you are interested to know more about QuickBooks Desktop and QuickBooks Online, we are here to help you through our dedicated customer service team. Fill out the customer response form or feel free to reach to us at support@qbhelphub.com . Our highly competent team is here to solve all your queries regarding QuickBooks.
