We have companies with over 30,000 transactions a month. Internally, we have data in Dynamics GP going back over 10 years, and we have customers with over 20 years of data in one company database. Small companies cope with this issue by archiving the database and starting new each year, but that eliminates their ability to do comparative reporting without regressing into manual worksheets. QuickBooks’s performance is known to degrade substantially when it exceeds 30,000 transactions. The underlying table structure of Dynamics GP along with the powerful Microsoft SQL database makes Dynamics GP scalable. Performance Doesn’t Degrade with Dynamics GP as in QuickBooks They are always looking forward to organized, logical, powerful GL account segmentation. Analyzing ( ) the GL segmentation needs of small companies upgrading from QuickBooks is usually one of our first tasks. The segmentation facilitates financial reporting which pivots around those segments. And it has safeguards to prevent the random creation of new or erroneous segments when users make entry errors. At most, you can create two segments, but there’s little control if you make a data entry error in the format.ĭynamics GP assists users in the creation of account segments so that financial data can pivot by company, location, division, department, cost center – whatever segmentation is needed. This usually results in chaos very quickly. QuickBooks allows “accounting” without GL account numbers. QuickBooks is limited to 2 General Ledger Account Segments If the standard Analysis reports don’t meet your needs, you can write a report based on inventory items that looks at vendor cost and customer price-across three modules. Dynamics GP has the ability with SmartList and SQL Reporting Services ( ) to link data across modules. Secondly, QuickBooks offers basic reports and when you want to add or change fields on those reports, it primarily looks at just the most closely-related fields. QuickBooks has neither the quantity of information fields nor the ability to add fields like Dynamics GP. The concept is straightforward: if the information isn’t gathered as you enter master records and transactions, it can’t be reported back out. There are multiple causes for the limitation.įirst of all, QuickBooks doesn’t have the ability to gather all the information you need. QuickBooks has less than 200 standard reports.

Many standard reports simply don’t exist in QuickBooks and ad hoc reporting is limited

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Quickbooks upgrade from 2014