How do you know if you’re outgrown your accounting system?

Some of the telltale signs are:

• With more people using your system, it seems to be sluggish or in some cases won’t even let 2 people do the same tasks at the same time.
• The types of reports you need as your business grows are not available or you lack confidence in the reliability of the figures.
• You are relying on reports prepared from Excel which are manually input from more than one source.
• Payroll takes more than 30 minutes each week.
• Customers and prospects are recorded and updated in more than 1 location, e.g. Accounting System, MS Outlook and a CRM system.
• You are nervous about fraud as sales invoices have mysteriously disappeared from your system.