Why QuickBooks Isn't the Number One Accounting Software

4/28/17 8:37 PM

Most business owners who need a quick solution for accounting and keeping track of their finances choose the most popular software program -- QuickBooks. However, just because QuickBooks is the go-to software for many businesses doesn't automatically make it the best option.

A tremendous number of complaints and frustration with the software system has piled up over the years. Users on Consumer Reports have left hundreds of single-star reviews with a variety of complaints from minor bugs to major mishaps. There's even a twitter account -- @WhyQBSucks --for venting frustration with the software.

From almost its very inception, QuickBooks has been plagued with serious issues. Even as the software has moved to a cloud-based, online version, the company is still dealing with problems from buggy software to unhelpful tech support. One expert analyst in the field described Intuit (the company that creates and operates QuickBooks) as a money-hungry business that moved its service to the online cloud in order to charge a monthly fee of nearly $30. This is compared to the actual cost of the product on the market, which is about $300. No doubt, this will cost businesses unnecessary money in the long run.

What does this mean for you as a small business owner? The best option in the market today is to switch to Enterprise Resource Planning software. ERP software not only manages your business's accounts, but it can also keep track of all the finances and business management, including HR, sales and distribution. There are many ERP offerings on the market, including Xero, FreshBooks and NetSuite, but one of the best current options is SAP Business One.

What Makes SAP Business One Better?

SAP Business One is an ERP software developed by SAP SE. It is a highly rated software system, given an 8.7 score by Financesonline.com, and it has released updated versions nearly every year since 2010.

Unlike QuickBooks, SAP Business One was developed from the ground up with business management and cloud integration built-in as an integral operation rather than as an afterthought. If there are multiple computer systems involved, ERP software allows for them all to be connected into a single system, which ensures streamlined and snag-free operation. Clearly, a simple accounting software is not powerful enough to complete all of those functions.

Many ERP software programs include integration with widely used online services such as Dropbox and PayPal. These small nuances make all the difference in a software system. Investing in a system that gives small businesses and their clients options for user interface and payment allows for positive growth and ease of use -- two things that are invaluable to maximize growth potential.

As a small business, it's wise to adopt ERP software because it works with your business model by leaving room for growth without the need to invest in other software systems. After all, it is very costly to reinvest and revamp existing operating systems and retrain employees to use a new system. SAP SE makes it easy by allowing users to try the software for free before buying in, making the software as accessible to new users as possible.

ERP software is the future of business management and the only way to ensure future growth.


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