How Does QuickBooks Cloud Hosting for Financial Data Management Work?

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Most organizations, particularly accounting companies, understand the importance of financial data, the loss of which can lead to significant damage. For example, the average ransomware breach costs $4.62 million, while the average data/files breach costs $4.24 million. Their alertness towards such financially-damaging instances makes it effortless to adopt remotely accessible QB Hosting solutions.

With the easy availability of accounting software hosting and managed IT services, CPAs and accounting companies aim to increase their profitability while also reducing operational expenses with cloud services. These solutions even help reduce the dependency on a single hardware or point of storage that can be highly vulnerable to varying risk levels. 

If your accounting tasks depend heavily on QuickBooks software, you would want to know the benefits of QuickBooks hosting solutions to manage fiscal entries remotely. Here, we will discuss the model followed by a QuickBooks cloud hosting provider regarding the backend infrastructure. 

Components of QuickBooks Hosting Solutions

  • Main server

This is the primary cloud server on which your licensed QB application will be installed. Consider this server as the central point of data access. All the data files related to your business – personal or for customers, will be stored on this main server. 

If you select a dedicated server to host the QuickBooks application, you can exercise better control over the server space allotted for your business needs. In addition, you can access essential business data remotely on Desktop as a Service via this server. Inside the cloud infrastructure, the main server is the most important financial data storage/access point to support business decisions.

  • Backup servers

If you have heard about the data backup facility you get with cloud hosting, you will find it easier to comprehend how backup servers work. In most cases, cloud hosting providers work on 2 stages of backup servers, which include:

  • Backup server A

This type of server works on incremental backup protocol, which is even termed full backup. It is taken at one precise time during the day. When the backup process is initiated daily, it adds the latest data since the last backup time and then discards the old backup. 

  • Backup server B

This backup server is established on the decremental data backup provisions. They commit to capturing all the data modifications made to the server before the last data checkpoint. 

This server is meant for the security of QB data. If you lose critical data due to a tragedy, you can ask for a backup copy from the last data checkpoint.

  • Local System

The local system you use to access applications can serve as the last layer of backup that you can add for the protection of financial data related to your clients. The only problem arises when you allow the clients to work on these files. This will eventually lead to having multiple copies of the same data files. Doing this may direct to inconsistencies in the financial data when saved in the form of multiple files.

Conclusion

The financial data of your clients is quite important for your business. By hosting the QuickBooks application on a cloud server, you can ensure easy data availability and business continuity to deal with problems resulting from accidental losses. If you are looking for a QuickBooks Hosting Provider for your firm, then Apps4Rent would be your best choice. Apps4Rent even has expertise in providing top-notch Services to Exchange to Office 365 migration and support their customers, which makes them perfect partners to designate for the service.

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