If you’re a medium sized startup that is growing quickly, there’s a pretty good chance you’re using QuickBooks. There’s nothing wrong with that. QuickBooks is a strong, reliable solution for a business’s accounting needs. However, there is also a pretty good chance that your business will soon become to big for QuickBooks to continue to be an efficient solution, if it hasn’t already.
Here are a few signs your business has outgrown QuickBooks:
You’re using third-party add-ons to cover the gaps
A number of software companies have created applications that can be connected to QuickBooks to cover some needs that QuickBooks doesn’t. These add-ons can seem like efficient solutions at the time, but they end up being a hassle, and can cause big problems if one piece of software updates before another, for example. The more of this software that is added on, the more your company is in danger of inaccurate accounting, or worse.
You’re using spreadsheets
Spreadsheets can solve the same problems as third-party add-ons, but they also cause many of the same problems. While it is less likely that they will stop working due to updates, they are much more likely to be inaccurate, and can be much less efficient than using software.
Reports don’t do everything you need them to
If you’re using QuickBooks, you’re probably using the reports feature. However, there’s a good chance you’re not getting everything you need out of them. Over time, companies grow accustomed to using whatever information is available to them, but when they step back, they realize that they really don’t have as much information as they need to make efficient decisions.
Lots of redundancy
In almost every case, numbers should only have to be entered into a computer once. Once they’re in the system, they should be able to be ported around the software in any way necessary. If you find that your employees are inputting numbers multiple times, you’re wasting their time, and therefore your money and resources. QuickBooks may no longer be serving your needs.
If you’ve noticed some or all of these things happening around your office, your company has outgrown QuickBooks. Even if none of this has happened but you expect it to start happening soon, it’s time to start looking for a replacement that will serve your needs in the future. Contact us for more information, and for potential solutions to this problem. QuickBooks is a great software for small companies, but once a company outgrows it, it can waste as much time, energy, and resources as it saves.