For some businesses, a solution like Xero™ works perfectly fine, as it already has everything you’ll ever need; and that’s great. If Xero is still working for you and you don’t anticipate growing or expanding, go ahead and stay where you are. However, for many businesses who see growth and expansion (e.g., new customers, new clients, an additional hub, new office or division) on the horizon, they need something that does more than simply keep up. They need an accounting solution that fits perfectly, all the time.
The perfect fit
Your accounting solution should be like your favorite pair of stretchy pants. You know, the ones you've had since college and never let you down, even after gaining the "freshman 15". The ones that give you the extra bit of room you need to finish off your Thanksgiving dinner with an extra helping of mashed potatoes, plus two pieces of Aunt Barbara's pumpkin pie. As soon as you put them on, you feel and appreciate that perfect fit! They are your tried and true, will always grow with you, and providing the flexibility you need to tackle your daily hustle and bustle. For some, your regular pair of slim fit or skinny jeans work just fine, but they probably don't leave much room for growth.
If you think Xero might not be providing all the tools you need to grow, it might be time to look at another accounting solution like Gravity Software® (Gravity), that provides all the scalability you need to grow your business.
So what's the difference?
While both Xero and Gravity allow for an unlimited number of users, the similarities end there. Sure, Xero has dimensional reporting capabilities, but you’re limited in terms of ease of use and formatting. On the other hand, Gravity has all of the following:
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User Definable Dashboards: See everything at once, on one screen. Dashboards are easy to create, share or not share.
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Editable Screen Forms: Set it up the way you want.
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Flexible Financial Periods: Gravity supports up to 365 periods.
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Flexible, Segmented Chart of Accounts: Define your company’s reporting structure, to easily set up departments, profit centers, and divisions.
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Dimensional Reporting: Tracking locations, events, machinery, etc.
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Advanced Find: Slice & Dice Query Tool: Drill down and find what you want, when you want it, without delay or hassle. Easily search financial and operational data.
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Multi-Entity Capabilities: Self balancing entities in one database with the ability to share master files.
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Multi-Location Inventory: Tracks products wherever you do business.
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Integrated CRM: No need to manage a separate customer database with Dynamics 365 CRM.
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User Definable Security Roles: Control access to your company’s data to ensure your data integrity.
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Accountability Dashboard: Automatically calculate financial, operational and activity based metrics.
If your business is outgrowing your current accounting solution, take a look at Gravity Software. Gravity is a robust mid-market accounting software written on the Microsoft Power Platform (aka Dynamics 365). More than just accounting, Gravity provides you with the necessary tools and processes to help your business grow. Ready to experience the difference yourself? Schedule your online demo today. Just say GO!
Gravity Software.
Better. Smarter. Accounting.
This article was originally published in June 2016 and has been updated and edited for clarity