We live in a time where technology changes faster than fashion trends. Every other day, we hear about the demise of a certain technology and the birth of another. From email to QuickBooks, people are quick to say that a certain tool or platform doesn’t work or isn’t relevant anymore.
The question is – does technology ever die? Not if it evolves.
QuickBooks is one of those rare tools that has survived the test of time by staying up to date and even ahead of the times. There may be some firms that are now switching to fancy accounting software, but that doesn’t mean QuickBooks is obsolete or in any way less advanced.
The fact of the matter is that QuickBooks is still used by more than 500,000 small businesses across the world. The main reason behind its success is its simplicity and ease of use, two things that have only improved over time. Accountants and bookkeepers, who aren’t up for making their clients pay an excessive fee, actually swear by QuickBooks. They only recommend an upgrade to a more complex system when the businesses have grown beyond a certain size.
5 Good Reasons you Should Stay with QuickBooks
QuickBooks is Scalable Enough for Your Business
QuickBooks is good enough for an enterprise with up to 30 users. Some upgrades allow businesses to keep their accounting expense within their budget while scaling their accounting software per their needs. If your accountant or bookkeeper is telling you to pay for a fancy tool while your business is still in its infancy, the only thing you should consider changing is your accounting service provider. QuickBooks delivers scalability without compromising data integrity.
QuickBooks Can Be Industry Specific
Don’t let anyone fool you into investing in a tool that claims to be more industry specific. You will end up paying for nothing but a generic product with a fancy mask. QuickBooks has come a long way and there is a huge community that supports this tool. There are numerous modules and add ons that can help you enhance the capabilities of QuickBooks without breaking your bank. Some of the most popular modules include retail, manufacturing, contractor, and non-profit.
QuickBooks Can Be Seamlessly Integrated
Integration is crucial to the efficiency and performance of any tool or software. QuickBooks Enterprise can now be integrated with a number of enterprise systems including CRM and inventory management systems. This seamless integration promises better workflow, but a bit of custom development is required. A reputable accounting service provider or bookkeeping service will help you make the most out of QuickBooks.
QuickBooks Helps with Tracking and Reporting
Essentially no tool can be of any real benefit unless it can provide insightful reports. When it comes to accounting, tracking and reporting are extremely important. QuickBooks allows you to generate charts and reports per your firm’s need. The enterprise version even allows creating of consolidated reports from multiple files. There is a complete customization option to meet the reporting requirements of your company.
Last, but not the least, QuickBooks simplifies the whole process of tracking inventory and managing accounts over various locations. There is a whole range of third-party software and systems that are designed to work with QuickBooks in order to enhance it’s capabilities according to your needs.
The Bottom Line
Advanced accounting tools are not only complex, but they are also costly. QuickBooks is a trusted option, however, it all depends on your accounting service provider or bookkeeper. For any business owner who thinks their company has outgrown QuickBooks, the safest bet is to contact professionals who are well aware of the proper utilization of the tool. You will be surprised to know how much more it can offer.
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