While Business Central can be deployed as an on-premise or hybrid computing model, most SMB’s should have preference towards the cloud model because of the elimination of up-front investment in hardware and the cloud security benefits. The ability to scale is a key consideration for growing businesses contemplating software purchases.

With profit margins for SMB’s being as fine as they are, time wasted on determining the correct version of the truth between many data locations can be a detrimental hindrance.

This can create a disjointed business with data siloed in separate applications that do not natively integrate. Commonly, leaders within departments choose specialized software to meet their specific needs and businesses will, for example, purchase one tool for manufacturing, one for CRM, and another for distribution. Consequently, businesses are forced to seek out other solutions or third-party add-ons to handle non-accounting functions. However, as operations become more complex, QuickBooks does not have the functionality to accommodate, as it is not a complete ERP solution.

As a result of QuickBooks’ financial management strength, it has managed to gain an 80% market share between QuickBooks standard flagship solution, QuickBooks Online, and QuickBooks ADP. This is fairly comprehensive for small businesses and can fulfill the needs of many businesses for a period of time, depending on complexity of operations and industry. QuickBooks is an accounting and financial management software solution that, in addition to accounting, can handle inventory, tax filing, payroll, budgeting, invoicing, bank account tracking and reconciliation, expense management, payment processing, accounts payable, and accounts receivable management.

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