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AcctTwo Blog

The Hidden Costs of Quickbooks

If you're like most businesses, you've been using QuickBooks to manage your company's financials.

It's well known. It's easy. It works.

But if your business has moved beyond the entry level, QuickBooks is costing your organization—slowing growth, stalling revenue, and draining productivity. When you need deeper functionality, improved automation, more robust security, tighter internal controls, and greater visibility, it may be time to switch to a new accounting system.

Topics: Blog accounting software intuit Intacct Quickbooks Replacement SaaS software selection White Paper quickbooks Accounting total cost of ownership Awareness

Why Should You Spend Money on Software?

Don't Focus on the Software's Price-Tag, Focus on the ROI

An obvious question and subsequent discussion that comes up in this business is "How much does a software solution cost?" When a customer sees the price tag associated with any software purchase, there is an immediate, visceral, human reaction. The customer or company has most likely determined a specific budget for the new tool that's being considered, and even if that assessment hasn't been made with due diligence, there's some sort of ballpark number in most people's heads, or at least a limit, when they start to look at what's available. What often quickly gets lost is the return on investment of those solutions. 

Topics: Blog ROI return on investment accounting software information systems Software Total Cost of Ownership (TCO) SaaS accounting outsourcing Software Evaluation Software Return on Investment (ROI) Software as a service Informational Featured Posts total cost of ownership Consideration

What Is The Total Cost of Ownership of Your Finance and Accounting Function?

A few weeks ago I wrote a post about the total cost of ownership of your accounting software. As I pointed out, there are many more hidden costs of owning and operating your own enterprise accounting software than many people realize. If you haven't read that post, you might want to read it first, as this post builds on the concepts already introduced there. This post discusses the total cost of ownership of the entire finance and accounting function, including the enterprise accounting software and all the other costs.

Topics: Blog outsourced accounting accounting software shared services back office FAO Software Total Cost of Ownership (TCO) CFO F&A outsourcing Outsourcing accounting outsourcing Software Evaluation controller outsourced finance and accounting outsourced back office Accounting Featured Posts bookkeeping total cost of ownership

What Is the Total Cost of Ownership of Your Accounting Software?

As a business owner or member of the senior management team, you know that it's a good practice to evaluate multiple alternatives to a particular requirement or solution. If you are considering buying products or services from potential vendors, you probably get 2-3 quotes from different vendors, and evaluate them on the merits of their cost as well as the nature and quality of the services they can bring to the table.

Topics: Blog TCO accounting software information systems Software Total Cost of Ownership (TCO) CFO SaaS Software Evaluation Software as a service controller Cloud computing Featured Posts total cost of ownership