Presumably, every business expects to update their accounting software to look for new features and functionality within the business. However, the practices carried out after integrating a new software are not always optimized to the maximum. Intuit strives to keep its creation, QuickBooks, at the top of the lists of stellar accounting software and thus, it affirmed QuickBooks in the cloud software options for users. Intuit’s latest version, QuickBooks 2018, can also be connected to cloud technology to enhance its uses.
There is no doubt that with the latest releases, Intuit is trying to nurture the ecosystem of cloud-based software approaches and services. A couple of months ago, Intuit released QuickBooks 2018 for businesses looking for a portal that meets their accounting and bookkeeping needs. The latest released version of QuickBooks is a combination of advanced tools and features, some of which are really beneficial for small businesses only interested in claiming growth.
However, it is equally important for users to update their business files as they plan to migrate their business accounting system to the new QuickBooks 2018 software. While many users find QuickBooks 2018 to be an easy platform to use, some still aren’t. fully familiar with updating data related to company files. In contrast, there are several terms passed down by experts regarding the query to update your existing company file before moving to QuickBooks 2018, discussed below:
The administrator is the real boss: The key consideration to keep in mind when trying to convert your existing company file to QuickBooks 2018 is to keep in mind that only the administrator can update the company file. The same would not matter much if the company has only one user. But in the case of multiple users, one user needs to be logged in as an administrator to upgrade the files to QuickBooks 2018.
Updating the company file over the network causes serious data problems: A slight but important point to note when upgrading your company file to QuickBooks 2018 is to never update the data while it resides on any cloud network or assigned device. Doing this can cause data loss or corruption in cloud-like conditions, and the data conversion is vulnerable to threats. Rather, to save himself and his data from such disasters, the administrator should always update the file stored locally on the system.
Accessing a company file upgraded to older versions is a real pain in the ass: It is recommended that you complete all of your connections with earlier versions of the software, as once the company file conversion process takes place, there is no possibility of accessing the files in the earlier version of QuickBooks. To continue to have access to the same company files in the previous version of the software, the user must back up the data and store it separately in the company’s own file.
Business company files are no longer accessed through QuickBooks Premier or Pro: Businesses that have already made the wise decision to move from QuickBooks pro or premier versions to QuickBooks 2018 should be aware that updated data will no longer open in earlier versions of QuickBooks pro or premier. Enterprise Update files will open and be accessed only through the Enterprise Edition of QuickBooks.
The bottom line
Businesses looking for a seamless business data migration to QuickBooks Desktop 2018 are encouraged to integrate their business with QuickBooks hosting services as well. Embracing the power of the cloud, delivered in the form of hosting, is vital to business in order to drive growth, success, and business integrity. The third parties are there to offer complete installation support, data backup guidance and any other related services.