Annual Cost Comparison – On Premise vs Cloud Accounting Solution

This is an actual analysis we did for a client (we removed their name and product) in response to a request to compare the annual costs of upgrading their QuickBooks solution. They were offered two choices, a traditional on-premise solution and a cloud based solution.

We spread the licensing cost of the on premise solution over its useful life to calculate annual costs.

As you can see, the cloud based solution will cost less than the on premise solution.

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