The new version of QuickBooks is QuickBooks Online that runs with the Safari web browser. This new version allows the multiuser alternative for existing users of QuickBooks in a Mac environment, as well as the future use of QuickBooks for Mac. It is now possible for Mac QuickBooks users to run multiuser versions of QuickBooks for a reasonable monthly price, and have unattended backups and software updates that are all included in the monthly price.
Also with the Safari interface, QuickBooks Online has been optimized for the iPhone. The iPhone app is basically a read only application, however in this some new features are added for customers, vendor, and employee information as well as the ability to create and send invoices. The next advantage for the Mac users of QuickBooks is that there is no longer a wait for updates to the Mac version of QuickBooks.
Installing QuickBooks Online is very easy and straightforward. However it will get a bit complicated when you need to convert an existing QuickBooks for Mac file to a QuickBooks Online file. Additionally, it does a great job of facilitating the online installation.
Manually converting your QuickBooks for Mac file to QuickBooks Online is not that difficult, as long as you follow the instructions and generally it takes around 30 minutes. You cannot directly convert your QuickBooks for Mac file to QuickBooks Online. There are some steps that are necessary for you to follow to convert your QuickBooks Mac file to QuickBooks Windows files and it will begins with the drop down menu in the QuickBooks Mac. The process begins by selecting the File menu and then selecting the “Back up to QuickBooks for Windows” within the QuickBooks for Mac software. At the time of the completion of this process, the file is sent to the QuickBooks and you receive a notification when the process of converting the QuickBooks Mac to QuickBooks Online is completed. It is very surprising that the process is performed at the Intuit level rather than in real time. If you are not getting the notification of completion from Intuit, then you must have to contact to the technical support team and ask them to look into the status you conversion and request that they will resolve for you.
Generally speaking the manual conversion process takes roughly 30 minutes (elite of the Intuit conversion) and my customers have been happy with QuickBooks Online. One customer was baffled that the merchant sort arrangements are not accessible in QuickBooks Online. The workaround for this is to utilize one of the fields in the merchant profile as the seller sort. In this way, my customers are happy to have multi-user access, the capacity to work from anyplace and unattended and automaticbackups, notwithstanding a marginally lazy execution owing to the web connection.
Two words of prudence, the first of which is that QuickBooks Online currently does not support inventory applications and the second is that the conversion may require the services of your accountant or CPA to affect a smooth and orderly transition to the QuickBooks Online platform.
As long as you understand the limitations of QuickBooks Online, then you will find the QuickBooks platform acceptable and more importantly a helpful financial tool to run and monitor your business.
The main motive of writing this post is to help the small businesses to become self-sufficient, make correct business decisions to effectively compete with the larger companies on a local, regional or global basis through the use of state of art accounting technology and the Internet.

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