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Telltale Signs You’ve Outgrown QuickBooks: A Lack of Control and Weak Audit Trails Create Business Risk

When you notice that numbers in the books have mysteriously changed, it is likely not a glitch, but a manual entry that was rewritten. Many basic accounting software programs, QuickBooks included, allow any user to login and edit data as needed, without any restrictions or an audit trail. Unless you keep a close eye on your data, these seemingly little changes can create a larger problem inaccurate numbers and skewed data. Making decisions based on inaccurate data can lead you in the wrong direction and introduce a whole new level of risk.

Growing Pain #3: Lack of Financial Controls and Audit Trails are Putting You at Risk

When changes are made in QuickBooks, do you know who made those changes, when they were made, or even why they made that change? If the answer is 'no' you may be putting your business at risk. You won’t always be there, but not knowing who is making decisions on your behalf or having the ability to authorize the appropriate decision makers within your organization makes it difficult to have the proper control to protect your business. In addition, not having insight into certain decisions makes it difficult, if not impossible, to verify the reasons for the changes or the integrity of the resulting data. You know you’ve outgrown QuickBooks when you can’t trust your data or provide a complete financial audit trail.

Protecting your data and putting the right controls in place is possible, and easy, with a business solution from Microsoft. You can restrict access to confidential or sensitive portions of your data, such as proprietary data or customer credit card information, to directors and managers. You can also provide each of your users with access to the software features that pertain to their immediate job tasks and restrict access to the remainder of your data and functions. Electronic audit features within Microsoft business solutions will track data changes, as well as control them. With the introduction of forms requiring approvals for certain types of data changes or by creating alerts to notify managers and directors with each occurrence, records maintain their integrity. Record for all data changes can be maintained to protect data integrity, ensure compliance, and reduce the chance for human error.

Connie Silverman, Controller at Kauffman Center for the Performing Arts comments, "By using Microsoft Dynamics GP, we have all the insight and reporting tools that we need to work effectively with outside organizations and give them insight into our financial status. We’ve also streamlined the effort of producing monthly, quarterly, and annual reports. What’s more, the security features of our hosted Microsoft technologies are fantastic. We can easily set the proper controls so that only authorized persons can change certain records and confidential patron or donor information, such as credit card numbers, is safe from unwarranted viewing."

Take control and protect your data with Microsoft business solutions. See how Microsoft can transform the way you work by viewing this short video.

Join us next week when we explore the next growing pain: Your business isn’t moving forward when you keep looking back. Until then, take a test drive or learn more about our cloud or on-premises solutions for small and mid-sized businesses. It’s easier and more affordable than you might think.

This blog series addresses some of the common signs businesses like yours are outgrowing QuickBooks and how a business solution from Microsoft helps keep you on the path of growth. If you missed the previous postings, you can view them here:

Growing Pain #1: The Rubber Bands Holding Your Business Together Are Keeping You Up at Night

Growing Pain #2: Managing the Books and Cash Flow Isn't As Easy As It Used to Be

Jennifer Godin

Marketing Director

Jennifer specializes in marketing and works to make it as clear as possible what makes Andosi different. Working with the team architects and masterminds, Jennifer captures their thoughts and industry knowledge and turns it into ways users can consume – blog posts, demonstration videos and other touch points. The Andosi team member have worked on a lot of projects through the years and the number of answers they have to questions that everyday users have needs to be known!

Jennifer is also a super fan of Click Dimensions, a Dynamics CRM add-on that helps facilitate sales and marketing tracking trough CRM—but on a whole new level. If you’re reading this right now, Jennifer probably already knows about it because Click Dimensions helps track everything that is happening with your Marketing and Sales efforts.

Recent Projects

In a recent project, Jennifer helped a large financial firm gather and document their needs for a complete CRM system overhaul. The project helped the company communicate their needs and work more efficiently with the system design architects who would bring new life to the system they had all but given up on!

Jennifer worked on a similar project, helping to define and document internal sales processes, with another client who needed to first hash out how their business flowed, before taking the next steps and building software that would truly work for them.

 

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