Tips & Tools

Pros and cons of QuickBooks vs a proprietary accounting module

Total ETO

With users loving QuickBooks, is it really worth learning and trusting a competitor’s proprietary accounting module?

 

QuickBooks has become the #1 world accounting package for small businesses. According to Copper Mann Company, QuickBooks desktop editions remain among the most popular financial systems used by custom manufacturing job shops, largely due to the effectiveness of connecting the operational applications to an accounting solution which proves highly workable and which has strong industry support. Most users tend to love working with QuickBooks and don’t want to give it up.

 

When looking at implementing an Engineer-to-Order (ETO) solution, most customers want to continue using an accounting package they are comfortable with. Some manufacturing ERP | MRP systems offer their own accounting package but customers should be skeptical of these systems. These systems are not as robust in terms of accounting functions as an industry leader such as QuickBooks. So then why replace QuickBooks if you don’t have to?

 

No single accounting system suits every ETO business

Engineer-to-Order manufacturers are unique in their accounting requirements. While QuickBooks is the most popular accounting system amongst SMBs, occasionally a client will prefer another dedicated accounting system, such as Sage 300 (Accpac) or Sage 50 (Peachtree/Simply Accounting).  Whether it’s QuickBooks, Sage or another brand, Total ETO can integrated with your accounting system of choice. Integrating highly specialized best of breed applications allows Total ETO to focus on the unique MRP needs of engineer-to-order manufacturers, while letting QuickBooks or Sage focus on your accounting needs, to ensure you have the best of both worlds.

 

Total ETO can make life easier for accounting

Total ETO handles the most difficult daily accounting tasks with ease. Purchasing, receiving and payables batching are all detailed and managed within Total ETO. Integration or posting of summary data to the Payables module is simple. Tracking of all labor is also detailed within the system. Total ETO offers integration or posting to the Payroll module or linking to outside service providers such as ADP.

 

Total ETO also includes real time tracking and managing of your inventory including Work in Progress (WIP).  Total ETO allows your staff to purchase and sell in various currencies, converting them to your home currency for reporting. Project and job costing are done automatically virtually eliminating all the effort required in the past.

 

Life for accounting just became easier as most of the tasks are completed in Total ETO so you only have to go to your accounting package to pay invoices.

 

Less risk to integrate Total ETO to your accounting package then trust a homegrown accounting module

Since all of the accounting information is gathered and collected in Total ETO, there is no need to learn a new accounting program. Total ETO is unique in providing the flexibility to suit your accounting needs. Total ETO provides seamless integrations to QuickBooks Desktop or QuickBooks Online. Your accounting data is automatically exported into QuickBooks to pay bills, collect receivables and produce financial reports. If you are not on QuickBooks, that’s not a problem, we can integrate with any accounting package you prefer.

 

If you are interested in learning more about Total ETO, request a demo or call us at 1-855-780-8973!

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