Sam bank an fried used quickbooks on his multi billion $ business. Good enuf for me ;)

I have clients i do the bookkeeping for in qbo and xero, i really prefer xero and only allow qbo if they need it for some reason.

sage comes in handy

I’m seeing a lot of QuickBooks answers. Is there a point where you might switch from a smaller player like Freshbooks or Wave and move to QuickBooks?

Xero is slightly better than quickbooks. However US businesses prefer qb. It’s up to you. I advice hire good bookkeeper than doing yourself. Ping me if any questions. Happy to guide.

I use Quickbooks for both of my companies.

Outsource bookkeeping to someone good, it’s worth the investment in having clean books.

Quickbooks all the way!

also, Wave is trash.

Depends. What’s the business? Manufacturing requires a lot more than qb IMO but it can be done.

Quickbooks can be good enough. At 1-5 million you need at least one staff member responsible for entering information into QB. Could be anywhere from a clerk to a CFO. Accounting is a hard profession to recruit in.

We are hitting growing pains with QB right now and we are slightly larger than 1-5. Between 1-5 it had its issues but was fine.

I used quickbooks and then hired a company overseas to do it. Saved me tons of money

We commonly see businesses in this range use QuickBooks and, depending on the founders’ background and priorities, start to consider a fractional CFO.

As an accountant that runs his own practice, I can confirm QuickBooks is utter trash, Xero is a million times better for SMEs.

I’d have a local bookkeeper that understands your local taxes. I’m sorry but 99% of offshore bookkeepers say they know your tax system but they don’t. Pick someone that lives it the same way you do.

Some people have said the had a CFO that did the bookkeeping for them as well. That’s mental if you’re paying them by the hour. Utilise their time for strategic advice, not bank recs!

Fractional CFO/accounting firm with Quickbooks and a payroll provider, but we had some complexities to our products (B2C Fintech).

We used QB past the $20MM mark.

IF you dont mind me asking what is your LOB and does it require pulling numbers from different systems ?

Outsource QBO (not QB desktop) or Xero.