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Recently, nonprofits, churches, ministries, and 501c(3) organizations completed a survey identifying their concerns about using cloud accounting software. This article will cover those concerns with resolutions. The following graph displays the percentage breakout for the five concerns that will be discussed in this article.
With any good food recipe, one must have the right ingredients to provide the flavor and texture, the right combination and mixture of those ingredients, and the ability to modify the recipe to improve it or have it better fit changing needs. The cost of the ingredients can play a role in the quality of the ingredients purchased. When everything is executed correctly, those who partake of the food are rewarded with a successful and positive experience.
If you think you are outgrowing QuickBooks, then Congratulations ! Your business is growing. At this stage of your business, you could be experiencing the limitations of QuickBook’s accounting and reporting functionality, its inability to integrate with other business applications, or its inadequate database performance. These limitations are costing you time, money, and decision-making information. It is time for you to migrate to a more robust accounting software.
Is it possible to improve your financial and management reports with your current accounting software? Do you spend hours building the reports in Excel, or do you find you are not even able to build the desired reports? Perhaps the issue is your current accounting software’s architectural design.
The following are 4 major functionality differences between Intacct and Microsoft Dynamics GP to help you choose which software will be right for your operations.
July 14th-17th, 2014, was the National Association of Church Business Administration (NACBA) Conference represented by over 300 churches. These are faith-based organizations where many want to be good stewards of their resources which includes money, personnel, equipment, etc. But because of their current accounting software limitations, they are not as effective as they could be. After having migrated many churches from various on-premise accounting software into Intacct’s cloud accounting software, I have observed and heard about the benefits the churches have experienced with their new cloud accounting software.
Determining which accounting software to purchase can be a daunting task. It's challenging to obtain the information in a form that is easily comparable among the various accounting software. The best way to compare accounting software for the TCO and the benefits for the ROI is to convert everything to dollar amounts for an annual time frame. Your amounts should be calculated from a full implementation to upgrade cycle which could be as long as 2 years for some accounting software. You will find that you are not able to obtain exact amounts for various reasons, which means you will need to make estimates. Estimates are "ok" as long as they are assigned and calculated consistently for the various accounting software.