I had few expectations for this product as my accounting and finance training was in large companies with multi-million dollar systems running on massive SAP & Oracle databases. So moving to found my own business meant learning a lot of new infrastructure, including our financial support.
Quickbooks consistently impresses me with its ability to do what I need. For a small company, it provides a great deal of features and flexibility- you really can do an awful lot with the product. I am pretty confident that it will carry us through multiple offices, out of state locations, etc.
You definitely need some accounting background (in my opinion) to try to dive in and use it; because it's so rich, and can do so much, I can't imagine trying to start using it without that background. I did go to a class through the SBA to get a quick primer on how to post transactions and such, which was useful.
You can accomplish the same thing many ways in the system, which is both good and bad: the flexibility is nice, but it means that the user has to be disciplined about developing a consistent process. That's not a problem, just a quirk; were Intuit to provide "templates" (not really "recommendations" b/c that might be "advice") on how to post things, that would be useful.
Again, I'm just starting to explore what can be done with the tool, but am very satisfied with the results and look forward to learning more about the product.
Tim Keohane
VP Finance & Operations
Senior Educators
www.senioreducators.org
Get more detail about QuickBooks Premier 2005.
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