Big News: FounderDating is joining OneVest to build the largest community for entrepreneurs. Details here
Latest Notifications
You have no recent recommendations.
Name
Title
 
MiniBio
FOLLOW
Title
 Followers
FOLLOW TOPIC

Question goes here

1,300 Followers

  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur

Should a start up start with Quickbooks or plan for growth and start with something stronger?

Some start up companies start using Quickbooks, but then quickly realize it is not strong enough to meet their needs later. Especially if they will have loan requirements or government reporting. And it is a pain to switch later - it costs time and resources when you are already in full swing. I wrote this blog post about it:erpsoftwareblog.com/2013/04/9-reasons-a-startup-should-start-with-dynamics-gp-instead-of-quickbooks-enterprise and curious on your thoughts.

15 Replies

Kate Hiscox
5
0
Kate Hiscox Entrepreneur • Advisor
Boss at Venzee
I think you have to be doing a lot of business to outgrow Quickbooks these days. And it really depends on the complexity of your company's accounting needs. I always leave that decision to the accountant or CFO!
Corey Blaser
2
0
Corey Blaser Entrepreneur
Founder at Origami
I say go with what ever works while you're in start-up stage. If you end up outgrowing it, then it means your business is working and that which software you keep your books in is a small detail to be handled later.
Ben Rosenthal
0
0
Ben Rosenthal Entrepreneur
Mac + Sustainability Coach | Communication Strategist
QuickBooks is quite powerful and, as Kate said, isn't something that many organizations outgrow. It's expensive, though. Can you afford it? You could consider an alternative like Xero that offers a 6-month free trial.
Kate Hiscox
1
0
Kate Hiscox Entrepreneur • Advisor
Boss at Venzee
I like Xero - now that the purchase order feature has been added but their reporting is something our CPA pushed back on. Probably just a matter of choice but I think that's why its key to involve your finance/tax pro in that decision.
Elizabeth Charnock
0
0
Elizabeth Charnock Entrepreneur
CEO at Chenope
Cataphora was in the low 8-figures of revenue year after year, and also had foreign subsidiaries to deal with. We always used QuickBooks without issue. My advice: worry about the competence of the finance people if you are doing largish scale cash flow management, not about QB.
Gregg Wurster
2
0
Gregg Wurster Entrepreneur
President at Pacific Heights Advisors LLC
Quickbooks is totally adequate for most early stage companies. Perhaps more important, it's the most common software that part-time bookkeepers will know how to use. It's also relatively easy to convert from Quickbooks to other software when the need arises.

Net, Quickbooks is your go-to for several good reasons.
Makori nyamwange
0
2
Makori nyamwange Entrepreneur
Training Officer at K-Electric
Thank you i will be great to train our people more about Dreams dreams are a another idea to work on it
Makori nyamwange
0
3
Makori nyamwange Entrepreneur
Training Officer at K-Electric
O key let as flow our ideas to train mostly our youths to know our to work with groups
Robert R. Tillman
1
0
President and CEO, RRT Partners LLC
I have run a 150 person company with Quickbooks with absolutely no problem. I have yet to meet a start-up company where it is not sufficient.
Robert R. Tillman
1
0
President and CEO, RRT Partners LLC
I have run a 150 person company with Quickbooks with absolutely no problem. I have yet to meet a start-up company where it is not sufficient.
Join FounderDating to participate in the discussion
Nothing gets posted to LinkedIn and your information will not be shared.

Just a few more details please.

DO: Start a discussion, share a resource, or ask a question related to entrepreneurship.
DON'T: Post about prohibited topics such as recruiting, cofounder wanted, check out my product
or feedback on the FD site (you can send this to us directly info@founderdating.com).
See the Community Code of Conduct for more details.

Title

Give your question or discussion topic a great title, make it catchy and succinct.

Details

Make sure what you're about to say is specific and relevant - you'll get better responses.

Topics

Tag your discussion so you get more relevant responses.

Question goes here

1,300 Followers

  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
Know someone who should answer this question? Enter their email below
Stay current and follow these discussion topics?