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If you're trying to make QuickBooks work for your growing multi-entity company, you've likely struggled with the accounting solution's lack of complex capabilities. QuickBooks works well for small businesses up to a certain point, but once an organization begins adding entities, it's often time to consider upgrading to a new financial accounting solution. We've previously discussed 4 major limitations of QuickBooks for multi-entity accounting. In this blog, we're delving into some additional multi-entity accounting functionality that QuickBooks can't perform. Have you struggled with any of the following?
Many organizations find that growing to multiple entities makes QuickBooks obsolete for their business. It's no secret that QuickBooks works best for smaller businesses with relatively simple accounting, but many growing organizations aren't sure about the best time to upgrade to a solution with more robust capabilities. If you're wondering whether your multi-entity organization should upgrade from QuickBooks to new accounting software, the answer is probably yes. Below are the top four reasons why.