I would like to hear thoughts on Accounting Systems and ERP
I am considering opening up an Accounting and ERP systems practice along with my tax practice with a colleague who has a more extensive systems background. Before getting into tax, I worked at Anderson as an ERP consultant, but have been very focused on tax since leaving them. Now I am wondering if I am leaving dollars on the table.
I understand the small market is dominated by Quickbooks, which is more of an intuitive GUI bookkeeper system that doesn't rely on double-entry accounting. While there seems to be an abundance of needs at the startup level, the cost-benefit of supporting a Quickbooks practice seems low. I also work primarily with small multinationals who need more robust foreign and consolidation reporting. It seems like Sage is the cheapest product a client can get into and still have a full system. Trying to run an Oracle ERP or Microsoft Dynamics 360 practice seems overwhelming.
Any thoughts or perspectives on the market or feasibility would be greatly appreciated.
Thanks in advance.