An old joke suggests that if you’re wondering whether to update your wardrobe, you definitely need to update your wardrobe. The same can be said about QuickBooks and Excel: If you’re wondering whether it’s time for your business to adopt a more advanced accounting solution, odds are it’s beyond time to do so.
If you’re still hesitating to transition to best-in-class accounting software solutions like Sage Intacct, consider these features and benefits.
Most QuickBooks users end up migrating budget reporting and other tasks to Excel. The problem is that every hour spent pulling information from Excel and transferring it to QuickBooks is an hour that could be better spent helping your business grow.
Consolidations—especially multi-entity consolidations—are notoriously time-consuming in Excel, and monthly closes eat up hours of time every month. An advanced ERP solution like Sage Intacct automates consolidations and many other tedious manual tasks, so your team can spend more time focused on growing your business.
QuickBooks Enterprise limits the number of users to 30, whereas Sage Intacct places no limit on users. That’s just one example of how Sage Intacct supports scalability—so you don’t have to worry now or in the future about whether your accounting software will be able to support your growth.
Unlike Sage Intacct, QuickBooks is not compliant with GAAP. That can be a problem if you’re looking for funding or a loan to help your business grow.
With QuickBooks, you have to create reports within the confines of a limited number of predetermined options. It can take hours to manipulate the data and export multi-dimensional reports.
Conversely, Sage Intacct delivers operational insights in an instant with real-time, at-a-glance views of key metrics from multiple angles. Executives can easily drill down into the data to gain the insights they need to support better and faster decisions.
QuickBooks is a solid solution for many small businesses. But as your business grows, you’ll want to streamline and centralize your financial management with the advanced features that Sage Intacct provides.
As just one example, Sage Intacct makes it possible to tag transactions and operational data with dimensions, so you can quickly view your data from any angle. Customizable dashboards leverage dimensional filters and other tools to give decision-makers the details they need without delay.
Contact FSS Group today to learn more about the wide range of strategic accounting solutions we offer to businesses and nonprofits of all sizes. Whatever your current and future needs, our experts are available to provide the financial and IT consulting services you need.