Controller Small Company Review.

Our company uses QuickBooks Desktop Enterprise for all accounting purposes. We use it to create income statements and balance sheets. We use QuickBooks for tax purposes and send a QuickBooks backup file annually to our CPA, allowing them to prepare our tax return. All companies need a way to manage their accounting and track their financial transactions, including both spending and revenue. Our company is a small company of 20 employees in the aerospace defense industry. As a small company, a large ERP system is not necessary. QuickBooks Desktop Enterprise works for our small company. QuickBooks Desktop Enterprise can be used for manufacturing companies, construction companies, or any small business in any industry. Setting up and getting QuickBooks running may require a small advisory service from a professional accountant for a small business start-up or for any small business just beginning to use the accounting software.

We have not had too much growth in our company. We have stayed a small 20-employee company. Our sister company has had great growth and used QuickBooks Desktop Enterprise in the past. The sister company has since needed to upgrade to an ERP system that can handle their growth. I would recommend QuickBooks for small to medium-sized companies. At some point, you will most likely need to upgrade to an ERP system when you become a large company.

An advisory accountant was hired to set up our QuickBooks. We haven't had to hire or buy any more advisory services since our setup. I haven't set up QuickBooks from the ground up, but it looks like it would take some work, and I would recommend doing the same thing and hiring a one-time advisory accountant to get your business going. For all future accountants , they will be able to take what your company does and keep going with it. QuickBooks does take some accounting knowledge to use, and even accountants who have never used it before will need some training and time to learn the system.

Once set up, QuickBooks provides valuable insights into your company's past performance. We use our forecasting tools in Excel. I believe there are some forecasting tools in QuickBooks, but they are not particularly effective, and we primarily use QuickBooks to review our past performance.