Intuit QuickBooks is an accounting application designed for small to midsize businesses, known for its simple interface and basic bookkeeping tools. While the software has a lot to offer for companies in their initial stages, growing businesses find themselves bottle-necked by the solution’s limited capabilities. Here are four reasons companies are hindered by QuickBooks:
- QuickBooks limits the amount of data contained within the system. There is a maximum number of entries allowed for each list including items such as customers, vendors, payment methods, and ship-to addresses. This is severely problematic for growing organizations and can have the disastrous and unexpected result of lost or corrupt data (without warning).
- QuickBooks restricts your visibility into business performance. QuickBooks provides siloed applications and data making any real-time analysis and accurate business decisions difficult. The software’s limited reporting capabilities often means the continuation of off-system reporting using spreadsheets or additional tools which is labor intensive and costly.
- QuickBooks is primarily a general ledger solution. A thriving business needs robust software that creates efficiency and reduces headaches across functions. QuickBooks specifically lacks strong manufacturing and inventory management functionality, relying on third-party integration. Software that supports your entire business instead of just accounting and finance enables your organization to operate more effectively.
- QuickBooks' limited functionality won't scale with your business. Because QuickBooks was built to support a narrow scope of processes and business offerings, it severely limits companies from expanding their offerings or providing new methods of service and payment.
The number one risk facing organizations outgrowing Quickbooks is waiting too long to implement a new system. Taking a proactive approach with the selection of a new software solution that properly fits your needs will help ensure your business accelerates along its growth trajectory.
About Oasis Solutions
With more than 350 years of combined industry experience, Oasis Solutions is your local Sage, NetSuite, and Adaptive Insights partner that offers expertise in accounting, human resource management, and custom software development. We have your long-term plan and business strategy in mind from the get-go.
We don’t just sell software. We are passionate about understanding your company’s processes and committed to your success and reputation long after the go-live date. Providing you with skilled consultants and developers for support, the ability to ask for help, discuss best practices, buying options, pricing, products, and more.
As industry experts, we possess a profound understanding of the software and the knowledge and skills to best tailor your implementations to your individual business needs.
Oasis Solutions has offices in Louisville and Lexington, KY, TN, and NC. Let us help you get the most ROI out of your software investment and be your local partner.