6 Signs Your Business Has Outgrown QuickBooks
QuickBooks is useful for basic accounting and is often preferred by small businesses for its affordability and user-friendliness. However, it is not suited for managing business processes other than financials. QuickBooks isn’t a full Enterprise Resource Planning ERP solution like Acumatica. If you’re struggling to run your business using just QuickBooks, or trying to keep the business running smoothly with a combination of QuickBooks and an ERP suite, you may have outgrown the solution.
Here are six signs you’ve outgrown QuickBooks:
1) Your Company Is Increasingly Reliant on the Cloud
While you can access QuickBooks Enterprise over the Internet, even Intuit will admit the product is not optimized for full cloud functionality. A lack of access to cloud data limits mobility and is thus less convenient than having a cloud-based system. No additional equipment or software are required to use Acumatica as an on-premises or cloud solution.
2) Your ERP Requirements Extend Well Beyond Accounting
Users can’t do much with QuickBooks beyond performing basic accounting tasks. If you’re using it as a check writer and reporting using Excel, it’s time for a more robust ERP solution. It’s also time to switch if your transaction volume is going up and you can benefit from CRM functions that integrate your business processes with those serving your customers.
3) You Require Full Relational Database Export
QuickBooks uses a proprietary database, so it’s hard to import data from payroll, billing, receivables and other outside systems. This can interfere with workflows and transactions, slowing your business down. You can better serve your customers and partners by updating to an ERP system that supports databases such as Microsoft SQL Server, Oracle or SAP HANA.
4) Your Financials Are a Mess
You can tell if your business has outgrown QuickBooks if it takes too long to bill clients or it’s difficult to determine your true cash balance. If meeting the new ASC 606 requirement or consolidating financial reports from multiple companies or divisions is a concern, it’s time to switch to Acumatica. It allows reports to be formatted the way you want. The ERP system also supports multiple currencies and multi-currency transactions.
5) You’re Entering Duplicate Data into Multiple Systems
The larger a business gets, the more data it needs to handle. If you’re spending time entering data into QuickBooks and then rekeying it into other systems, you’ve outgrown QuickBooks. Acumatica updates data in all systems when changes are made, so any user can see the latest document version or financial record, wherever they log in from.
6) There Are More Users Than QuickBooks Can Support
QuickBooks Enterprise supports up to 30 users. While this might suit a growing small business, at some point your company will probably need more people connected. Acumatica can be scaled as your company grows; it can even support multiple companies. Your business can therefore continue using a familiar platform without requiring a complete reimplementation (which can be costly and time consuming).
Next Steps After Your Business Has Outgrown QuickBooks
If you need a true cloud, full-function ERP platform that scales as you grow, you’ve outgrown QuickBooks and should consider Acumatica. The cloud ERP system offers flexible subscription and perpetual licensing options. Contact us to learn more about what this full-featured business management solution can do for your business or browse the additional resources below: