ERPodcast Episode 17 - QuickBooks - The Hidden Danger The ERPodcast
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Hidden Dangers
Over the years, more and more companies are growing far past the design point of QuickBooks. Risk, Staff Inefficiencies and simple lack of features all add up to hidden costs far in excess of what it would take to upgrade to ERP
Success!
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Digital Transformation
NetSuite
Pharmaceutical Manufacturing
Life Sciences
Replacing QuickBooks
Proven Methodologies
Your Road to Success
The ERPodcast
by Gene Hammons | Episode 17
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A rotisserie Chicken, 75 pounds of Dog food, a 350 pack of tortillas, a copy of QuickBooks for the new Garage Startup...well, at least the Chicken was good.
ABOUT THIS EPISODE
Years ago, it was very uncommon to see any company over $100k in annual revenue using QuickBooks. Intuit, the maker of QuickBooks has certainly improved the product and some of the entry level accounting packages have suffered from a mass consolidation of the local VAR’s and resellers who once served the emerging company market.
Today, there’s a point – say a $5m company, where QuickBooks becomes extremely cumbersome – lack of inventory, project based features, retail and ecommerce, the list goes on – sure – there’s lots of add ons and 3rd Party products – but features in these follow on products are limited because no one is going to pay $10k to add onto a $300 program – so you can only develop and deliver so much on limited budgets. Yet companies go forward, developing workarounds and it’s not uncommon to see $50m and $60m companies running on good ol’ QB.
Risk is an issue. Later versions of QuickBooks have added things like keystroke logs and segregation of duties protocols – but these are seldom set up ...
Hidden Dangers
Over the years, more and more companies are growing far past the design point of QuickBooks. Risk, Staff Inefficiencies and simple lack of features all add up to hidden costs far in excess of what it would take to upgrade to ERP
Success!
Email
Subscribe
Digital Transformation
NetSuite
Pharmaceutical Manufacturing
Life Sciences
Replacing QuickBooks
Proven Methodologies
Your Road to Success
The ERPodcast
by Gene Hammons | Episode 17
FollowFollow
A rotisserie Chicken, 75 pounds of Dog food, a 350 pack of tortillas, a copy of QuickBooks for the new Garage Startup...well, at least the Chicken was good.
ABOUT THIS EPISODE
Years ago, it was very uncommon to see any company over $100k in annual revenue using QuickBooks. Intuit, the maker of QuickBooks has certainly improved the product and some of the entry level accounting packages have suffered from a mass consolidation of the local VAR’s and resellers who once served the emerging company market.
Today, there’s a point – say a $5m company, where QuickBooks becomes extremely cumbersome – lack of inventory, project based features, retail and ecommerce, the list goes on – sure – there’s lots of add ons and 3rd Party products – but features in these follow on products are limited because no one is going to pay $10k to add onto a $300 program – so you can only develop and deliver so much on limited budgets. Yet companies go forward, developing workarounds and it’s not uncommon to see $50m and $60m companies running on good ol’ QB.
Risk is an issue. Later versions of QuickBooks have added things like keystroke logs and segregation of duties protocols – but these are seldom set up ...