Not too long ago, it was common to see general ledgers and other financial data kept by hand in notebooks or in rudimentary spreadsheets on a computer. Basic accounting software came soon after. Accounting departments everywhere were thankful. QuickBooks was among the first to corner the accounting software marketplace and it is still used by many businesses today. While QuickBooks is a great entry-level accounting software, it has its limitations and these limitations are holding your business back from being as successful and profitable as it can be.
Long gone are the days of checking off payments with a pen in the general ledger book. Switching from manual calculations to automation reconciliations like those offered in QuickBooks saves time and reduces common data errors. As your business becomes larger and more complex, you need more insight into your finances than QuickBooks can provide. You know you’ve outgrown QuickBooks when you have to resort to manually combining financial reports from different departments and business units to figure out cash flow, budget and forecasting projections, and profitability.
Every business reaches a point where basic accounting software can no longer provide the information your business needs to keep growing. A complete business solution like Microsoft Dynamics 365 can scale with your business as it grows and provides the insights needed to help you grow. Microsoft Dynamics 365 combines the sales and customer insights of a Customer Relationship Management (CRM) software with the advanced financial capabilities of an Enterprise Resource Planning (ERP) software to give small and medium enterprise businesses the tools to succeed, all from a single software.
“With reporting in Microsoft Dynamics 365, we consolidate our financial statements in five minutes, a process that used to take us a day. We filter and distill transactional data to help us with reconciliations, and export transactional information into an Excel spreadsheet so that executives can manipulate and analyze the data”
Joe Whitty, Controller, Amalfi Semiconductor