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AcctTwo Blog

The 5 Questions CFOs Should Ask Their Controllers

Whether you've been in your position as Chief Financial Officer for some time or are new to the job, mitigating risk, maintaining compliance, and increasing efficiency are key objectives for your department. Ideally, you're also adding strategic value to your company, analyzing the finanical and operational metrics to help make decisions about your business' growth. Your Controller is your key resource in accomplishing many of these goals.

Topics: CFO White Paper controller internal controls

Ephor Group Chairman Garry Meier Talks About Lessons Learned in the New Economy for SMBs

Ephor Group Chairman Garry Meier Talks About Lessons Learned in the New Economy for SMBs, AcctTwo CEO Marcus Wagner talks about business process outsourcing for SMBs, Intacct Channel Executive Peyton Burch talks about the benefits of Intacct's on-demand accounting and financial management system.

Topics: Blog middle market shared services back office management reporting FAO information systems Intacct Professional Services Industry CFO F&A outsourcing SaaS Outsourcing accounting outsourcing Intacct Media Coverage Software as a service controller outsourced finance and accounting internal controls Cloud computing outsourced back office Videos Accounting compliance bookkeeping

Size Doesn't Matter

I've had many conversations with people about business process outsourcing (BPO) and finance and accounting outsourcing (FAO), and whether a company is either too big or too small for outsourcing to make sense. Some people take the position that smaller companies should outsource, but will get to a certain point where they should really bring their accounting function in-house.

Topics: Blog outsourced accounting middle market shared services back office FAO CFO F&A outsourcing Outsourcing accounting outsourcing controller outsourced finance and accounting outsourced back office Accounting Featured Posts bookkeeping

Here's a Head-Scratcher - The Value of Audited Financial Statements

I met with a banker yesterday from one of the top 3 big national banks. We were introducing him to AcctTwo and our business process outsourcing services for small and medium-sized companies. We thought he would appreciate knowing that his clients could use AcctTwo to generate more timely and accurate financial and management reports, and his bank would get their required financial statements and borrowing base covenant calculations much faster.

Topics: Blog outsourced accounting shared services back office management reporting Fraud FAO CFO Taxes F&A outsourcing Outsourcing accounting outsourcing controller outsourced finance and accounting outsourced back office Audit and Internal Controls Accounting bookkeeping

Preventing Fraud

Fraud at a Small Company

I talked to a company the other day about their experience with fraud. They are a small business whose revenues have ranged from $2.5 million to $5 million over the past several years. In the last 8 years, the owner has had 3 instances of fraud and embezzlement. He estimated that he had lost about $600,000 to fraud over this time. 

Topics: Blog accounting software Fraud CFO Outsourcing controller internal controls Audit and Internal Controls Accounting

What Is The Total Cost of Ownership of Your Finance and Accounting Function?

A few weeks ago I wrote a post about the total cost of ownership of your accounting software. As I pointed out, there are many more hidden costs of owning and operating your own enterprise accounting software than many people realize. If you haven't read that post, you might want to read it first, as this post builds on the concepts already introduced there. This post discusses the total cost of ownership of the entire finance and accounting function, including the enterprise accounting software and all the other costs.

Topics: Blog outsourced accounting accounting software shared services back office FAO Software Total Cost of Ownership (TCO) CFO F&A outsourcing Outsourcing accounting outsourcing Software Evaluation controller outsourced finance and accounting outsourced back office Accounting Featured Posts bookkeeping total cost of ownership

What Is the Total Cost of Ownership of Your Accounting Software?

As a business owner or member of the senior management team, you know that it's a good practice to evaluate multiple alternatives to a particular requirement or solution. If you are considering buying products or services from potential vendors, you probably get 2-3 quotes from different vendors, and evaluate them on the merits of their cost as well as the nature and quality of the services they can bring to the table.

Topics: Blog TCO accounting software information systems Software Total Cost of Ownership (TCO) CFO SaaS Software Evaluation Software as a service controller Cloud computing Featured Posts total cost of ownership

Operating in the Fog

One thing about living in Southeast Texas is that you never have to worry about having the same type of weather pattern between October and April. It can be sunny and 80 degrees one day and 45 degrees with a nasty north wind the next day. You never really know what you can expect, so you need to rely on the weatherman or weather sites to help you prepare for the coming days.

Topics: Blog outsourced accounting middle market accounting software shared services back office management reporting FAO Business Intelligence / Analytics CFO F&A outsourcing Outsourcing accounting outsourcing Software Evaluation controller outsourced finance and accounting outsourced back office Accounting bookkeeping

The Benefits of Cloud Computing to Finance and Accounting

Intacct's CFO Marc Linden talks about the benefits of cloud computing to finance and accounting organizations.

What Is Cloud Computing?

There are a lot of people now using the term "cloud computing" to mean a lot of different things. This is not something that's brand new. It's something we're all familiar with even though we may not realize it. We're familiar with it in our lives as consumers through our use of iPhone applications or through our use of Google or Gmail or Hotmail. 

Topics: Blog accounting software management reporting View from the Cloud information systems Intacct CFO Cloud Computing / SaaS Software Evaluation Software as a service controller Cloud computing Informational Featured Posts

Can Your Fantasy Football Team Run Circles Around Your Accounting System?

I love playing Fantasy Football. I’ve been playing it since 1992 when a group of friends got together to form our first league. Honestly, I didn’t understand Fantasy Football, but just being able to hang out with my friends and compete with them was enough to suck me in.

Topics: Blog outsourced accounting middle market accounting software shared services back office management reporting FAO Intacct Business Intelligence / Analytics CFO F&A outsourcing Outsourcing Financial Reporting accounting outsourcing Cloud Computing / SaaS Software Evaluation AcctTwo News Software as a service controller Cloud computing Informational outsourced back office Financial Analysis, Ratios and KPIs Accounting Featured Posts bookkeeping