The accounting and bookkeeping reports you review help you monitor your business success and progress from the inside. There are ways you can monitor what’s happening on the outside, too.

​More businesses are making the switch to cloud accounting. To be sure, Founder and CEO of Saugatuck Technology Bill McNee has made the claim that by this year, “over 60 percent of enterprises will have half or more of their infrastructure on cloud-based platforms.” 

While we don’t have an exact date for the origin of bookkeeping, it is believed that bookkeeping was an established practice as early as 2600 B.C., with Babylonian records providing evidence that financial transactions were indeed recorded. Over the years, the practice of recording the day-to-day economic happenings of a business became commonplace. Today, owners of businesses large and small recognize the value of thorough bookkeeping.

Paying for an accounting system that’s more sophisticated than what your business needs doesn’t make sense.

​Yet, many small businesses find themselves in this position.

Being mired in accounting software woes can feel like you’re stuck in a pit of quicksand with no one nearby to throw you a rope and pull you to safety.

Many small and medium-sized business owners wonder how they’ll overcome the obstacles they face from their complicated accounting system without help from an experienced IT person. ​

Growth is both thrilling and terrifying to business owners. Upgrading existing systems to scale up business operations brings a lot of new and intimidating challenges. Combine that uncertainty with the seriousness of dealing with the financial functions of your thriving company, and you have a surefire recipe for executive anxiety.

​Having to switch systems to accommodate the needs of your rapidly growing company can be scary at best and crippling at worst.

It happens to even the smartest business owners – you buy an accounting software license thinking that it will address all of your financial needs, and then regret sets in.

​​You have this overwhelming feeling of dread that you made the wrong decision. The system you’re using seems far too complicated for your relatively simple needs, and you’re left wondering how you can undo this colossal mistake.

After working 10 to 12 hour days in operations, including bookkeeping, balancing books, payroll, accounts payable and accounts receivable; would you be better off hiring a professional accountant or bookkeeper?
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The benefits of software programs seem obvious with an appearance of more control, low cost, and privacy. Relying on software or a DIY solution might be against your best interests for financing, selling a business, audits and making excellent business decisions.