"I had to log in and out of companies all the time and log entries two or three times." "QuickBooks was becoming overwhelming in and of itself," Cooper said. The company's controller, Kadidia Cooper, had to set up a separate database for every location and physician. As the healthcare company expanded to include five practices across four companies, its needs became more complex. The story of MyDocPlus shows how using QuickBooks for multiple entities can hinder growth. Disadvantages to using QuickBooks for multiple entities In some cases, companies need to hire additional accounting employees just to keep up.
It can also be a hindrance to company leaders who need their accountants’ attention to be focused on business strategy, not the constant wrangling of inefficient software. That waste of time and energy can quickly become a problem for accountants who are already challenged to keep up with the day-to-day operations of multiple entities. Each company requires an additional subscription, and you need to constantly switch between accounts to manage entries. The process requires creating each entry separately and is cumbersome and time-consuming. With QuickBooks Online, users cannot post entries between multiple entities.
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The need to work remotely during the pandemic accelerated the need for software employees can access anywhere, leading more organizations to move toward solutions like QuickBooks Online.
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It also lacks the flexibility and scalability of cloud-based accounting solutions. You need to install it on each individual desktop, making it difficult to share information between multiple users as your company grows. It was just not designed to handle the automated accounting requirements needed to manage multi-entity accounting, without making the user jump through multiple hoops just to complete routine work. QuickBooks Desktop can crash if too much data is added to it. QuickBooks is a popular small business accounting software, but many users find they outgrow it quickly, especially if they're on the desktop version. How do you use QuickBooks for multiple entities? That's because QuickBooks was never made for multi-entity accounting. Can you use QuickBooks for multiple entities? While it's technically possible, you're likely to experience a lot of frustration as your organization grows to include many different locations or takes on additional companies.
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