Do you need a better way to create consolidated financial reports? Do you need the flexibility to format reports any way you want? Are you adding (or thinking of adding) an additional location and realizing that QuickBooks is not meeting your expectations?
If your answer is yes to any of the three questions above, chances are that you have outgrown QuickBooks and you are in need of a solution that can keep up with your accounting.
While you are familiar with the QuickBooks’ interface and have probably managed your accounting on there since your operation launched, it is important to remember that times have changed and your business is now headed a direction (a direction you should be proud of) that QuickBooks can’t handle.
However, many operations struggle to recognize when their business needs have outgrown this simple solution- this is much more damaging than realized. This is sometimes due to denial of their operation’s growth, as some believe that change takes too long; thinking an ERP solution is too expensive, or thinking that they will lose all of their QuickBooks history if they change systems.
But remember, the sole purpose of your operation is and should be to grow. Growth takes on many dimensions- profits, revenues, or market share, just to name a few. In our blog post “An Integrated System to Drive Operational Growth” we discussed the importance of integrating your operations systems as a core growth strategy- without this, employing people in different cities and states and having them all on same page will be too challenging to manage.
So yes, implementing an ERP solution is a natural progression from owning a limited solution such as QuickBooks. With an ERP solution you can grow your business to manage and connect information from any department, with the goal of improving effective decision making and streamlining accounting and operational tasks. An ERP solution promotes visibility throughout your entire broiler or layer operation, which is essential to having full control of all processes, and in turn for increased profit.
So if you are thinking of adding a whole new processing plant, QuickBooks’ inability to track that plant separately, while still providing consolidated reports, is simply not efficient and smart.
When you find yourself running into the stumbling blocks we have mentioned here, it is time to act quickly and adopt a more robust system. While the transition may take some adjustment, the last thing you want preventing you from growth and a much brighter future is your accounting software.
Now tell us, does your operation rely on a simple solution like QuickBooks to manage financials? If so, what issues are you experiencing that you think are holding your operation back?
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