Module 01 Disussion- CH
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School
Dallas County Community College *
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Course
ACNT 1311.
Subject
Information Systems
Date
Feb 20, 2024
Type
docx
Pages
2
Uploaded by ChefComputerNarwhal18
1.
How are QBO (QuickBooks Online) and QBDT (QuickBooks Desktop) different in the number of companies they can manage per license?
QuickBooks Online (QBO) and QuickBooks Desktop (QBDT) have different licensing structures when managing multiple companies. While QBO allows handling multiple companies with a single license, QBDT typically limits you to one company per license. The number of companies each software can manage is determined by their licensing structures and the plan you choose. A single QBO license can handle multiple companies, but QBDT follows a per-company licensing model. This means that each license is associated with a specific company file, and a separate license is required for each company you wish to manage in QBDT. It is essential to consider the licensing structures of both software before selecting the one that meets your business needs.
2.
Does QBO work offline, without an Internet connection?
QuickBooks Online (QBO) is a cloud-based accounting software requiring an active internet connection. It is imperative to have internet connectivity to access and utilize QBO’s features, as it allows for the synchronization of information across various devices,
data access, and the performance of calculations. Users cannot access or use QBO’s features without an internet connection. Therefore, to fully utilize and access all the features of QuickBooks Online, having an active and reliable internet connection is a fundamental requirement.
3.
Do you need to back up QBO files? Why or why not?
QuickBooks Online (QBO) automatically generates cloud backups of your data, which provide a certain level of inherent data protection. However, it is advisable to maintain additional backups to ensure increased security. Despite QBO’s efforts to safeguard your data, unforeseen events such as data corruption, accidental deletion or technical glitches could potentially result in data loss. By regularly creating backups of your QBO files, you would have an extra copy of
your data that could be used for restoration.
4.
How are QBO and QBDT similar?
Intuit provides two accounting software solutions, QuickBooks Online (QBO) and QuickBooks Desktop (QBDT), which share numerous similarities in terms of functionality and features but also exhibit some noteworthy
differences. Both versions are designed to aid businesses in managing their finances by enabling them to track income and expenses, produce and send invoices, handle bank transactions, generate financial reports, and manage payroll (although payroll features may vary between the two). One significant difference between QBO and QBDT is their accessibility. QBO is cloud-based, which means it can be accessed from any location with an internet connection, while QBDT is desktop-based and can only be used on a
single computer. Another difference is their pricing models, with QBO offering a subscription-based pricing model and QBDT offering one-time purchase options. Furthermore, each version has unique features exclusive to that version.
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