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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

Sage Intacct Cloud Accounting Software Action UI Changes May 15, 2020

Action is a powerful user interface built to save you time because it models the way you work. It utilizes new innovations to facilitate high productivity across your organization. On May 15, 2020, Sage Intacct will officially switch to the new Action UI by default. This means that the option to switch back to the previous UI will be disabled for most Sage Intacct cloud accounting users.

Topics: accounting software cloud accounting Accounting Sage Intacct

Cingo's Journey with Sage Intacct & Bill.com - Bill Paying Software

Recently we spoke to Travis Craft, CFO at Cingo about his Sage Intacct implementation, how Sage Intacct has been impacting his business, and about his journey with Bill.com, bill paying software.

Cingo was outgrowing its current accounting solution, Sage 100/MAS 90. Not wanting to invest in an on-premise model, going to the cloud was a quintessential requirement.

Topics: cloud financials Billing and Accounts Receivable cloud accounting Sage Intacct ERP Cloud Bill.com

Faith-Based Finance Collaborative 2020 Recap

Last week marked our 5th annual Faith-Based Finance Collaborative. This year our client, Concord Church of Dallas, hosted us in their beautiful facility. We are blessed with so many amazing clients and partners.

Topics: church accounting church ministry Faith-Based Church Accounting Basics Mission Organization Sage Intacct Church Accounting Software

Sage Intacct Provides Transparency to Marinus

Like so many companies, Marinus chose to use QuickBooks at the outset. But as Marinus expanded operations, it found that QuickBooks did not meet its needs for internal controls, management reporting, and external reporting:

  • Journal entries could easily be overridden
  • The chart of account structure required for tracking expenses by department and project was cumbersome
  • The financial reporting and budgeting capabilities were very limited and led to time-consuming, manual manipulation outside the application

Marinus needed an accounting solution that would tackle these concerns and also provide controlled access to real-time information to internal and external stakeholders alike.

Topics: accounting software ERP Accounting Customer Success Sage Intacct Digital Transformation IP Leap the Pond

Continuity Breaks Free From Excel with Sage Intacct

Continuity’s rapid growth put pressure on the finance organization to keep up. Like so many companies, Continuity originally chose to use QuickBooks and was forced to rely on spreadsheets to maintain complicated revenue recognition schedules for multi-entity arrangements and to deliver management and investors typical SaaS metrics like CMRR, CAC, and churn.

When Alan Hurwitz joined Continuity, he recognized the importance of putting in place the accounting infrastructure to support the company’s growth and at the same time offer a compelling value proposition (i.e. measurable ROI.) His auditing firm, Fiondella, Milone & LaSaracina, recommended that he talk to Leap the Pond. After Alan reviewed all his options, he decided that AcctTwo and Sage Intacct was the best fit – from both a functionality and cost standpoint.

Topics: accounting software ERP Accounting Customer Success Sage Intacct Digital Transformation Leap the Pond

United Way Senior Director of Finance Takes Full Advantage of Cloud Accounting

This year, United Way of Central Indiana (UWCI) celebrated an impressive milestone — 100 years of fighting for the education, financial stability, health and basic needs of everyone in the Central Indiana community, with a special focus on people and families who are living in or are one step away from poverty. The United Way movement began 131 years ago in Denver, Colorado, when several leaders in the religious and human service sectors had united around one cause: helping to serve people who were living in poverty. In April of 1918, the United Way movement arrived in Indianapolis in the form of a “War Chest.” The gigantic Chest was placed on the steps of Monument Circle, and a campaign to raise contributions involved every person in the community. The result: more than $3 million ($50 million in today’s dollars) was collected and donated to dozens of charities and relief organizations throughout the region. Since 1918, UWCI has worked with more than 80 agencies that serve the critical needs of the community.

Topics: Not-for-profit Industry Customer Success Sage Intacct Social Services

How SaaS CFOs Leverage Finance Automation

Bowery Capital’s annual Finance and Ops Summit draws hundreds of finance leaders from fast-growth SaaS companies, many of which are seeking to upgrade their financial foundation to deliver a higher level of reporting and forecasting.

Several CFOs from great growth companies that have relied on Sage Intacct cloud financials shared their experiences about how they transitioned from QuickBooks to streamline their financial operations and address key decisions around forecasting, SaaS metrics, subscription billing, and revenue recognition. 

Topics: accounting software ERP Accounting Finance Automation Customer Success Sage Intacct RPA Digital Transformation ERP Cloud

How to Convince Your Exec Team It’s Time to Switch Cloud Accounting Software

It’s likely that when your company was started or founded that your executive team went with the easiest, quickest, and most cost-friendly solution to handle its accounting needs just to get things started. But the truth is that start-ups outgrow the tools that launched the company. Not only can your old system be outdated, but ability to handle higher volumes of work might even be inhibiting your ability to grow.

Topics: accounting software ERP cloud accounting Accounting Finance Automation Customer Success Sage Intacct RPA Digital Transformation ERP Cloud Accounting SaaS

Two Organizations Join Forces to Better Support Mid-market Finance Transformation

We're very excited to make public our announcement that AcctTwo has acquired Leap the Pond. This is the joining of Sage Intacct's strongest partner for five years running with another one of Sage Intacct's top partners to better serve mid-market companies and nonprofit organizations. The acquisition represents two very similar cultures focused on customer success and providing cutting edge accounting and financial management technology as well as managed accounting services to organizations struggling with legacy systems, manual processes, and a lack of real-time visibility into financial and operational data. To learn more about the acquisition, read the press release.

Topics: Sage Intacct Strategy ERP Cloud Accounting SaaS Leap the Pond Acquisition