The Hidden Cost of QuickBooks

Most small businesses begin their financial lives using Intuit’s QuickBooks, which—with more than80% market share—is by far the best and most popular small business accounting application. It’s wellknown. It’s easy. It works, and it offers the functionality a business needs when it’s starting out.But if your business has moved beyond the entry level, your organization may be facing a number ofchallenges as you hit the limits of QuickBooks’ functionality. QuickBooks simply wasn’t designed toprovide professional financial management capabilities to growing organizations with sophisticated,evolving demands that require more and better visibility into financial and operational performance—such as automating key processes, providing anytime, anywhere access, enforcing internal controls,customizing functionality, and integrating with other critical applications.

	How do you know when it’s the right time make the move?
	Which options should you consider?
	What arethe hidden costs of waiting?
	How can you measure the costs against the benefits?

This paper outlines a framework to help your organization assess the hidden costs of continuing touse QuickBooks along with the financial upside of switching to a modern financial management andaccounting system, and will help you:

	Decide the best time to switch from QuickBooks to a more robust, cloud computing-based system
	Identify the hidden costs of continuing to use QuickBooks
	Evaluate the available alternatives, a solution that will grow with your business needs
	Compare the cost of the status quo with the benefits of switching