The key to driving an organization towards prosperity is good financial management software. QuickBooks, widely recognized for its user-friendly interface, is ideal for small and medium-sized businesses. However, as companies expand, QuickBooks becomes insufficient, requiring a more advanced solution.
Citing inefficiencies in QuickBooks, most businesses are shifting to Sage Intacct. Sage is a robust, cloud-based platform that aids the financial workforce to boost efficiency. This helps to meet the evolving requirements of expanding operations. Additionally, Sage offers new features created to simplify complex financial processes.
Switching to Sage from QuickBooks empowers businesses to achieve scalable growth. It provides better financial visibility, reduces manual work, and drives data-based decisions. This guide discusses the top 6 reasons why migrating to Sage is a boon for businesses seeking growth and expansion.
QuickBooks: pros and cons
QuickBooks is widely recognized for its ease of use and affordability. Small businesses use it for their regular financial transactions. Here is a list of its advantages:
Pros of QuickBooks:
- Simple Interface
QuickBooks provides a straightforward and intuitive interface. Users who lack an accounting background can also learn to use it with ease. Due to its hassle-free navigation, businesses use it for their regular accounting tasks effortlessly.
- Cost-friendly for Small Businesses
QuickBooks is known for its affordable pricing options. Small companies and startups often select it for its reasonable pricing. It provides crucial accounting features at a budget-friendly cost.
- Primary Accounting Functions
QuickBooks comprises reports like expense tracking, invoicing, and primary financial reports. Such features address the requirements of business accounting. It offers a robust platform for handling regular finances.
However, QuickBooks shows its limits when businesses expand.
Cons of QuickBooks:
- Limited Growth Potential
With the growth of businesses, the use of QuickBooks becomes a challenge. As business operations become complicated, QuickBooks fails to scale operations with ease. Bigger companies often encounter inefficiencies and require additional systems.
- Fail to address Complex Business Operations
QuickBooks is incapable of handling advanced accounting tasks. It does not support multi-currency and multi-entity management. Complex reports are beyond its capacity.
- Limited Consolidation Features
QuickBooks fails to properly merge data from different entities. Data integration is difficult for businesses with several divisions. This leads to delayed reporting and impacts business decisions, too.
Sage Intacct: pros and cons
Sage Intacct provides the tools businesses need for long-term growth and smooth operations. A business’s complicated accounting needs are met by this powerful financial management software. Here are the advantages:
Pros of Sage Intacct
- Improved Financial Management Capabilities
Sage Intacct addresses advanced accounting requirements. It organizes data in a multi-dimensional format. This structure allows comprehensive financial reporting and monitoring. Furthermore, Sage helps businesses to handle complicated financial activities with accuracy.
- Adapts to businesses of all sizes
Sage Intacct supports business expansion. It fits both large and small-sized companies. To address their evolving business requirements, companies use this tool as a sustainable financial solution.
- Advanced Reporting and Analytics Tools
Sage Intacct offers real-time, detailed financial reports. It empowers decision-makers with precise and on-time data. Furthermore, this financial tool aids in effective strategy building with advanced reporting tools.
Cons of Sage Intacct
- Larger Initial Investment
Sage Intacct is more costly than standard accounting software. Hence, businesses with restricted budgets can find it costly. Its higher price makes it harder for startups to access.
- More Complex to understand
Sage Intacct takes a longer time to learn. Users need training to use its enhanced features. Learning the platform takes extra effort due to its complexity.
QuickBooks vs Sage Intacct: Why Sage Intacct is the better choice?
Choosing the right accounting software is crucial. It should address present business requirements and support future business expansion. When compared to QuickBooks accounting software, Sage Intacct offers several advantages.
Here is the list of reasons why Sage Intacct is a better solution:
Reason 1: Flexible Cloud Platform
Sage Intacct offers a cloud-based platform that is simple to set up, adjust, and maintain. Users can get real-time data from any desired location. The cloud provides automatic upgrades, quick setup, low downtime, smooth integrations, and worldwide access. With more users, transactions, and entities, Sage Intacct expands with ease.
Reason 2: Effective management of Multiple Entities
Businesses with multiple entities experience difficult scenarios. Currency conversions, financial consolidations, and inter-entity transactions are all automatically handled by Sage Intacct.
It makes entity configuration easy by adapting to present structures and rules. These functionalities simplify business operations far better than QuickBooks accounting software.
Reason 3: Improved Multi-Dimensional Reporting
Sage Intacct monitors financial data across several sections, like departments, projects, and expense units. Users label transactions to evaluate data in various ways. Role-specific dashboards and KPIs help decision-makers act quickly.
Reason 4: Manual Process Automation
QuickBooks mostly depends on manual workflows. Sage Intacct, on the other hand, automates key financial tasks like revenue recognition, billing, and alliances. As such, automation saves time by 66%. It provides teams with time to concentrate on strategic business tasks instead of recurring activities.
Reason 5: Instant Dashboards and Analytics
On-time decisions need the latest data. Sage Intacct offers personalized dashboards, live reports, with visual data insights. For data-driven decision-making, users can monitor trends and key performance metrics in real-time. QuickBooks, however, does not have such improved reporting features.
Reasons to switch from QuickBooks to Sage Intacct
For small businesses with little accounting needs, QuickBooks is perfect. However, as businesses expand, Sage Intacct offers the improved features needed to sustain business growth.
Here is the list of the reasons why businesses migrate from QuickBooks to Sage Intacct:
High Scalability and Improved Functionality
Sage Intacct provides flexible data structures and adjustable reporting tools. These features rank Sage above the basic functions of QuickBooks. Sage Intacct grows smoothly with your business and supports advanced financial needs.
Improved Efficiency and Automation
QuickBooks manages workflow manually, while Sage automates it. Due to automation, minimal errors, simplified processes, and time savings are possible. Finance teams move from routine work to strategic projects, boosting efficiency.
Advanced Analytics and Financial Transparency
Sage Intacct provides live visibility of financial data from different locations and entities. Leaders receive immediate, practical insights from its robust reports and analytics. However, such detailed data integration and reporting are unavailable in QuickBooks.
Assistance for Complicated Business Practices
Sage handles complicated accounting tasks with ease, unlike QuickBooks accounting software. It manages revenue, projects, multiple entities, and global consolidations on a single platform.
Securing financial operations for the future
Sage Intacct assists companies in adhering to evolving industry standards, technological advancements, and compliance regulations. Regular updates keep businesses current and running efficiently.
Seamless Integration with Other Business Systems
Sage Intacct connects easily with CRM, payroll, and ERP systems. This builds a unified system, which QuickBooks cannot integrate as smoothly.
Also Read: 5 Reasons Why Migrate From Sage 50 to Sage Intacct
When to use Sage Intacct vs. QuickBooks?
QuickBooks is ideal for small businesses and startups with limited budgets and basic accounting requirements. It offers a reasonable and seamless platform for use.
But, as businesses expand and grow, QuickBooks becomes unfit to handle evolving complexities and processes. Nonprofits and other organizations with complex accounting needs gain more from Sage Intacct.
Companies move from QuickBooks to Sage Intacct when manual work grows and reporting falls short. Fast business growth needs a system that can scale and adapt. Sage Intacct provides such competencies, making it an ideal choice for different business requirements.
Conclusion
QuickBooks is the perfect starting point to manage financial operations for businesses. Nonetheless, Sage Intacct is perfect for companies looking to enhance their financial management. Its strong features, flexibility, and automation help businesses grow steadily. Moving to Sage Intacct helps organizations stay competitive and grow in a changing market.
In this guide, the key benefits of migrating from QuickBooks to Sage have been shared. Still, in case you have any doubts or queries, feel free to reach out to our team of experts. Call our team of QuickBooks professionals only at +1-800-829-8610.
Frequently Asked Questions:
Q1: Is Sage Intacct ideal for small businesses?
Ans: For mid-sized businesses with complicated requirements and multiple entities, Sage Intacct is ideal. Small businesses with simple accounting needs often find QuickBooks Online affordable and enough for managing finances. Sage is more ideal for bigger businesses with more advanced financial requirements.
Q2: How much time does migration from QuickBooks to Sage usually take?
Ans: For simple setups, migration takes about 2-3 months, including setup, data import, testing, and training. For complex businesses that have advanced integrations, several entities, and huge workflows, 4-6 months are needed. For a proper and precise transition, this much time is crucial for complex businesses.
Q3: Which data is shifted from QuickBooks to Sage Intacct?
Ans: It is possible to transfer customers, open AR and AP balances, historical financial data, the chart of accounts, vendors, and GL transactions. But reports, custom workflows, and automations need manual configuration in Sage Intacct’s setup and reporting systems.
Q4: What are the key issues during the transfer?
Ans: Data cleanup, reorganizing accounts, managing multiple entities, and redesigning workflows can be difficult. Inaccurate data and a lack of migration help can result in reporting errors and post-migration delays.
