They say you can have too much of a good thing, so the same goes for business growth. Growth is a good thing but if your organization is unable to effectively manage it, you may run into some problems. It is likely that you’ve already expanded your teams added new suppliers and vendors, and of course that growing list of customers. Perhaps you’ve expanded to new sites and new lines of business. Suddenly your QuickBooks solutions is struggling to keep up, holding you back rather than supporting further growth and you can’t support new business opportunities.
We have created this series of articles to help you determine if you are outgrowing QuickBooks. So far we have covered:
- The QuickBooks workaround runaround
- Lack of Financial Insight in QuickBooks
- Weak Audit Trails in QuickBooks
- Weak forecasting tools in QuickBooks
Growing Pain #5: When you can’t support new business opportunities
QuickBooks can be limited in the comprehensive functionality growing businesses need to support multiple sales tax rates, multiple currencies, and the sophistication to deal with a global economy. If you have to spend time on manual data entry and implement workarounds to basic procedures, then you’re wasting valuable time and resources. What should only take a few minutes or hours ends up taking days or longer. You know you’ve outgrown QuickBooks if you’re creating work-arounds to deal with business growth.
Adding new office locations, working with vendors in other states or countries, and transitioning to the global marketplace requires a scalable and robust business management system. A Microsoft business solution can be just what you need to expand your reach. With the right technology, you can identify new business opportunities and not be afraid to take the steps to capitalize on new business growth.
Join us in our next installment when we explore the next growing pain: needing a trusted advisor to take your business to the next level.