Signs You've Outgrown QuickBooks
As your business grows and evolves, you may find that QuickBooks, while a popular and capable accounting software, might no longer meet all your needs.
Here are some signs that indicate you've outgrown QuickBooks and may need to consider more robust accounting software:
Your Business is Growing
If your goal is business growth, you need a cloud-based system that will grow with you. If your business has grown significantly, you might find that QuickBooks is struggling to handle the sheer volume of transactions, customers, vendors, and inventory. Furthermore, as your business expands, security and compliance become more critical. QuickBooks might not offer the level of security features and audit trails required for your business. A best-in-class solution like Sage Intacct can help your business move beyond transactional accounting capabilities.
Complex Accounting Needs
As your business expands, you might require more sophisticated financial reports and analytics. QuickBooks may not offer the level of customization and detail you need in your reports. If your business operates in multiple locations or has several legal entities, you may face difficulties managing and consolidating financial data in QuickBooks. Additionally, if your business operates internationally, you might need a more globally-oriented accounting solution that can handle multi-currency transactions and comply with international regulations. Switching to Sage Intacct can help your firm by providing multi-entity setup options.
You Need Greater Visibility into Your Financials
Your reporting requirements might have grown more sophisticated, needing advanced financial reporting, forecasting, or data analysis that QuickBooks cannot provide. With Sage Intacct, you have access to sophisticated dashboards that enable you to drill down on the data you need the most.
You Want Your Team to Make Better and More Informed Decisions in Real Time
Your employees need access to company data in real time. QuickBooks has user limits, and if you need more users to access the system simultaneously, it could indicate that you need a more robust solution. With Sage Intacct, you can set security permissions based on employees’ individual roles so the right people within your organization have access to the right data at the right time.
You Desire Efficiency
If you rely on various third-party tools such as CRM software, inventory management systems, or ERP solutions, you might encounter challenges integrating them seamlessly with QuickBooks. Moreover, with increased data and user load, QuickBooks might become slower and less responsive, affecting your business's efficiency. Sage can help you save time, automate manual tasks, and run your business more efficiently.
If you're experiencing any of these signs, it might be time to consider upgrading to a more robust and scalable accounting solution that fits your business’ current and future needs. Sage can cater to the demands of growing businesses; Sage Intacct is the AICPA’s only preferred provider of financial applications.
If you would like to learn of more ways that Sage can help you and your business become more efficient and profitable, give us a call or send us a message. We can walk you through specifics and help you compare the different options to find the best software solution for you.