3 Signs You’ve Outgrown QuickBooks for Reporting

Some organizations start their financial lives with QuickBooks and never need more than its basic bookkeeping capabilities.

But growing, dynamic organizations that use QuickBooks eventually have two choices:

1. Throw time, money, and manpower at entry-level software that doesn’t support complex needs, or
2. Leave QuickBooks behind for a robust, cloud-native financial management solution.

How do you know when it’s time to make the switch?

If the word “reporting” makes you cringe and conjures images of complicated spreadsheets, you’re already overdue for a new solution.

Here are three signs you’ve outgrown QuickBooks for reporting.

You Build More Than Half Your Reports in Spreadsheets

Because filtering in QuickBooks is limited to the chart of accounts and class, you export a lot of data to Excel for analysis.

But that takes time and causes mistakes—especially if you’re performing consolidations or eliminations. You’re also flying blind with no visibility into your organization’s future cash position.

And as the finance team is inundated with executive requests for reports, you can’t respond fast enough if a single report takes hours or days to create.

You Can't Access Real-Time Financial Information

Financial data exported from QuickBooks quickly becomes outdated, especially in fast-moving organizations. 

And when you use other systems to build reports, other people are likely creating their own versions of similar reports. Too many cooks in the reporting kitchen increase the likelihood of broken formulas and distorted information. The result? Questionable decisions are made based on questionable data.

Your next board meeting could be confusing—or embarrassing—if team members present conflicting numbers.

You Can Only Report on a Single Dimension

QuickBooks reporting is limited to a small number of dimensions (such as class and location), making it difficult to analyze data across multiple business drivers without workarounds.

The Sage Intacct Difference

While newer versions of QuickBooks offer enhanced reporting capabilities, growing organizations often find these features don’t scale with increasing complexity.

Better reporting and decision-making starts with Sage Intacct, the AI-powered financial management solution trusted by over 30,000 high-performance finance teams. 

Sage Intacct delivers:

• Self-service, customizable reports and dashboards with anytime, anywhere access
• Real-time visibility into KPIs
• Easy data organization for quick access to the right information
• Data integrated from other sources
• Multidimensional views you can slice and dice

Reimagine your next board meeting or planning session. When someone requests specific numbers, you could instantly pull up data and produce an easy-to-understand report instead of asking for more time.

Learn More

Download our whitepaper, The Hidden Costs of QuickBooks, to learn:

• The costs of maintaining the status quo with QuickBooks
• How to identify QuickBooks’s pain points
• How technology can do the heavy lifting
• The significant savings you’ll realize with Sage Intacct