<img src="https://certify.alexametrics.com/atrk.gif?account=YiINr1zDGU20kU" style="display:none" height="1" width="1" alt="">

AcctTwo Blog

Home Service Software: Avoid the Growing Pains

Home services providers can become victims of their own success if they’re not prepared to scale important processes and home service software to match growth. Hiring more technicians and buying additional equipment are the obvious steps. Less obvious but equally important is scaling the accounting function, including the technology it relies on. Small degrees of growth can translate into drastically larger, faster, and more complex accounting obligations. And if a home services CFO and their team can’t meet those obligations, it creates countless liabilities that make success less sustainable and financial disaster more likely.  

Topics: General home services industry

Replacing QuickBooks: 5 Essential Features Your Startup Software Needs

Accounting systems that rely on manual processes, spreadsheets, and delayed reporting timeframes have no efficiency hacks. As SaaS and subscription businesses grow, their patchwork processes and accounting systems that worked so well in the past are now slowing business growth. Here are the five essential features to look for when considering startup software for your growing SaaS and subscription business.

Topics: SaaS saas intelligence General

'Accounting Digital Transformation' and Your Finance Department

What is it, and what does it mean for you?

Buzzwords, catch-phrases, and hype are the hallmarks of any talk about technology trends. We've written often about the "the Cloud," what it means and why it's important to properly define it, or at least agree on a definition when we're comparing products and delivery models. On the topic of "Digital Transformation," another hyped-up buzzword, I read a great article by David Terrar, an Enterprise Irregular and the CEO of Agile Elephant, a consulting firm focusing on, guess what? Digital Transformation.

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

It's Time to Modernize Your Company's Financial Management Solution

In disruptive times, it is more important than ever to have a strong financial management solution in place. The COVID-19 pandemic solidified what financial decision-makers have known for a long time: Clunky, outdated financial software can drag down a business. Businesses need fast, accurate, and comprehensive information and reporting. March of 2020 when the pandemic struck, most SMBs found themselves unable to cope with uncertainty, ill-equipped for the financial impact, and poorly positioned to recover. 

Topics: financial management software General

Home Service Software Trends: The Future is Bright for the Industry

The home services industry has arrived at a transformational moment. It sits at the confluence of major forces – the pandemic, a revolution in digital technology, shifting weather patterns, evolving social attitudes – that are changing how we occupy our homes. Coming years will see massive growth in the home services industry, along with equal disruption.

The team at AcctTwo has been closely involved with the leading home service software for years. We thought this was an opportune moment to explore the biggest issues affecting plumbing companies, HVAC contractors, home security installers and countless others, particularly from the perspective of the home services CFO. Anyone invested in this industry needs to be aware of what lies ahead – but especially the executives at the helm of accounting and finance. Why? Because the biggest changes and challenges apply to them.

Topics: General ServiceTitan home services industry

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

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

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