Why now is the time to graduate to modern accounting software
Many small businesses start their financial journey with Intuit’s QuickBooks, which, with over 80% market share, is the leading and most favored accounting application for small businesses. It’s renowned, user-friendly, effective, and provides the essential features a business needs at the beginning.
However, if your business has outgrown the initial phase, you might encounter several challenges as you reach the limitations of QuickBooks’ capabilities.
QuickBooks was not intended to deliver advanced financial management solutions for expanding organizations with complex, evolving needs that demand enhanced visibility into financial and operational performance—such as automating key processes, offering anytime, anywhere access, enforcing internal controls, customizing features, and integrating with other essential applications.
How do you determine the right time to transition? What options should you explore? What are the hidden costs of delaying? How can you weigh the costs against the benefits?
What's inside?
- Determine the optimal time to transition from QuickBooks to a more robust, cloud-based system
- Identify the hidden costs of continuing with QuickBooks
- Evaluate the available alternatives, finding a solution that will grow with your business needs
- Compare the cost of maintaining the status quo with the benefits of switching
This paper provides a framework to help your organization assess the hidden costs of continuing with QuickBooks and the financial advantages of transitioning to a modern financial management and accounting system.
