I am a partner in two businesses (not pizza related) one uses QB on a local computer; the other uses QB online. I am typically all over the books of both businesses. I find online irritatingly slow, and non intuitive. Some of the automation functions with bank accounts are pretty good. The big thing for me is you cannot do a backup and restore from a saved file with the online version. I talked to QB about it, and they call it a feature, one to keep a rogue partner from uploading a fraudulent set of books. I call it a huge risk. If you ever “blow up” your QB data base, you cannot just restore the online version to the latest good version.
I have come to be able to live with each. Going forward I would prefer the stand alone version. That said, I always have 3 backups of the stand alone QB data base. 1 on the local computer, 2 on a USB stick, and 3rd on the cloud in another physical location. That way in case of fire, I still have the data.
We might have a little more tech knowledge available to us than the typical shop. We run the local QB off of a Synology Disk Station DS413j that is in a secure location with backup up power. We VPN into it, so we have access from anywhere with internet. Of course we need our laptop with the QB installed on it.
One plus for the online version is that my partner and I were able to be into the data base at the same time last week, trying to sort out a “mess.” We both could access and revise data. We were in different locations, so that collaborative feature was a plus that day.
Finally I think we are paying around $40/month for the online version. I am still using a 2004 version of the stand alone just fine. No monthly charges for that one!
You are right about the inability to swap between online and offline versions… what a great “feature!” Not!