I love QuickBooks. It’s fast, powerful, and full featured. I even interviewed the guy who designed it.
But I also hate QuickBooks. In fact, it’s so complex that I hired an employee just to manage the books and run the reports.
That’s pretty sick, right? Its a $300 program that requires a $30,000 a year person to get the information into it — and back out again in a simple report. It doesn’t make much sense to me. After all, accounting software is not really about accounting … it’s about reporting. The management data is what we really want; the hassle of software is just what we tolerate to get to the information.
Most business owners would do better to have a simple “Financial Dashboard” that tells them what’s going well, and what’s not. The concept of a dashboard is great, but for too long our finanical data has been hostage to QuickBooks. (Or its first cousin, Peachtree Accounting, if you happen to be of that tribe.) Until recently, finance dashboards have been clunky, stand-alone alternatives that made more work for managers and bookkeepers.
Fortunately, things are changing rather quickly. I’m happy to report that all QB hostages can now find interesting alternatives for reporting — and for Quickbooks itself — by looking at the new finance dashboards quickly coming online.
These four are by no means the only solutions to QB jail. Accounting dashboards — or I should say, financial dashboards — are finally coming of age. Whether you build your own or buy a monthly subscription, the effort will transform the way you view your accounting information … and your business.
Dedicated to your profits,
David Worrell
8326 Pineville Matthews Rd #407
Box #473831
Charlotte, NC 28226
Phone: (980) 819-0510
© 2018-2024 Fuse Financial Partners LLC. All rights reserved.
One thought on “Escape Quickbooks Jail: 4 new alternatives to accounting software”
Barbara Metcoff says:
Hi David,
Although you wrote this quite a while ago, it is still relevant today. Which is why I think you might be interested in our reporting solution for QuickBooks. It takes all the data out of QuickBooks and puts it into a data warehouse where it can be accessed with the Excel add-in. It works with all versions and years of QuickBooks for Desktop and Online. You can even combine data from both of them. You can create custom reports and filter the data by any criteria available in QuickBooks. For more complex reports, we have a custom reporting service. If you would like a demo please let me know.