Here are seven signs you may want to consider a more robust system to manage your business on:
1. Experiencing Data and Record Size Limitations
QuickBooks does have data and record size limitations that may become a problem for fast growing companies. As a company begins to reach the limitations there is also potential for the data to become corrupted. This may make it more difficult and costly to move the data to another system.
2. Reporting is Not Meeting Your Company’s Needs
As companies grow, so does the need for sophistication and better reporting. The ability to build new reports is limited in QuickBooks. Many companies find that reporting tool options for QuickBooks are not meeting their needs when compared to robust accounting systems such as Microsoft Dynamics GP.
3. Incomplete Audit Trails
Accountants and business owners like their financial information to be comprehensive and well-documented. QuickBooks does provide some levels of audit trails, depending on the version, but there are some circumstances where financial information can be changed without the proper historical audit trails. The lack of true accounting compliance could leave a company vulnerable to inaccurate records and possible loss of revenue.