With limited expense to spend on enterprise management software, it comes as no surprise that small and mid-sized companies are likely to look for an innovative solution. The businesses often compare QuickBooks to full-fledged Enterprise Resource Planning (ERP) software. Growing companies that have been using QuickBooks might be familiar with its limitations and finding a full-scale solution.
Selecting the right business management software is no easy task with plenty of functions, options, and offers available. QuickBooks is undoubtedly a good software for basic accounting at a comfortable price, but don’t simply choose software for its low price, select the one that adds value to your business. It is better to opt for a solution like Acumatica ERP to manage your business operations like manufacturing, distribution, and others besides financials.
QuickBooks and Acumatica ERP are designed for different purposes, so it could be daunting to explain its real, side-by-side comparison. We did our best job to outline the difference between the two to help you understand why it is ideal to switch from QuickBooks to an ERP system. Here you go!
The Significant Difference Between Acumatica ERP and QuickBooks
- Accounting Solution Vs Full-Scale ERP
QuickBooks comes with basic accounting tools that allow you to handle accounting functions in a modernised version of spreadsheets. In the basic version, you don’t get functionality beyond accounting such as CRM, inventory management, payroll, or extensive support for industry-specific requirements. As a result, QuickBooks is an accounting solution, not a full ERP solution.
On the other hand, Acumatica ERP is a full-scale and centralised solution that goes far beyond accounting and provides you with the robust tools to help manage all your business processes within all departments across the organisation. Specifically, when a business grows, it becomes essential to simplify data flow between departments and manage everything with a single source of the truth.
- Accessible through the Internet Vs True Cloud Solution
‘True Cloud’ means all the functionality is designed and can be accessed through the internet, with no additional software licensing. Though QuickBooks Enterprise is accessible through the internet, it is acknowledged that it isn’t a true cloud product.
On the contrary, Acumatica ERP is a true cloud-based solution with best-in-class functionality and usability that you can access on any web-enabled device and internet connectivity, without any restrictions.
QuickBooks may work well for accounting purposes in the beginning but it just limits to a maximum of 30 users. When your business starts to grow, you need to switch to a different business management solution. Although it supports multi-currency, it doesn’t support several companies, suppose we say, if you’ve less than 30 employees or if you need to operate multiple locations, QuickBooks won’t work best for your particular needs.
Acumatica ERP supports both multi-currency and multi-location, with unlimited users. Despite paying for each user you add; you will be only charged for resources you have consumed. The user structure is something that sets Acumatica ERP apart from QuickBooks or other accounting solutions like Tally, MYOB, and SQL Accounting.
- Full Relational Database Export
QuickBooks utilises a proprietary database and needs a third-party utility to access the underlying database. Many financial management solutions are designed with superior databases, including Microsoft SQL Server, Oracle, or SAP HANA. However, many users are inclined towards scalable ERP solution to manage all aspects of business operations.
Choose a Solution Built for Long-Term Growth
You might have understood by now that it is best to invest in a reliable solution like Acumatica ERP to boost your business growth without limitations. QuickBooks and other solutions may not satisfy your business needs as a whole, which may lead to high costs and incomplete tasks.
QuickBooks is a basic accounting system which can be further upgraded to QuickBooks Enterprise for more functionality. However, even with additional features, it doesn’t measure up to the performance and integrated Acumatica ERP system. Its true cloud capabilities, scalability, and flexible licensing options stand out from the rest.