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10 Signs You've Outgrown Your Accounting Software

Posted by Fara Panah, Vice President on Jan 24, 2020 1:28:39 PM
Fara Panah, Vice President
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Accounting Software is supposed to make running and managing your business easier, more efficient, and should give you visibility into your business. However, many owners are trying to run a sophisticated and complex business on rudimentary software. Their accounting team become frustrated and take too much time getting basic information. This costs owners money and does not give them real-time visibility into their business.

Here are 10 signs that you’ve outgrown your accounting software:

  1. There are continuous double entries in your books
  2. It takes too much time to consolidate financial reports
  3. Limited Users
  4. In need of audit controls
  5. High frequency of monthly transactions
  6. Takes too much time doing AR/AP
  7. No real-time accurate numbers (i.e. No knowledge of your true cash balance)
  8. Your system is too slow
  9. Overusing/dependent on excel spreadsheets
  10. Your team spends more time trying to find information, than analyzing it 

Reach out to Concentrus and we can go over your options, answer questions, and evaluate if NetSuite will work for you.

Our values of honesty, humility, collaboration, and innovation define who we are. In this day and age, it is refreshing.

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Tags: Accounting

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