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AcctTwo Blog

4 Nonprofit Management Challenges Solved for Charities & Foundations

Wealthy donors who fund most philanthropic foundations have high expectations around financial accountability, transparency, and efficiency. Cloud accounting software for nonprofit management enables grantmaking foundations and philanthropic charities to focus their time and energy on their mission. Nearly 76 billion dollars were given by charitable foundations in 2019. Seventeen percent of those charitable dollars are given to nonprofit organizations from foundations, and mostly through grantmaking, which is a lot to try to manage manually.

Topics: financial management software Not-for-Profit and Faith-Based

Jumpstart SaaS Portco Growth With Private Equity Software Solutions

Private Equity and Venture Capital firms with SaaS and subscription businesses in their portfolios face unique challenges in providing strategic financial guidance to their portcos, particularly new ones. Often, you'll find undeveloped internal controls and manual tracking methodologies that inevitably result in delayed, inaccurate financial data. In this blog series, we'll explain how investing in purpose-built, real-time private equity software solutions that are specifically designed for SaaS and subscription-based reporting and metrics can help PEs and VCs overcome these challenges and jumpstart growth.

Topics: KPI SaaS venture capital saas intelligence General private equity

Home Services Fall 2021 Release Update

We are proud to announce AcctTwo’s Home Services Module 2021 Fall release. In this release we've added new features that provide additional reporting functionality, and deposit details. This release also adds the ability to have other receipts transactions flow into the deposit manager. Additionally you can now import open items from undeposited funds that existed before Deposit Manger was installed and processing transactions. This release also includes the option to AP Payments from the refund manager into the outbox instead of processing them immediately.

In addition to these new functionalities, we have added some safeguards to prevent a couple common process issues we have seen occur when a user needs to reverse a deposit.

Topics: home services industry

Allocations Fall 2021 Release Update

We are proud to announce AcctTwo's Period-End Allocations Fall Release 2021. In this release we're adding new features that allow for more allocation pool and basis options as well as settings for how and if the allocation will process. We have added the ability to allocate to and from budgets as well as weighted average calculations. We also have added the ability to restrict or allow allocations to be run numerous times for the same period. Additionally, we added a start and end date for a given allocation to allow you set an allocation up ahead of time and not worry about it being run for a period you do not want. The end date will allow you to stop an allocation from running in a future period when it is no longer valid. Finally, we added the ability to pick and choose which dimension the values will keep from the pool versus take from the basis.

Topics: General Not-for-Profit and Faith-Based Allocations Release Update

Sage Intacct 2021 Release 3: What’s New?

This quarter, we welcomed our third release of Sage Intacct 2021! This release provides deeper support for our verticals and reduces manual processes with automation. Here are some major highlights:

Topics: Intacct Releases General Not-for-Profit and Faith-Based

Newly Acquired by Baker Tilly, AcctTwo to Sponsor SaaStr 2021

Houston, TX and San Mateo, CA (September 8, 2021) – Three weeks after combining with Baker Tilly US, LLP, AcctTwo, a Value-Added Reseller (VAR) of Sage Intacct and a managed services provider with proprietary solutions for the powerful cloud-based platform, will sponsor and attend the SaaStr Annual 2021 conference in the Bay Area September 27-29.

Topics: SaaS Events and Webinars General

Increase Transparency for Donors with 12 Financial KPIs for Nonprofits

Donors demand full transparency and accountability before committing funds to a cause. Nonprofit finance leaders are responsible for ensuring good stewardship of donor dollars to make the biggest impact possible. Leaders need to make sure the greatest percentage of resources goes towards the mission and not operational expenses. To help you get started, here are some sample financial KPIs for nonprofits that donors want to see.

Topics: Not-for-Profit and Faith-Based

SaaS Business Intelligence: See Us at SaaStr Annual 2021

One of our industry focuses at AcctTwo is the Software and Technology industry, specifically SaaS companies, which have very specific needs around subscription billing, customer relations, recurring revenue, and metrics.  We’ve learned over the years that the same need for SaaS business intelligence applies to just about any company that sells goods or services on a subscription basis. Sage Intacct, with its native Salesforce integration, subscription billing, revenue recognition, and contract management capabilities, has shown itself to be the ideal financial management platform for these fast-growing businesses, particularly when QuickBooks and Excel become too unwieldy to manage complex contracts and the metrics needed to run the business and to raise money for growth and expansion. 

Topics: Business Intelligence / Analytics Accounting SaaS saas intelligence General

Baker Tilly Acquires AcctTwo, the Leading Sage Intacct Partner

Acquisition of Houston-based technology and services company creates a trifecta of best-in-class technology, implementation and outsourcing.

HOUSTON (Sept. 1, 2021) – Baker Tilly US, LLP (Baker Tilly) announces the acquisition of AcctTwo Shared Services, LLC (AcctTwo). The move amplifies Baker Tilly’s robust product development capabilities and extensive digital practice. The acquisition will be effective Oct. 1, 2021.

Topics: AcctTwo News General Not-for-Profit and Faith-Based

Digital Transformation Examples: How CFOs Can Improve Performance

It’s been estimated that 75 percent of small and medium business (SMB) decision-makers understand that using digital technology effectively is key to business success, especially in today’s digital era. Finding the right solutions can help a company overcome new challenges, course correct, and better prepare for unexpected changes in business and market conditions. Here are some digital transformation examples to help you see how to empower your people and prepare for the future.

Topics: Digital Transformation General strategic CFO Not-for-Profit and Faith-Based