Currently, more than 29 million small businesses choose QuickBooks for their accounting software needs, while over 800,000 utilize Sage accounting software. These two contenders both offer features such as expense tracking and invoicing, but there are key differences that set them apart from each other. Keep in mind the specific needs of your small business as you consider these offerings. QuickBooks is more well suited for a small business, while Sage is adapted for larger organizations and controller CFO-roles.
Many more QuickBooks users are often bookkeepers who don’t help make major financial decisions that determine the well-being of a business. Rather, their role is very specific and applies to the organization of expenses within a company. QuickBooks most notably has an interface where bookkeepers can input expenses, track receipts, create custom invoices and produce reports based on the information on the accounts. Another highlight is the integration of QuickBooks with many third-party applications such as Shopify, Square and HubSpot. These features, together with the user interface now familiar to many bookkeeping professionals, has continued to make it a popular choice for small businesses who need their books in order.
Setting the financial goals for your small business will greatly contribute to finding the right fit. For those who are looking for an easy, quick to learn or easy to hire out platform, then QuickBooks software will serve your small business well. If you decide, however, that you need to have more customization and options for your controller or financial officer, then Sage Accounting will prove more useful. The software you use is very critical towards how well you can manage your cash flow and month to month financing. If you feel that you are ready for a change, set some goals with what you hope to accomplish and make sure that your business is ready for that change.
Be prepared and know what to look for when you need a financial report. While both software choices may provide you with insightful information, there may be certain figures which are provided by one and omitted by another. Proper research before making a final decision in your financial needs will prove beneficial over long periods of time. Having the right accountant can help you understand what you need and why it can help you. For those already decided with QuickBooks software, we are happy to help provide training and one on one meetings to help you, or your bookkeeper better understand the software and how it applies to your small business. When you feel ready to take your business to the next level, feel free to contact us and one of our bookkeeping professionals will be able to help you with your needs.