We used to track and update general ledgers by hand in notebooks or in spreadsheets on the computer. Basic accounting software soon followed, and programs such as QuickBooks quickly captured the accounting software marketplace. While QuickBooks is great entry-level accounting software, its limitations may now be hindering your overall business efficiency, profitability and growth.
Sign #6: Your Business Insight Isn’t Insightful
Financial data and cash flow are key elements of your business. Although QuickBooks helps businesses make the transition from manual calculations to automatic reconciliations, growing companies need to know more about their finances than what QuickBooks can provide. You know you’re outgrowing QuickBooks when you need to manually combine financial reports from multiple departments or business units to figure out cash flow, profitability, and budget and forecasting projections.
There comes a point when basic accounting software no longer provides the financial insight you need to support your growing company. A business solution like Microsoft Dynamics GP provides a complete solution for your business operations.
Microsoft Dynamics GP can make it easier to track cash flow and expenses, create realistic forecasts, and make the confident decisions that drive business growth. In-depth financial insight, including 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.
Join us next week when we explore the next sign you're outgrowing QuickBooks: Productivity Is at an All-Time Low.
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