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The type of QuickBooks you would be needing depend upon your business requirements. Some can accomplish their work with online version while others need desktop version hosted on-premises. For more demanding and larger businesses QuickBooks Enterprise will get the job done. There are other business-specific versions in the QuickBooks desktop too.
On the other hand, QuickBooks cloud hosting provides the ability to install any desktop version on a remote server. This can be accessed by the employees of the company to keep track. It provides data security, redundancy, automatic backups and scalability on the go.
If your financial data is important to your organization and help your make data-driven decisions, it is strongly recommended to go for cloud-hosted solutions.