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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Intacct cloud accounting software is increasingly chosen by nonprofits to maximize their “return on mission,” including foundations, healthcare providers, associations, social services, and faith-based groups. More specifically, Intacct does this by offering three things that save nonprofits a bundle. The first is a standard discount on the software. The second...
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Technological advancement is truly amazing to behold. We have seen common cell phones evolve from simple flip-phones to handheld computing marvels in the span of a decade. Humanity has also seen the burgeoning electric vehicle and reusable spacecraft industries take flight over that same time. Although technological advancement brings...
Read More Reliable Accounting Packages – Reports You Can Trust Data integrity in your accounting system is paramount. You must have confidence your data is accurate or it becomes useless. If church leaders have to question the accuracy of financial reports, their lack of trust can force the finance team to perform ongoing research...
Read More Since Microsoft introduced Excel nearly 30 years ago, businesses and nonprofits have benefited from the power of the spreadsheet. As BI, or business intelligence, became more important, new requirements emerged. The need for unique calculations – graphing and macros (automating tasks in a spreadsheet) – became instrumental in the process of...
Read More Just yesterday, on August 19th, the Financial Accounting Standards Board (FASB) announced changes to how nonprofits present their financial reporting. This is the first change to these standards since the current rules were established in 1993. The new rules are designed to help nonprofits do a better job of telling...
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5 Things Your Finance Director Wants You To Know The nonprofit world is experiencing enormous change. More competition for funding, higher demand for services due to growing numbers of constituents and the increasing donor demand for more information with which they can be confident your organization can achieve maximum...
Read More Many Non-Profit organizations that are using Quickbooks or a similar low-end solution for their accounting software are finding that they need something more robust. The reasons for this can vary considerably. For example, some organizations need better controls. Or, maybe they need more financial reporting flexibility or easier integration...
Read More If you’re a not-for-profit and want to track the performance of each fund, program, project, and grant, you’ve been out of luck… until now. Also referred to as multi-dimensional accounting, the dimensions capability of Intacct cloud accounting software allows you to track revenues and expenses for all of your...
Read More Automatic expense allocations is a basic feature found in most mid-market financial accounting software packages. This feature allows you to gain the flexibility and value of automating a potential time consuming task of allocating various revenues and expenses across different financial dimensions. You would think that such a simple...
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