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...
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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,...
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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...
Read More 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 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 This is the second post in our blog series: Best Practices for Selecting Nonprofit Accounting Software – The Importance of Documenting Your Requirements No one wants to do it but documenting requirements from process owners, stakeholders and executive leadership will make or break the selection and implementation success of...
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