Sage Intacct Offers Powerful Financial Reporting Capabilities
Slice and Dice Your Data Along Different Tracks
For businesses and municipalities using a cloud-based accounting platform, the question of when to move on to a more robust, feature-rich platform can be challenging.
You may want more from your accounting platform than you are getting now, but you can’t put into words what that would look like. It may be more functionality, more insight, more actionable data, or something else entirely.
Increasingly more organizations are converting to Sage Intacct, a cloud-based accounting system that offers the complex reporting metrics and data sets that growing entities need.
Growth and Complexity
For years, QuickBooks, and more recently QuickBooks Online, has been a standard accounting platform for small businesses, nonprofits and small government agencies. It serves organizations with fairly simple needs well. But when business growth, complex reporting requirements and the need for sophisticated data analytics compel users to seek a more robust platform, Sage Intacct provides a strong next step.
Intacct provides general ledger, accounts payable, accounts receivable, purchasing, order management, cash management, reporting and personalized dashboards, and other features that facilitate collaboration between departments. It’s reporting functions are GAAP-compliant, enabling accurate audit preparation.
Our clients in the healthcare and restaurant industries, as well as municipalities, are turning to Intacct for more complex data sets, reporting and analytics.
Intacct allows one small city government client to set up budgeting, analysis and fund accounting by cost center or department to track budgets for police, fire, administration, schools and public works.
In the restaurant industry, companies able to segregate their data based on restaurant concept, geographic area or by area manager. Intacct’s ability to produce data based on several different tracks allows users to apply varied metrics to see how their businesses or agencies are performing.
Intacct’s open programming interface enables it to work with dozens of integrations such as Salesforce, Certify, ADP, SAP, Concur, Bill.com and many other applications.
Are You Ready?
If you take information out of your system and report it manually, you are ready to move up to a more robust platform like Intacct.
If you currently have more than one entity or are planning to have more than one in the future, consolidations are done automatically in Intacct. You can easily run a P & L for each individual entity or all of them combined.
If you use third-party applications that do not integrate with your current platform, it’s time to consider Intacct.
Inability to sync your point-of-sale system with your accounting platform is another indication that it’s time to move on.
The one thing Intacct does not do is payroll, so if you are currently using an accounting platform to generate your payroll, you would need to transfer that function to a third-party payroll provider.
Conversion to Intacct takes approximately 60 days, with a majority of the work done by your Adams Brown team, including customer lists and data, general ledger history and financial statement data. If it’s time for your organization to move up to a more robust cloud-based accounting platform, contact your Adams Brown advisor.