Good News or Bad News? What does the sale of Abila mean for MIP Fund Accounting Users? It all depends. It depends on where MIP Fund Accounting fits in the overall strategic goals of its new owner Community Brands. For example, is Community Brands interested in becoming a market...
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Financial dimensions in Intacct are what allow the system to create reports with greater operational context. However, if your organization receives a lot of grants from multiple funding sources, the manual entry of tagging these entries may prove troublesome. Thankfully, Intacct prefers to increase efficiency and reduce errors. That...
Read More Have you ever had the issue of a vendor payment term or print name being changed unexpectedly without your knowledge? Has this caused strain on your relationship with your vendors and confusion among your staff? With Intacct, you have the ability to determine the what, who and when of...
Read More Is a dashboard a dashboard if it doesn’t have charts or graphs? According to dashboard experts like Stephen Few, who has authored several books on dashboard design, the answer is no. In the book, Information Dashboard Design, Mr. Few states that, “a dashboard is a visual display of the...
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There’s never been more accounting software or enterprise resource planning (ERP) systems than there are today, with several claiming nonprofit expertise. However, QuickBooks has become the most popular accounting software for nonprofits without even trying. Why then are so many nonprofits moving away from QuickBooks? Is it because QuickBooks...
Read More Intacct has a unique General Ledger feature that I have not found in any other ERP system. The feature that I am referring to is Adjusting Entry. No, this is not your typical General Journal entry that one makes by selecting the Journal Entry menu item. Rather this is...
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Increasingly we come across businesses that have not upgraded their accounting solution in a number of years, despite the fact that their ERP is not delivering all the functionality needed. In many cases, it is because of one key feature they do not want to lose. To some extent,...
Read More This is the seventh and final post in our blog series: Best Practices for Selecting Nonprofit Accounting Software The typical accounting software lifecycle is 5-10 years for nonprofits, so you’re looking at a long-term investment. Keeping your new accounting software viable is achieved by implementing upgrades and proactive maintenance....
Read More This is the sixth post in our blog series: Best Practices for Selecting Nonprofit Accounting Software Congratulations! You’ve decided upon the right accounting software for your nonprofit, gotten approval from your board and signed on the dotted line. This is truly an accomplishment, but now is when the rubber...
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QuickBooks is an amazing tool for managing businesses and even nonprofits in the early stages of their organizational development. It’s well known. It’s easy. And it works. But when your church or nonprofit begins to grow and take on more and more complexity in reporting requirements, fund accounting, and...
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