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AcctTwo Blog

AcctTwo’s Church Finances Leader Allison Webb Guests on Christian Nonprofit CFO’s Podcast

AcctTwo’s Head of Nonprofit, Allison Webb, is the latest guest on the Christian Nonprofit CFO’s podcast, hosted by David Beroth.

David’s podcast focuses on enhancing the stewardship of church finances with increased CFO insight and expanding ministry impact. Financial leaders in ministry are often ill-equipped to address, let alone overcome, the many challenges they face. Too often they pivot from crisis to crisis. In this mode they run on the tactical treadmill instead of proactively contributing strategic value to their nonprofits. Unfortunately, the full impact of their ministry suffers. Proverbs 19:20: “Listen to advice and accept instruction, that you may gain wisdom in the future.”

Topics: church accounting church ministry non-profit Sage Intacct Church Accounting Software

Client Blog: FieldFX Integration With Sage Intacct Creates Efficiencies

Special Client Guest Blog By:
Kyle Kirk, CFO, Silvertip Completions

From day one, our goal at Silvertip Completions has been to automate manual processes that are generally accepted as standard, full-time employee (FTE) driven activities by most oil and gas companies. The implementation of FieldFX, LiquidFrameworks’ mobile field operations management solution, coupled with AcctTwo’s FieldFX integration with Sage Intacct has been the largest and most successful advancement for Silvertip in that vision.

Topics: cloud accounting budgeting risk mitigation Digital Transformation business continuity

Proactive Planning Playbook Is More Important than Ever

Like many of you, I’ve been stuck at home trying to rethink my daily life under the new threat, stress, and uncertainty of the COVID-19 pandemic. Questions about how we shop for groceries, how our kids continue to get their educations, how we safely socialize, and how we don’t lose our minds during this time period have challenged us to find answers daily

And we’re the lucky ones – those of us with jobs and in good health. I’ve come to the realization that everything this year will be seen later through the lens of this crisis, including the need for a proactive planning playbook in many areas of our lives and businesses.

Topics: cloud accounting budgeting risk mitigation Digital Transformation business continuity

Why is Accounting Stuck in the 1990s?

If you were operating a business in the '90s this scenario is probably familiar: You purchase a desktop accounting software with some basic transactional tools. Then you spend dozens of hours issuing checks, recording invoices, and other basic obligations. Everything else, especially financial and compliance accounting, is sent off to your professional accountants.

This was the dominant mode of accounting pre-internet, and it didn't meet anyone's needs especially well. Business owners poured tons of time into accounting, but due to their lack of professional expertise the books were often incorrect and disorganized.

Topics: cloud accounting Managed Accounting Services (MAS)

Nonprofit Financials: Accelerate Recovery in 5 Steps

As governments around the world continue easing lock-down restrictions, executives are thinking about how to help their nonprofit financials accelerate recovery post COVID-19. Rather than hunker down, it’s time for nonprofits to take 5 proactive steps to stabilize their finances, adapt to new conditions, and prepare for continued mission success.

Topics: Not-for-profit Industry not-for-profit

SaaS Finance: Are You Sitting in a $20,000 Meeting?

Think about the last mismanaged meeting you attended. Who was in the room? How many executives were in it? Did that meeting go long, or turn into two or three meetings? Without question, every meeting needs a clear agenda. A lack of an agenda leads to disorganization, mass confusion, and meetings that are far more likely to get off track or hijacked. A mismanaged meeting leads to a black hole of inefficiencies and wasted salaries. Makes sense, right? Well, a SaaS finance meeting run using Excel as the backbone of your financial platform leads to the exact same challenges.

Topics: finance and accounting outsourcing software companies SaaS Start-Up Startup Guidance

What’s New in the Latest Sage Intacct Release for 2020?

Sage Intacct Release 2 for 2020 is now live and we are here to give you an overview of the new features or enhancements you rely on to make your job easier when it's time to pay bills, inter-entity setup and management, as well as budgeting and planning. These are just a handful of what's new in the 2020 Sage Intacct Release 2. Let's take a closer look!

Topics: Intacct Releases cloud accounting Accounting Release

Does Your Nonprofit Need More From Abila?

A few months ago, at our Faith-Based Finance Collaborative, AcctTwo's Managed Accounting Services Controller, Shelly Einspahr, and Covenant Church's COO, Brian Coleman, sat down and talked about how we work together. Little did we know back at the end of February, our world was going to change dramatically in a matter of weeks. The news about COVID-19 was still somewhat sparse, mainly impacting China, Italy, and starting to creep into California – specifically around San Francisco. Churches went from serving thousands to having to pivot and become virtual. In fact, the whole world had to pivot and become remote. Figuring out how all the pieces fit together and how to maintain business-as-usual was a challenge. Even for organizations that have had cloud-based infrastructure in place, it was still challenging at times because most of us went from working 9-to-5 to working 24/7 which included, parenting and homeschooling.

Topics: church accounting church ministry Faith-Based Church Accounting Basics Church Accounting Software

Ease Complex Billing with Flexible Project Automated Billing

“We have to do it manually” is an unfortunate phrase we hear quite a bit when our clients share their frustrations with managing their complex, multi-line project billing. If you’re recreating the same price list repeatedly or if your business model requires extensive pricing and billing flexibility, there’s a better way.

Topics: project accounting professional services Automation and Workflow Project Management and Project Accounting process automation Construction Industry Field Services

SaaS Accounting: Technology Is Great, but It's Nothing Without the Right People

It's next to impossible to overstate how much technology has (and will) change the face of business. But what is just as remarkable is how crucial the human element remains in offices around the world.

Advances in automation, big data, machine learning, and sophisticated analytics promise to make the impossible accessible. What these technologies will not replace, however, is highly-trained professionals with extensive experience and expertise in SaaS accounting.

Topics: FAO bpo BPaaS Managed Accounting Services (MAS)