Outgrown QuickBooks Series – Can’t Keep Up With Employee Growth
When you factor in the cost, features and functionality, it’s easy to understand why so many small and entry-level businesses have made QuickBooks their accounting system of choice. With over 3.5 million users, it is the most popular system for these businesses, providing a powerful entry-level solution. But as businesses grow, that same system becomes a bottleneck, preventing them from achieving their full potential. This blog series walks you through the top 10 signs that you’ve outgrown QuickBooks and is based on our extensive experience helping small to mid-sized enterprise manage their business better.
In order to keep up with growth, you need to hire new employees. Some areas in which you may see the most need for more employees are:
- Accounts payables and receivables – As you grow, you will need more employees to manage the accounts payables and receivables processes
- Customer service – With your number of customers rising, you need more staff to serve their needs
- Warehousing – You want to continue to get shipments out the door quickly and efficiently, but without enough employees in this department, this process gets delayed
- Marketing – You want to create more comprehensive/advanced marketing plan to drive repeat business as well as bring in new customers
The problem is that QuickBooks limits you to 30 users so your employees are having a difficult time getting the information they need. If your number of employees surpasses the amount of users you’re allowed, it makes it very difficult to run your business.
When you first started using QuickBooks, it seemed to provide you with the scalability that you’d need. But as you add users and everyone is logged into the system, you notice that everything slows down. It helped you grow but now it’s preventing you from achieving your full potential. Stay tuned for next week’s blog on the top 10 signs! If you think you are outgrowing your QuickBooks solution, contact Third Wave today to discuss your next steps!
