Choosing the right accounting program is a critical decision for any business owner. Postponing the purchase, most certainly, can impact expansion during a company’s growth period.
Furthermore, small to mid-size businesses looking for an alternative to QuickBooks (QB) may question the timing of upgrading to a more robust accounting software. Unfortunately, it’s not uncommon for a business to opt for customizing existing programs. The result can be disastrous as more and more programs, files and documents reside in isolation from each other.
To avoid such impact on workflows, businesses should consider deploying a single database management system that can be aligned to departmental objectives quickly; this, without waiting for upgrades to proprietary features on existing software, for example.
In short, (QB) can shackle planned expansion because its capabilities are narrowly focused, notes an overview on the Entrepreneur website. For example, if you need to drill-down on sales data to analyze orders, geo-sources and even “customer industry and country” QB fails in this regard.
“QB is excellent at slicing and dicing data along common business accounting methods, but the minute you find yourself pulling data from QB to manipulate on a separate spreadsheet, you’re ready for a more robust accounting platform. For example, QB won’t let you analyze sales based on a combination of location, size of the order, products ordered, customer industry and country.” Joe Worth, Entrepreneur/Cash Flow Center.
To prepare for future expansion, or to automate and streamline a host of accounting functions, contact us. Ask us about our Microsoft Dynamics product line for your professional services company; manufacturing, warehousing and distribution or supply chain management.