QuickBooks is like your first car. There was nothing else like it. You and that little runabout had a lot of great times together, but it’s time to say goodbye. You’ve grown older and taken on more responsibility in life. Now, you need something bigger and better. QuickBooks is a great accounting package for a small business, but you’re not so small anymore, are you? You need a lot more than basic bookkeeping software. With that in mind, here are seven signs that your business has outgrown QuickBooks.
1) Your company has expanded into new areas of business
Your old accounting software may not be able to keep up with an organization that now has multiple operating units and departments. You shouldn’t have to contort your operations to accommodate your software. It should accommodate your people and structure. If you’ve added multiple locations or work with wholly owned subsidiaries, it’s a clear sign you’ve outgrown QuickBooks.
2) You’re juggling inventory and manually tracking your production information
QuickBooks has worked so far, but tends to require manual tracking of production and inventory. With a complete Enterprise Resource Planning (ERP) solution like Acumatica, however, you can track inventory automatically by location, serial numbers and valuations. You can categorize lot numbers and track how much product you have on the shop floor and in the warehouse.
3) Customer relationships need more attention than QuickBooks can deliver
If you want to keep growing, you’ll need do more with your customer information. That way, you can be in control and stay ahead of things. While Customer Relationship Management (CRM) functionality is available in QuickBooks, it’s more of an add-on than a core feature. It’s not as comprehensive as what you likely need to engage fully with customers for growth. For instance, Acumatica offers a holistic CRM for a real-time view of customer orders and communication. You can see the progression of customer service converting to sales.
4) You need customization in your accounting software
Your software has to align with the way your business runs. With cloud ERP solutions like Acumatica, you can customize your workflows and business processes so they match your unique requirements.
5) You have sophisticated reporting needs
To make decisions, you need powerful yet flexible data visualization and reporting capabilities. QuickBooks is designed to generate reports, but its capabilities are relatively limited in this regard. In contrast, Acumatica offers dashboard customization and customizable reports can instantly answer queries and enable strategic decision making.
6) You don’t have time to deal with duplicate data entry
QuickBooks makes it difficult to separate, export or share information. It simply isn’t designed to work as efficiently as a full-featured ERP system.
7) You want to have a clear view of the state of your business
QuickBooks, even with its Enterprise edition, is limited in terms of how well it can show you the total state of your business. Data analytics are more robust with Acumatica. You can run analytics that correlate and compare multiple data sets to present a more accurate view of what’s happening in your operation.
Learn more in our ERP Software Comparison.
Get Even More Signs Your Business Has Outgrown QuickBooks in Our eBook
Don’t let limited functionality hold you back. Find out how moving to ERP could help you take your business to the next level.
Is your company ready? Find out by reading “12 Clear Signs You’ve Outgrown QuickBooks” today.
This eBook will help you figure out:
- How to enhance your customer service with better inventory tracking.
- Why the lack of an audit trail in QuickBooks could hurt you.
- How to get a 360-degree view of your customers.
- Why you never need to run out of user licenses
- How to make it easy to share accounting data across your organization.
Upgrading From QuickBooks to Modern, Cloud ERP
Your business has grown so much on QuickBooks. Don’t stop now. Build your platform for future growth by upgrading your operations to a true cloud ERP system like Acumatica. We have guided many clients through the transition away from QuickBooks and onto a modern, cloud-based ERP platform. To learn more, contact us for a free consultation or watch our Acumatica demo.
Also, learn more in How Is ERP Different from Online Accounting Software Like QuickBooks?