Are you outgrowing your QuickBooks accounting software? How do you know if your firm is ready for an upgrade?
If you have a growing company with a significant amount of accounting complexity, a new cloud-based accounting system could be the right way to go. One of the more popular tools in the market today is known as Intacct (short for Internet Accounting), and if QuickBooks is feeling small to you, Intacct could be a better fit. On the other hand, Intacct is not right for every company, and it can be too much horsepower for many.
Before getting into the details, full disclosure: My company has been an Intacct Accounting Partner for several years. While it’s safe to say that I’m definitely a fan of the platform, it’s also important to point out that my primary goal is helping each of my clients use the right accounting software for them. Additionally, I’ve seen some firms struggle with Intacct because it’s been too much for them. Frankly, for many smaller companies, QuickBooks can still be a better accounting tool. With that in mind, for those considering Intacct – as well as for those who haven’t heard of it before – here are some of my thoughts on the platform, and how to determine if it might be a good accounting solution for you and your firm.