When it comes to accounting software, QuickBooks is the one software that a majority of start-ups opted for at the height of its popularity. Since its inception, Quickbooks was the one accounting software that many companies credited for their success. The main reason QuickBooks was popular was because of its invoice rendering services.
However, over the years, with the introduction of other accounting software in the market competing for client approval, Quickbooks seems to be lacking the necessary features required by emerging companies. Also, with myBooks being comparatively cheaper than Quickbooks in terms of competitive pricing, the user satisfaction score for Quickbooks has plummeted in recent times.
There are plenty of reasons for a company to search for a Quickbooks alternative. From user friendly interface to affordability, here are ten reasons that might make you want to look for the best quickbooks alternative for your business.
Greater Productivity
If you need more than twenty people using your accounting software, then it's time to look for an alternative. An alternative that allows all your employees with the best tools when it comes to inventory management, sales order processing, payroll management, etc.
Meeting Business Requirement
A business needs to adapt to the volatile environment in which it operates. Your financial system should meet the requirements of the ever changing market.
Best Planning Tools
Having easy access to information helps in making faster and competent decisions that benefit the standing of your business. Hence, you need to a financial system in place that is equipped with the planning tools your business requires.
Convenient Integration
A financial system must allow the seamless integration of a business with its suppliers, clients, and customers. A financial software that allows that level of integration is the one a company should opt for.
No Transactional Limits
An accounting software that doesn't limit a business when it comes to handling more customers, inventory items, and vendors at a greater volume than before. This can prove to be a good enough reason to opt for a Quickbooks alternative.
Internal Controls
A software capable of stringent internal control can help drive out unnecessary expensive processes and completely eliminate waste and drive profits. If your company is suffering from such costs, maybe it's time to look for alternatives.
Complete Financial Viability
Many small and medium businesses need a system that provides them with full audit trails and other such records. This helping them compete with bigger firms.
Competitive Advantage
For companies struggling to find a stable ground, they need to have a look at their accounting system. If it doesn't provide them with the tools that are required to compete with the best, then it is advisable to move on to a much more lucrative option.
Consolidated Financial Report
Quickbooks simply doesn't allow you to run a consolidated financial report for multiple companies dealing in multiple currencies. Hence, the need for a alternative becomes all the more important.
There are many Quickbooks alternatives to choose from depending on your requirement. It is highly recommended for emerging and developed businesses to research meticulously in order to find the option that best serves your businesses needs.
Source: https://hugecount.com/tech/why-a-quickbooks-alternative-is-an-urgent-requirement-for-your-business/
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