Most small businesses begin their financial lives using Intuit’s QuickBooks. It’s well known. It’s easy. It works, and it offers the functionality a business needs when it’s starting out. But if your business has moved beyond the entry level, your organization may be facing several challenges as you hit the limits of QuickBooks’ functionality.
Organizations accustomed to spending extra time managing workarounds in QuickBooks may not even realize the number of inefficiencies getting in the way of doing day-to-day business. And because there’s no immediate cash outlay, doing nothing may seem like the only option—or at least the most cost- effective option. But the reality is: if you’re using QuickBooks you’re incurring a broad range of hidden costs.
This paper outlines a framework to help your organization assess the hidden costs of continuing to use QuickBooks along with the financial upside of switching to a modern financial management and accounting system, and will help you:
- Decide the best time to switch from QuickBooks to a more robust, cloud-based system
- Identify the hidden costs of continuing to use QuickBooks
- Evaluate the available alternatives, a solution that will grow with your business needs
- Compare the cost of the status quo with the benefits of switching