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Steven_ZA
June 1, 2021
Solved

Quickbooks Limits - High Volume Transactions

  • June 1, 2021
  • 1 reply
  • 0 views

We're currently looking for a cloud accounting platform for our business. The issue we're encountering is that many platforms have limitations on the number of transactions. We currently do around the following per month:

 

Around 3,000 bank transactions
Around 7,000 - 10,000 customer invoices (mostly all unique customers)

 

We don't sell many types of items - only around 50 - and almost all invoices have 5 or less items on it. We also don't have many suppliers. It's just lots of customers, customer invoices and bank payments to recon each month.

 

Will we be able to use the Quickbooks platform for our business? Are there hard limits?

Best answer by RCV

Thanks for coming back and providing us in-depth details of your concern, Steven_ZA.

 

There are no transaction limits as far as performance is concerned. The transaction complexity has more impact on performance than transaction's volume. For instance, an invoice with a single item and no sales tax is less complex than one with multiple items and with sales tax applied.

 

Also, QuickBooks Online (QBO) is a web-based service and it relies on your computer or device’s processing power, the amount of available memory (RAM), and the bandwidth of your Internet connection to perform. A shortfall in any area can reduce performance. To improve performance, just follow the Why is my QuickBooks Online slow? article. 

 

Feel free to visit our Banking page for more insights about managing your bank feeds in QBO.

 

I'm just one post away if you need a hand with reconciling your accounts or any QuickBooks related. I'll be here to ensure your success. You have a good one.

1 reply

G
GlinetteC
June 1, 2021

Hello, Steven_ZA.

 

Each QuickBooks version is designed to address specific business needs. I'm sharing this article that gives you an overview of each product to help you decide which version is best for you: See which version of QuickBooks is right for you.

 

Also, check the comparison of each QuickBooks product.

 

Feel free to get back to me with any additional questions about your account. I'm always here to help.

 

S
Steven_ZAAuthor
June 2, 2021

Thanks for the reply, but I was specifically referring to Quickbooks Online.

 

The only mention I can find is limitations on the number of users, and things like Chart of Accounts, but nothing about number of invoices or customers. I want to ensure that in a few months time I won't find we hit a limit that will stop us from using Quickbooks further.

R
RCVAnswer
June 2, 2021

Thanks for coming back and providing us in-depth details of your concern, Steven_ZA.

 

There are no transaction limits as far as performance is concerned. The transaction complexity has more impact on performance than transaction's volume. For instance, an invoice with a single item and no sales tax is less complex than one with multiple items and with sales tax applied.

 

Also, QuickBooks Online (QBO) is a web-based service and it relies on your computer or device’s processing power, the amount of available memory (RAM), and the bandwidth of your Internet connection to perform. A shortfall in any area can reduce performance. To improve performance, just follow the Why is my QuickBooks Online slow? article. 

 

Feel free to visit our Banking page for more insights about managing your bank feeds in QBO.

 

I'm just one post away if you need a hand with reconciling your accounts or any QuickBooks related. I'll be here to ensure your success. You have a good one.

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