When your business was just starting up, adopting QuickBooks was almost a rite of passage. It was a welcome sign of your company’s growth and the accounting system met your needs for a time. But your business has kept growing, and now you’re seeing the limitations of the system you once depended on. QuickBooks simply doesn’t offer all the capabilities you need today—or tomorrow. The time has come, once again, for a change.
But how do you know it’s really time to make the investment and upgrade your operations to a next-level accounting system? Learn the warning signs and download the full guide here: http://rinehimerbaker.com/resources/outgrowing-quickbooks/
2. 1 OUTGROWING QUICKBOOKS? TAKE YOUR ACCOUNTING SYSTEM TO THE NEXT LEVEL WITH INTACCT
You Know When It’s Time to Change
When your business was just starting up, adopting QuickBooks was almost
a rite of passage. It was a welcome sign of your company’s growth and the
accounting system met your needs for a time. But your business has kept
growing, and now you’re seeing the limitations of the system you once
depended on. QuickBooks simply doesn’t offer all the capabilities you
need today—or tomorrow. The time has come, once again, for a change.
But how do you know it’s really time to make the investment and upgrade
your operations to a next-level accounting system?
To know that the time is now?
If you’ve grown beyond QuickBooks, you’re feeling any number of these
growing pains:
Manual Processes Are Slowing
You Down
Whether you’re using a paper and pencil, keying in the same information
twice (or more times), or constantly switching back and forth between different
systems, company files and data sets, it all leads to the potential for costly
human error and decreased staff productivity. QuickBooks might have you
tethered to a manual workflow that takes too much time and energy that
could be better used elsewhere.
In other words, you may now have multiple entities, locations, or currencies
and using multiple financial and operational systems to manage your organization.
Managing the finances of a more complex business structure—not to mention
staying in compliance with multiple regulations—is no simple task. And to put
it simply, QuickBooks isn’t designed to handle the expansion.
What System Integrations?
Exactly. Many of your finance, accounting, and ERP processes are being
completed in disparate systems, and you know that if you could increase
integrations you’d have an efficient, streamlined process and some powerful
insights. With QuickBooks, you’re limited with respect to system integrations
and are presently unable to connect the right dots. And it’s surely bogging your
team down with workarounds and any number of other manual processes.
Your guide
to overcoming
QuickBooks
“growing pains”
and transitioning
into a cloud-based,
built-for-success
accounting system
your financial
team - and C-Suite
- will love.
3. 2 OUTGROWING QUICKBOOKS? TAKE YOUR ACCOUNTING SYSTEM TO THE NEXT LEVEL WITH INTACCT
You’ve Only Scratched the Surface
With Reporting
As your accounting system, has QuickBooks become a “check writer” and place
to key-in journal entries? Have you started creating reports in Excel by combining
data from other systems in order to provide your management team with more
information in a more timely way—and even that isn’t keeping pace? Ideally,
you would want to show your financial reports differently to add meaning and
relevancy. You know that other accounting systems give you access to more robust
reporting capabilities and even real-time insights. Intacct excels at providing
robust, multi-dimensional financial reporting and is investing more to stay ahead
of the curve.
You Have More Users and/or Entities
You might have started small, but now your company has multiple QuickBooks
users and potentially more company files—and growing. Some of them need
full access, others need read-only access, and there are times when everyone
needs to use the software simultaneously. In order to preserve internal controls
and maintain efficiency, you need more detailed permission settings than
QuickBooks provides. It is not easy managing different Charts of Accounts or
reporting on combined operations. Logging into and out of different company
files is cumbersome. What’s more, accounting employees’ roles and functions
are evolving, too, with needs in more areas beyond payroll and paying bills.
Your finance and accounting operations are getting more complex and
demand more than QuickBooks can provide.
Slow and Inaccurate Processing
Over time and after thousands of transactions you may be experiencing sluggish
processing and out of balance financial statements. You need a system that is
designed to handle everything you can throw at it. You don’t want to worry about
corrupt transaction databases and potentially inaccurate reporting.
QuickBooks is Inaccessible
Whether on premise or professionally hosted elsewhere QuickBooks can
be unavailable when you need it. As your transactions and users grow, this
problem only gets worse.
To download the complete whitepaper, click here.
http://rinehimerbaker.com/resources/outgrowing-quickbooks/