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...
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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 If you’re confused about Accounting Standards Codification (ASC) 606: Revenue from Contracts with Customers, you’re not alone. The effective date of the new revenue standard has been deferred until December 15, 2017 for non-public entities, but that still doesn’t leave nonprofits with much time to prepare. Here’s some background...
Read More This is the fifth post in our blog series: Best Practices for Selecting Nonprofit Accounting Software In order for you and your team to make a final decision on which nonprofit accounting software is right for your organization, we recommend that you have your short list of accounting software...
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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At Xanegy we’ve identified the five phases of a nonprofit software selection journey. With a major project like researching, selecting and implementing software, having a guide can help streamline the process. The five phases of you software selection journey are: Identify the problems that need to be solved Gather...
Read More In Part I, we discussed more and more not-for-profit organizations are looking to upgrade their accounting software. We also discussed the accounting software solution that these organizations are increasingly turning to is Intacct. But, why is that? Why is Intacct the financial accounting software or ERP software solution of...
Read More Having Many Ministries Leads to an Unwieldy Chart of Accounts Anyone who has worked in church finance and accounting knows that churches have unique and specific needs. Nearly all churches, especially growing ones with expanding operations, have ministries. They may have dozens, or they may have fewer than ten. These...
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