Online? No, Quickbooks DESKTOP instead!

Quote from Warren Buffett: "You have to think for yourself. It always amazes me how high IQ people mindlessly imitate. I never get good ideas talking to other people."

On investors' behavior, Buffett drew analogy from lemmings; the small rodents found in Arctic. Lemmings experienced frequent population booms and busts. Probably due to population boom, at certain times, the lemmings would get into massive migrations. They swam frantically en-mass in circles until they drown from exhaustion -- the behavior of investors in so many cycles of booms and busts over the past many decades.

Online Accounting software is red hot now.
Quickbooks Online. Xero. Cloud.

The users probably thought that data really lives on the cloud UP THERE.

The data actually lives on EARTH, on some remote servers situated somewhere on EARTH.
AND each and every single piece of data, made up of bytes of 1s and 0s, is transferred over the cable to the remote servers located somewhere on earth.

Each piece of DATA that forms the REPORTS you see, are retrieved from the remote servers somewhere, and reassembled back to your screen by browser. Some of the data were stored in cache for faster retrieval. They resulted from earlier computing. You have to clear the cache to get updated reports. And the reports load -- ONE webpage at A time. And the webpages don't print right, unless they are "printer-friendly". i.e. formatted for print. If you want to see multiple reports, you have to open a new tab for each report.

Well. If you have gig business, Online probably will do.

But, if you have a REAL business, and you have 3 major functions to cover (operations, marketing and finance), I would advise you to stay with Quickbooks DESKTOP, for it is ROBUST.
(b.t.w. what does it mean ROBUST?)

Adam Sterling in his recent seminar on Startup Laws at Nasdaq Entrepreneurial Center said; "INNOVATE! When it come to products or services. Stay BORING, when it comes to LAWS (for you don't want to break laws)."

I can add Accounting / Finance to the "stay boring" category, too, for you want your financial reports done right according to the accounting standards. And the reports are understandable by bankers or investors who will give you MONEY.