Acumatica Vs QuickBooks – A Practical Comparison
Not sure whether to use Acumatica or QuickBooks to address the toughest challenges of your business? A clear comparison between them shall help. QuickBooks is accounting software for small and mid-sized businesses, whereas Acumatica is designed to handle different aspects of your business. There are multiple features of QuickBooks we find in Acumatica and vice versa. This article enlists similarities and differences between the products in the comparison, intending to help you identify which one is the perfect fit for your organization.
QuickBooks Is Accounting Software with ERP Features
QuickBooks products primarily help you deal with challenges that arisen while tracking and managing your business transactions. Accounting is the most significant area of your business and QuickBooks provide you with efficient tools to ensure each of your transactions with your customers, vendors, employees, and more stays organized. The software simplifies and modernizes old spreadsheet methods so that you can keep a check on your accounts without expertise in accounting and bookkeeping.
To aim at scaling with your growing business, QuickBooks offers more robust products like QuickBooks Enterprise with important CRM and ERP features. The sophisticated version of QuickBooks helps you better manage warehouse activities, track inventory, monitor end-to-end order fulfillment, automatically enter receipts, run payroll, design state, and federal tax forms, and perform various other crucial tasks to move your business in the right direction.
Acumatica Is ERP Software with Accounting and Financial Features
Acumatica is an enterprise resource planning (ERP) and customer resource management (CRM) solution that offers you tools to manage various tasks and processes specific to your business. It is centered around small and midmarket businesses and offers features for accounting and financial management, manufacturing, distribution, field service management, customer management, and more.
The Acumatica accounting and financial management modules provide you tools for general ledger, invoicing, billing, accounts receivable, accounts payable, cash management, bank feeds, expense management, reporting, analysis, planning, and payroll. Almost all these features are found in QuickBooks too.
How Do Acumatica and QuickBooks Compare?
QuickBooks Enterprise edition has the functionality to address the needs outside accounting and financial management, such as customer management, inventory tracking, and payroll. It also supports industry-specific needs through the editions curated for accountants, manufacturing and wholesale, contractors, retail, non-profit, and the professional service industry. If your business requires tools specifically crafted for business management tasks, QuickBooks addresses your needs with the ability to integrate with various ERP, CRM, and business management systems.
Acumatica, on the other hand, offers various ERP and CRM features in addition to accounting and financial management tools for streamlining business processes. The software is more focused on business management, unlike QuickBooks, which targets every single aspect of a business transaction.
How to Choose Between QuickBooks and Acumatica?
As we have seen various features and capabilities of both the software applications, it is clear that each program belongs to a different category. Acumatica is ERP software and offers integrated tools to enable you to carry out various business processes. If you are more concerned about managing your business, Acumatica can be the tool you need.
If you are looking for a solution that gives you optimum visibility into your accounts, allows you to manage processes beyond accounting, and scales with the needs of your growing business, QuickBooks can be your choice. QuickBooks can efficiently solve your money matters, provide a good range of business management features, and can pair up with advanced business management applications to help you grow your sales and customers.
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