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AcctTwo Blog

Sage Intacct's 2018 FAQs & Resources for Getting your 1099s Done

Your Best Option for Getting Your 1099s Done Quickly

With the 1099 season upon us, we’ve compiled a list of frequently asked questions to help you tackle all of your 1099 forms and reporting with Sage Intacct's Financial Management software.

Topics: 1099s back office Taxes Income Taxes compliance Awareness Sage Intacct Accounting SaaS 1099 FAQs

What to Do If You Missed the 1099 Deadline

If you missed my post a couple of weeks ago about the 1099 deadline, or if you simply fell behind and didn't get all your 1099-MISCs out the door to your vendors by the February 1st deadline, don't despair. The world is still turning and life is going to go on. It's not the end of the world, and you can still get yourself in compliance relatively easily. Doing nothing because you think it's too late is not a good option, though. That can get you into trouble with the IRS.

Topics: 1099s back office Taxes Income Taxes compliance Awareness

1099 Deadline is Approaching

February 1st is the deadline for submitting 1099s to recipients. If you are a business owner, CFO, Controller or responsible for your company's accounts payable department or tax filings, you may know that 1099s are an informational return that is required to be filed with the IRS to report individual income that is not reported on a W-2 as wages, salaries or tips. There is often some confusion about the 1099 process and related rules, and the February 1st deadline sometimes sneaks up on companies.

Topics: Blog 1099s Taxes compliance Awareness

Spreadsheets in Finance: Manual rollups, errors, needless complexity, and simplistic reporting

We've posted before about the dangers of Excel-based reporting and other spreadsheet pitfalls in finance and accounting. Spreadsheets are an indispensable tool for some personal productivity and job functions, but they can be a hindrance to effective processes and controls in finance and accounting departments.

Topics: Blog spreadsheets accounting software White Paper Excel Featured Posts Awareness

Church Accounting Basics - Part 4: Employee - To Be or Not to Be

Why does it have to be so complicated?

If your church is anything like mine, you are constantly trying to navigate the requirements of our nation’s employment laws. When researching the topic of “employee versus independent contractor,” what I find is consistently inconsistent. It’s easy to get lost in the lack of interpretation.

Topics: Blog Fraud Faith-Based internal controls Informational Featured Posts Church Accounting Basics Awareness Employee vs. Contractor

Church Accounting Basics - Part 3: Internal Controls Keep Fraud at Bay

“What happens in accounting, stays in accounting.”

If your finance team’s motto goes something like this, you might have an internal controls problem.

Internal controls are put in place to clearly define proper procedures for finance and accounting team members, to minimize risk, and to alleviate suspicion. Even churches must mitigate risk and ensure that policies and procedures are in place and functioning as intended.

Topics: Blog Fraud Faith-Based internal controls Informational Featured Posts Church Accounting Basics Awareness

SPI Research: Professional Services Market Still Growing, but Also Faces Challenges

Last year, we posted a white paper from Service Performance Insight (SPI Research) that made the announcement, "The Professional Services Market is Back!" That document described not only the state of union for PSOs, but also recommended the Key Performance Indicators (KPIs) that Professional Services organizations should be measuring in order to maintain growth and organizational health.

Topics: Professional Services Industry White Paper Financial Analysis, Ratios and KPIs Awareness

Church Accounting Basics - Part 2: Church Audits

Know the 4 V's

Depending on your role at the church, you’ll hear the word “audit” and come to one of two conclusions:

If you’re the finance manager, you understand the need for the substantiation of the integrity of the data — even though an audit can add to your already busy workload.

Topics: Blog Faith-Based Informational Featured Posts Church Accounting Basics Awareness

Blessed are the Flexible! Part 4 - Analytics

This is Part 4 of our Blessed are the Flexible Series. Click here to read Part 3 about Accountability.

Being good stewards of the resources God has provided is not just something we hope we can do. It is required for operating more effectively and efficiently. The concept of being effective and efficient is the cornerstone of a business’s ability to be profitable or not. Even though churches do not exist to make a "profit”, we must make good, educated business decisions so that every dollar spent fulfills the church's mission. Businesses determine their effectiveness and efficiency by measuring performance against targets, goals or previous performance. 

Topics: Blog management reporting Faith-Based Blessed are the Flexible Awareness

Software CEO / CFO Outlook 2015

The fourth annual Software CFO/CEO Outlook Report is out for 2015. From a high level overview of industry trends to drilled-down views of specific concerns and tactics sliced by company size, the study by Sand Hill Group's CEO M.R. Rangaswami is an invaluable tool for any company in the software and technology industry. The report describes two major themes in the survey data:

Topics: Blog White Paper Software and Technology Industry Awareness