It wasn’t too long ago that general ledgers and other financial data were kept by hand in notebooks or in rudimentary spreadsheets on the computer. Basic accounting software soon followed, much to the pleasure of accounting departments everywhere. QuickBooks was amongst the leaders to capture the accounting software marketplace and is used by many small businesses today. While QuickBooks is great entry-level accounting software, it has its limitations and these limitations may now be hindering your overall business efficiency, profitability and growth.
The days of checking off payments with a pen in the general ledger book are more than over; they’re (thankfully) long forgotten. Switching from manual calculations to automatic reconciliations, like those offered in QuickBooks, saves time and reduces common data errors. However, as your business grows, you need to know more about your finances than what QuickBooks can provide. You know you’ve outgrown QuickBooks when you have to manually combine cross-department or multiple business units’ financial reports to figure out cash flow, budget and forecasting projections, and profitability.
There comes a point when basic accounting software can’t provide the financial insight you need to support a growing business. A business solution from Microsoft provides a complete solution for your business operations including financials, integrations with other systems, and more without the complexity of traditional enterprise resource planning (ERP) software.
John Peace, COO of Accountnet says,
“Microsoft Dynamics GP can consolidate financial statements in five minutes, a process that used to take other financial software a day. It can filter and distill transactional data to help with reconciliations, and export transactional information into an Excel spreadsheet so that executives can manipulate and analyze the data.”
An end-to-end view of your business in a solution will make it easier to track cash flow and expenses, create realistic forecasts, and make the swift, confident decisions that drive business growth. In-depth financial insight, such as 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. You simply can’t get 360 degree insight from basic accounting software.
As a Microsoft Gold Certified Partner, Accountnet helps companies get up and running with Microsoft Dynamics. We don’t just install and configure the software – we train your accounting staff to use it to create the reports they need, so they can analyze data as needed. Our solutions give both technical and non-technical employees the information they need to do their jobs well — wherever they are, in whatever application they choose to use.
Go beyond a backward looking system of record and look forward to a complete business solution from Microsoft to gain the financial insight that can take your business to new heights. Learn how making informed decisions can help you serve customers and improve your bottom line. Take the next step towards growth with Microsoft Dynamics GP. Contact us at Accountnet to learn more.