It wasn’t too long ago that general ledgers and other financial data were kept by hand in notebooks or in rudimentary spreadsheets. 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 an ideal entry-level accounting software, it has its limitations and these limitations may now be hindering your overall business efficiency, profitability and growth.
The days of checking off payments with a pen in the general ledger book are more than over; they’re (thankfully) long forgotten. Switching from manual calculations to automatic reconciliations, like those offered in QuickBooks, saves time and reduces common data errors. However, as your business grows, you need to know more about your finances than what QuickBooks can provide. You know you’ve outgrown QuickBooks when you have to manually combine cross-departments or multiple business units’ financial reports to figure out cash flow, budget and forecasting projections, and profitability.
There comes a point when basic accounting software can’t provide the financial insight you need to support a growing business. A business solution from Microsoft provides a complete solution for your business operations including financials, customer relationship and supply chain management, manufacturing, human resources and payroll, and more without the complexity of traditional enterprise resource planning (ERP) software.
An end-to-end view of your business will make it easier to track cash flow and expenses, create realistic forecasts, and make the swift decisions that drive business growth. In-depth financial insight, such as real-time access to expected costs, cash flow, and accurate revenue reports, are essential when determining the profitability of the products or services you offer. You simply can’t get 360 degree insight from basic accounting software.
Make managing your finances a breeze and take the chaos out of month end close—with greater control and insight you can be confident your financial facts and figures are in order without spending weekends at the office.