4/18/2023 0 Comments Multiledger reports wrong![]() No more investing in technology, servers, software, or IT. With Cloud based infrastructure all you need is a web browser and internet to access your financials in real time. A new generation of Cloud based financial software has entirely changed the dynamics of graduating from QuickBooks. The best way to see continued growth is to make the migration from QuickBooks to the Cloud. QuickBooks’ greatest hidden cost is it’s inability to support growth, blocking your business from gaining more profit. If stakeholders don’t have accurate and accessible data, they can’t make strategic plans for greater impact and continued growth. However, QuickBooks’ inability to grow with expanding businesses becomes most expensive when it comes to accurate reporting for stakeholders. These costs multiply by decreased staff productivity during the monthly close in response to lengthy reporting processes. Manual processes incur further costs to the business owner due to the opportunity for error when data is moved and manipulated to build reports. ![]() Those hidden costs come from reliance on manual processes to bridge the gaps created by lack of automation and integration with other applications. The hidden costs of QuickBooks begin to stack up once their performance begins to fail in the face of your organization’s growth.
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