With the offerings Intuit now has via QuickBook’s versions, a small business can go a long way before needing to upgrade out of the Intuit group….however, it does happen as your growth outstrips the capabilities… You will have to register on this site to be able to download the whitepaper, but I believe it is worth your time if you are at or near the need for a bigger and better accounting system.
Excerpt……..It happens thousands of times every year in this great land of opportunity. Successful businesses outgrow their entry-level accounting systems. More often than not, the system is QuickBooks.
But moving to a new accounting system or more robust financial system is expensive, and time consuming. So when should you start? And when will you recover your costs and see a return on your investment?
This whitepaper addresses these important questions by identifying some of the pain points you run into that indicate it’s time for a change. Here you can access a video that gives some quick insights into why growing companies make the move to a new system. We then illustrate how to envision what a more robust and flexible accounting system can bring. Next, we’ll detail how to consider and compare total cost of ownership (TCO) and return on investment (ROI) of the two financial system upgrade alternatives: on-premise and cloud. Finally, a real-life case study will demonstrate how a high-profile business, GrubHub, graduated from QuickBooks to Cloud Accounting.
Register and download white paper………via QuickBooks to Cloud: Considerations and Case Study | Proformative.
The article gives you detail on a few of the accounting solutions software available for small businesses and startups…..to include……QuickBooks first. Quickbooks has other offerings besides those listed in the article ….. it is the QB software I most often get calls for.. or work with… in a small business. The most important advice….don’t put off getting this part of your good recordkeeping launched.
Excerpt………..a small business accounting solution is critical: You need to be able to see at a glance the health of your finances and quickly identify trends and opportunities. And forget accounting jargon and inscrutable ledger screens. Today’s approachable packages generally hide the nuts-and-bolts and deliver top-level “dashboard” synopses ………..
Read full article…….via The Ultimate Small Business Accounting Software Guide. From Small Business Computing
Data mining and data management………Here is a help for the small business from Intuit……good idea…..kudos.
Excerpt……….Intuit–maker of QuickBooks, Quicken and TurboTax–is one such company. It provides business and financial management solutions to small and mid-sized businesses, financial institutions such as banks and credit unions, consumers and accounting professionals. And it has mountains of data available to it, provided by users that trust it and have opted-in to share that data. It has transactional data, behavioral data (drawn from products like TurboTax Online and Mint), user-generated data and even social data drawn from social networks and Twitter. And it wants to democratize that data through an initiative it calls “Big Data for the Little Guy,” through which individuals and businesses will be able to make their own queries on Intuit’s data.
Read full article……..via Intuit Brings Big Data to Small Businesses and Consumers CIO.com.