It wasn’t too long ago that general ledgers and other financial data were kept by hand in notebooks or in rudimentary spreadsheets on the computer. Basic accounting software soon followed, much to the pleasure of accounting departments everywhere. QuickBooks was amongst the leaders to capture the accounting software marketplace and is used by many small businesses today. While QuickBooks is great entry-level accounting software, it has its limitations and these limitations may now be hindering your overall business efficiency, profitability and growth.

Growing Pain #2: Managing the Books and Cash Flow Isn't What it Used to Be

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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

If you’ve built your business on QuickBooks, you know it’s a great entry-level accounting solution. As your business flourishes, however, QuickBooks may not be able to keep up. There are telltale signs you've hit your limits with your current systems and when those start to occur, its likely your future growth will be stifled until you step up to a more comprehensive business management solution.

We have compiled a list of growing pains businesses like yours are facing when outgrowing QuickBooks. In this blog series, we will address some of those common growing pains and how a business solution from