Migration tools to move away from QuickBooks are available. Smelling the opportunity, resellers and partners for these products (like me) are popping up everywhere. These applications have been built from the ground up and support a better, more flexible web-based architecture. Intacct and NetSuite are targeting the next level - those companies that employ controllers or CFOs, are growing, have multiple users and need advanced tools like sales order processing, purchase order, inventory and warehouse management, workflows, automation and more complex reporting for cash flow and consolidations. To oversimplify, Xero, FreshBooks and QuickBooks Online are arguably geared to the basic bookkeeping/invoicing/bill-paying customer – the startup, the very small micro-business, the mom and pop. There are others but these, in my opinion, are the big players right now in the cloud accounting/ERP market. There’s NetSuite and of course there’s QuickBooks Online. And Intacct, which has received multiple rounds of financing over the past few years. There’s Xero, which just raised $150 million in October. And you’re going to discover there are some interesting alternatives.
And you’re going to take that opportunity to look around. In the next few years it’s inevitable that you’re going to replace your on-premise QuickBooks system for something cloud-based.
#Support for quickbooks 2014 ending software#
“VCs are not investing in premise software companies any more.” “There are so many advantages of a cloud solution that I personally don't see how these on-premise systems can move into the future,” said Rob Reid, CEO of Intacct, an online financial management application. It’s a more profitable and more productive business model for a software company to distribute their products. SAP and they’ll tell you what the guys at have been saying for years: the cloud is the future for them. Emergence Capital invests in cloud based business applications and Jacobs believes the market is in its infancy. “They are basically pushing their customers into a software-as-a-service environment.” This is true. “Most of the large software companies aren’t putting many resources into on-premise solutions any more,” Brian Jacobs, a partner at venture capital firm Emergence Capital told me recently. The environment is perfect for cloud based accounting applications.Īnd it’s a perfect environment for software developers too. We admit that though no one’s infallible, the security that they provide are better than our own. And I’ve seen my own clients, small business owners who look at any new relationship or technology with a wary eye, grow more comfortable letting other companies handle their data on managed servers over the past few years. I’ve watched companies move more and more of their in-house systems to hosted ones, eliminating their servers and IT infrastructure. I’ve witnessed their ease of access from tablets and mini-laptops and even smartphones.
I’ve watched the enormous growth of software-as-a-service applications for customer relationship management, human resources and payroll. Isn’t it ridiculously obvious that within the next few years just about all of those companies will be using a cloud-based application instead? Of course it is.
More than 90% of them currently use an on-premise accounting (or financial management or Enterprise Resource Planning/ERP) application. My consulting firm serves about 600 active companies. And there are many competitors to QuickBooks standing by to pounce. That’s because the cloud has caught up to the accounting world. Why? Because as good as QuickBooks is, I believe that many of my clients are going to dump it starting this year and over the next few years. But this year we’re going to look into selling other products as well.
#Support for quickbooks 2014 ending full#
QuickBooks is by far the most popular accounting application for SMBs and deservedly so – it’s full featured, easy to use and well supported by Intuit. And most likely that on-premise solution is QuickBooks. That’s because, if you’re like most small and medium sized businesses, you’re likely using an on-premise accounting application.
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