As an accountant for a billion dollar business many times I pulled data from our Global Financial System in to Excel for data analysis. We used a Global Financial System that allowed hundreds of people to enter data at the same time. Excel is very powerful for data analysis but runs into problems the more people use it at the same time. I recommend most business to start with excel or google sheets the first year until they start having expenses or revenue almost daily. When I started my business I only had about 50 clients and a dozen expenses. I was able to use excel to do my books. As my business grew I moved onto Zoho for easier data entry and premade reports. Gooding CPA can help evaluate if you need monthly, quarterly or yearly financials as we review your taxes at year end.