Without an efficient accounting system, growing businesses often struggle to meet their accounting needs. Spreadsheets are sometimes profitable in the initial phase of your business, but manual bookkeeping can result in lost or duplicate entries, and in the worst-case scenario, data chaos. To ensure your data is well-organized, well-protected, and available to you in the simplest and most comprehensive form, your business will need an accounting solution. This article talks about two such accounting software programs – Traverse and QuickBooks – to help you select the one that can solve most of the use cases specific to your business.
What Is Traverse?
Traverse is ERP software with an integrated accounting system, designed to meet your accounting, manufacturing, distribution, customer relationship management (CRM), and enterprise resource planning (ERP) needs. The accounting application modules include general ledger, accounts payable, accounts receivable, payroll, human resource, banking, reconciliation, and fixed assets. Other business management modules include inventory, purchase order, sales order, warehouse management, and customer communication.
Why Is QuickBooks Popular with Accountants Worldwide?
QuickBooks is accounting software with multiple versions and editions to fit the requirements of businesses of all sizes. The Enterprise edition of QuickBooks boasts of various business management qualities that place it in the same line as ERP software. The QuickBooks accounting features provide you with the ability to streamline various processes such as journal entry, accounting, invoicing, banking, reconciliation, payroll, and more. QuickBooks also offers you features for inventory management, warehouse management, order processing, informed decision-making, and improved customer service.
How Do Traverse and QuickBooks Compare?
Though both software programs offer an extensive range of features, you can find some unique features in each one of them. Tax management, for example, is one such feature. You can find robust tools in QuickBooks for tax management, planning, and filing tax forms online, whereas Traverse requires integration with other applications to meet your tax management needs.
Traverse has dedicated modules for the manufacturing and the service industry. On the other hand, QuickBooks has separate Enterprise editions for industries such as manufacturing and wholesale, non-profit, accountants, contractors, retail, and professional services.
Traverse has an integrated application for customer relationship management, while QuickBooks integrates with powerful CRM, ERP, and business management programs such as Salesforce and Microsoft Dynamics 365 for advanced customer management and service capabilities.
Traverse Vs QuickBooks – Which One to Choose?
As we have reviewed various features and applications of both the software programs, it is quite easy to differentiate them. Traverse is ERP software and provides you with integrated applications for a variety of business management processes. If you are looking for an ERP and business management software, Traverse can be the tool you need. However, the current requirements of your business can play a vital role in deciding whether Traverse will be the right solution for your business as it is a fully integrated system and offers various features that your business may not need right now. Thus, it may lead you to pay for what you don’t use.
QuickBooks, on the other hand, is an accounting solution that gives you the maximum visibility into your accounts, lets you manage processes beyond accounting, and scales with the changing requirements of your business. QuickBooks can effectively track the flow of money, provide decent business management tools, and integrate with QuickBooks services and third-party applications to help you grow your sales and manage your customers. It can be a convenient option to start with QuickBooks and add modules or services when you actually need them.
Unlock New Opportunities with QuickBooks Cloud Hosting
The legacy systems that don’t scale with your business requirements can hamper the growth of your business. Cloud infrastructure provides your software with a suitable environment to scale freely, accommodating more robust features, and delivering comparatively better performance. As a leading cloud service provider and Intuit Authorized QuickBooks Host, Apps4Rent can host your QuickBooks accounting software in the cloud. Hosting allows you and your team to access the software from anywhere and collaborate in real-time. We have created a robust infrastructure for your software with our high-performance and secure data centers and Azure, eliminating your worries regarding deployment, maintenance, and updates. Call, message, or email our QuickBooks hosting team, available 24/7, for strategic consulting and hosting plan inquiries.