The hidden costs of QuickBooks vs. cloud accounting
March 21, 2023
Most small organizations begin their financial lives using Intuit’s QuickBooks, which— with more than 80% market share—is by far the best and most popular small business accounting application. It’s well known, and it offers the functionality a business needs when it’s starting out.
But if your nonprofit has moved beyond the entry level, your organization may be facing a number of challenges as you hit the limits of QuickBooks’ functionality. Organizations accustomed to spending extra time managing workarounds in QuickBooks may not even realize the number of inefficiencies getting in the way of doing day-to-day business.
As your organization finds itself outgrowing QuickBooks, you may be faced with the decision to either continue muddling through, or with the expense and headache of investing in a new solution.
A new generation of cloud computing-based financial software has entirely changed the dynamics of graduating from QuickBooks. Today’s cloud computing-based systems are extremely cost effective. In fact, the time you save—just from automating critical processes and eliminating spreadsheets—can often more than pay for the entire cost of moving to the new system, typically in just a few months.