The blog that follows is an extract of a whitepaper titled “Life After QuickBooks” produced by Sage Intacct. For many small and mid-sized businesses, Intuit QuickBooks is the preferred choice for financial software in the organization’s early days—and for solid reasons. QuickBooks is well-known and easy to use, and it offers the basic functionality that almost any business can use…
The blog that follows is an extract of a whitepaper titled “Life After QuickBooks” produced by Sage Intacct. For many small and mid-sized businesses, Intuit QuickBooks is the preferred choice for financial software in the organization’s early days—and for solid reasons. QuickBooks is well-known and easy to use, and it offers the basic functionality that almost any business can use…
Preparing annual financial statements and preparing for auditors can be a stressful time for companies and it’s account staff. But it doesn’t have to be stressful There are some preparatory steps most companies can to make the process easier , quicker and more efficient. The important thing is to prepare before year end. For folks with a December year end,…
Your specialty is running your business. Leave the financial detail to an accountant. If you and your accountant use cloud-based accounting software, you’ll be able to keep track of what your accountant does, and always be able to see your company’s financial situation at a glance. We have witnessed and/or either worked with companies that have attempted to do their…
Business owners usually wear several hats. The thinking cap, the creative beret, the sales and marketing topper. Not too many want to don the green visor – the once-popular headwear of accountants. Shuffling piles of paperwork, figuring out how to enter transactions, reconcile accounts, keep track of payables and receivables, generate invoices, close period ends…all are necessary to the running…
All successful companies outgrow their accounting and ERP systems. Upgrading at the right time will ensure that the company has the right system and that it gets that system at the right price. Knowing the reasons for a new system helps define the goals and objectives that are essential to a successful implementation. The first step is to identify the…
When launching and running a business there is a lot to do. Major and minor things overlap and all take valuable time. The question is, which time-consuming thing is important. Or, at least important enough to require the time and attention of key decisionmakers. One area that is important is the accounting function. All stakeholders want to know what is…
Building out your team is one of the most important things you do at any company. Whether long-established or a start-up, your team is key to the success of your business. This is especially true at a start-up where the inertia of an existing business and business processes do not exist. They must be built. That process takes time. A lot of time dedicated…
You start your day to the news that the development schedule for your new prototype is slipping, half of your development team is out sick and you really need a working demo for your Board and a new prospective investor. It is also month-end which means the usual close process. Reconciling the bank accounts and credit card statements. Chasing down…