There’s a typical evolution of accounting solutions for businesses. Most start with spreadsheet-based accounting using solutions like QuickBooks. As they grow and business becomes more complicated, many later implement more advanced solutions like Sage Intacct.
If you’re in the midst of your evolution and not sure whether it’s time to make a change, be sure to watch our webinar that explores the features and benefits of Sage Intacct and how it compares to solutions like QuickBooks.
For now, let’s explore reasons why you may be outgrowing QuickBooks and a few important differences so you can see if it might be time to make a change.
AICPA endorsement
Sage Intacct is the only financial management software endorsed by the 400,000-member American Institute of Certified Public Accountants (AICPA), which indicates the platform’s best-in-class status among financial professionals.
User limits
QuickBooks Enterprise limits the number of users to 30. That’s fine for small businesses, but if your business is growing now or will be soon, you might appreciate the fact that Sage Intacct has no limit on users.
GAAP compliance
If GAAP compliance and audit-ready financials are key to your business, you’ll want to be aware of the fact that Sage Intacct is GAAP compliant and QuickBooks is not.
Integration with other applications
Only Sage Intacct can synchronize seamlessly with the third-party software solutions you might be using, like Bill.com, to expand your financial management capabilities.
Cloud native vs. cloud adapted
QuickBooks was developed for on-premise usage and later updated to include cloud functionality. Conversely, Sage Intacct was developed for the cloud and is a multi-tenant solution. That means quarterly updates are rolled out to all customers with no downtime, so you’re always using the most recent version.
Advanced features
Sage Intacct offers a number of other advanced features that you won’t find on QuickBooks. For instance, you can easily customize templates, create role-based access and reports, and customize accounts receivable and payment terms.
Sage Intacct also stands out in the control, compliance, and security it gives users. You can issue permissions to control who accesses different reports, which are automated, accurate, and available in real time. You can also drill down easily into the data found on the customizable dashboard—all the way to the originating document.
Get the help you need
Insero & Co. is a public accounting firm with decades of experience working with businesses and nonprofits of all sizes. We can help you evaluate whether you are outgrowing QuickBooks and evaluate different accounting and financial management platforms to choose the one that meets your current and future needs.
Share
About the Author: Kimberly Gangi
