By now, you’ve probably heard that QuickBooks will be discontinuing their 2018 desktop products by the end of May. This means, after May 31, 2021, access to add-on services will cease for QuickBooks Desktop for Windows 2018 which includes all versions of QuickBooks Desktop Pro, Premier, and Enterprise Solutions v18.
To help fully understand how this affects you, we’re going to break it down while exploring what options are available to you, like NetSuite for example. Please read on to learn more.
What Does Service Discontinuation Mean?
Basically, you will no longer have access to QuickBooks Desktop Payroll Services, Live Support, Online Backup, Online Banking, and other services through QuickBooks Desktop 2018 software after May 31, 2021. This also means you’ll no longer receive critical security updates starting June 1, 2021.
While you may continue to work with QuickBooks, you will need to upgrade your software by the end of the month. When considering this route, you will need to take into account the price increase, headaches of migration, and general time to learn a new product.
With that said, this might be the best opportunity to try something new.
NetSuite provides a suite of cloud-based financials / Enterprise Resource Planning (ERP) and omnichannel commerce software that runs the business of more than 21,000 customers in more than 200 countries and territories. It’s an option that offers everything QuickBooks does and more with no expiring products or price increases for product updates.
NetSuite grows with your business, offering flexibility thanks to its cloud-based software. Having a well-implemented cloud-based system allows financial activities to appear as soon as they are triggered, which means the decision makers can quickly act upon both adverse and favorable performance indicators.
Other benefits of NetSuite versus QuickBooks include:
Increased Visibility: Keeping one set of data in QuickBooks, and storing critical updated information elsewhere, results in complex systems, conflicting data, and a severe lack of reporting. NetSuite’s cloud-based management system keeps every user and application in the same data repository. All data is updated in real-time, keeping everyone on the same page with minimized errors and allows for comprehensive insights across all business units and facets of your business.
Increased Efficiency and Sales: With QuickBooks, your business can’t be agile and responsive. NetSuite provides E-Commerce, CRM, ERP, Inventory Management, Billing, Revenue Management and HR in one centralized cloud platform, making your business freer and faster.
Business Growth: NetSuite has proven that one streamlined software suite will support your growth and offer scalability as your business grows, ensuring that your data is up-to-date and accurate across the company, essentially ensuring that NetSuite is the last system your business will ever need.
Should You Make the Switch?
1.Take the time to understand your business needs and key business requirements.
2.Consider how much you are using QuickBooks vs. other applications and spreadsheets.
3.Analyze the amount of time, effort, and money your company will be allocating to a QuickBooks upgrade/migration. Will this be something you will have to do again in the future? Is it worth it?
The end of life for QuickBooks 2018 is coming up fast, now is the time to explore a more effective and efficient solution. Take a free product tour with NetSuite and see if their cloud-based products and services are what you need to grow and scale your business right.