accounting solutions

Article Dean Dorton

Because every dollar and resource counts for nonprofits, to them, working lean is a top priority. Here are the things they can, and should expect from an accounting solution that can stretch their time and labor further to support their mission today, and in the years to come, for greater cost efficiency.

Automation and Integration

Saving time in manual data entry can help keep resources within the margins of a tight budget.

Nonprofits can get the most out of their time by going with an accounting solution that offers a high level of automation to streamline costs by reducing financial management tasks, and the labor hours it takes to do them.

When nonprofits work with a best-in-class financial management system that integrates well with other popular software solutions, they can use automation to their advantage to effortlessly migrate their financial data into their other key systems they use, and reduce errors that result from manual re-entry.

The Cloud

The cloud offers fast answers with data relevancy and a secure working environment that scales with growth.

Forward-thinking nonprofits need to work in the cloud to save IT and maintenance costs.  When nonprofits use a cloud-based financial management system like Sage Intacct, they have more relevant donor and organization data at their fingertips in less time.

Teams can deliver to-the-minute current and detailed reports to board members for strong growth strategy and create annual reports in record time that offer transparency to members, and critical funding and resources for employees working in the field.

When nonprofits work the cloud, more gets done in less time, and with greater accuracy.

Accounting Solution Expertise

When a nonprofit works with best-in-class cloud financial management solution, they can apply their donations and funds more wisely toward their organization goals, by drastically reducing the need for security, scalability and compliance concerns, to spend more resources on growth.

Sage Intacct offers security expertise with redundant data backups and high levels of customizable permissions. This level of protection secures your data during disaster, or from wherever your teams work.

Sage Intacct is GAAP, ASC 606 and IFRS 15 compliant, and provides time-saving compliance checks built into the software for cleaner, more transparent audits, more efficient membership fund allocation, and a more streamlined work environment for your financial group.

All of this leads to stronger growth strategy, and ultimately, a more powerful nonprofit.

If your organization is spending too much time on financial management tasks, it’s time to consider a better financial management solution. Sage Intacct and GuideStar have partnered up to bring an innovative dashboard for nonprofit organizations to help maintain financial health, sustainabilitiy, and make the mission successful.

Check out the Financial Board Book Datasheet

Still have questions? Contact us for help in your decision-making process, and in transitioning to a stronger financial management solution for your organization.

Article Dean Dorton

On April 18, Massey Consulting is hosting an event with Dean Dorton “From Visibility to Insight: The Future of Finance in the Cloud”, to show CFOs and finance leaders the benefits of cloud-based financial management in action.

Automation, mobility and artificial intelligence are delivering stronger pathways to success, with even more solutions in the future for tech-savvy companies working in the cloud.

Enhance your business relationships, with modernized communication tools.  Lead your teams with solutions that help your teams succeed and focus on stronger efficiency and productivity. Bring in tools that on-premises systems can’t offer, for stronger insights into your company’s performance.

If your business is in the midst of rapid growth and using the same on-premises systems, or you’ve been noticing that you don’t quite have all the data you need, when you need it, then you don’t want to miss this event.

What You’ll Get

In this exclusive event on April 18, we’ll show you what the cloud is doing today for growing businesses:

  • Modern companies that want a system that will grow with them first need to start with a financial management system that is designed for growth. Find out how the right cloud-based software infrastructure can scale with your changing needs.
  • Learn how moving other finance leaders have moved beyond spreadsheets and limited on-premises systems into cloud-based data management and reporting to build better strategies, and enhance forecasting.
  • Experience real cloud-based financial management solutions in action, to see how the cloud can streamline your own financial processes to work faster and smarter.
  • Meet and network with other finance executives and leaders, as you earn CPE credit.

Who Will Benefit

Anyone who is interested in the latest technology and growth solutions for financial management will get something out of the event:

  • CEOs and CFOs
  • Controllers
  • Executive Directors and Senior VPs
  • Individuals in high-level finance positions

Secure Your Seat

This special event is happening from 4-6 pm EDT at AvidXchange, Inc in Charlotte, NC.  

Share this unique opportunity with other tech-savvy finance leaders as we team up with Dean Dorton to demonstrate the future of the cloud for your financial management. Experience firsthand how to leverage data with the cloud, and do more for your company’s growth.

Article Dean Dorton

Forward-thinking finance teams are always trying to find ways to keep their company running more smoothly, efficiently and accurately. The companies that work the leanest, however, are those that use a modern cloud-based software solution.

When finance teams rely on a best-in-class cloud-based financial management solution like Sage Intacct, they see more productive results, and work smarter – not harder, to stay on top of company growth.

For CFO’s, things like automation, current data, and immediate results drive important company decisions:

  • Sage Intaact’s customizable dashboards showcase metrics that measure success – even if you’re a SaaS company that needs more detailed KPI’s like churn rates and market segmentation. In the cloud, metrics are up-to-date, from whenever you need them.
  • Working in the cloud means 24/7 access to data and quick answers for fast-thinking and strong growth strategies. No more waiting around for reports to get to you, with data that is a month old, or longer.
  • Integrations with other best-in-class software mean your operations data and inventories seamlessly travel between solutions for streamlined project management and product decisions.

Lucky controllers that use Sage Intacct to manage their processes close the books faster, and experience improved data accuracy and stronger compliance confidence – even with the new ASC 606 and IFRS 15 guidelines:

  • In the cloud, global consolidations happen with one click, even if your company uses multiple currencies, has multiple entities, or works in multiple locations.
  • Compliance with current guidelines means less re-keying and backtracking for taxes and audits, with all relevant data accessible from anywhere, at any time.
  • Drastically reduce the time it takes to close the books at the end of the month with greater automation, cloud collaboration, and tagging features that make organizing your chart of accounts and journal entries faster and easier.

Busy accounting teams that work in the cloud get more done with fewer headaches by reducing their reliance on spreadsheets and automating as much of their processes as possible.

  • Teams can run reports that convert automatically to Excel, without having to convert files from CSV and tab-delimited, spend hours cleaning up data or having to wait for information updates.
  • Because Sage Intacct plays well with other key software solutions, teams improve their data accuracy and spend less time re-keying data repeatedly in different systems.
  • Teams can enter expenses and orders quickly, from anywhere. Invoicing runs more smoothly. Reports drill down into the transaction, and journal entries are faster and easier to build and modify.

Is your finance department outgrowing its current software system and ready to ramp up compliance, reporting and audits?

Reach out! We want to help you discover the best fit for your business, to ease the pains of on-premises finance management to work in a faster, easier and more modern way.

Article Dean Dorton

For service-based companies, fast answers, reliability, and market strategy are critical to business growth and stability. Reliability offers strong service to the clients you already have, fast answers motivate today’s potential clients, and market strategy invigorates new business for a bright future.

A strong MSP business inspired to grow can find support in these key areas by working in the cloud.

The Cloud Leverages Up-to-Date Information

On-premises systems may very well offer the data your teams need, but that data is useless if your teams in the field can’t access it.

When companies work from the cloud, field teams can leverage company data to deliver service or seal a deal faster than a team that can provide the information “when they get back to the office.”  

The Cloud Maximizes Independence and Productivity

When your people have real-time data and detailed information about client projects, and company services, they are free to work more quickly.

With the cloud, accounting departments streamline month-end closings and reporting because their financial data is always being updated in their systems, which means faster, more accurate output.  

Also, field teams work more independently because company information travels right with them, wherever they go. Deals close faster. Important project information populates in the system in real time so everyone on the project has access to critical data more quickly.

Cloud technology streamlines the business from every angle, saving MSPs hours of time and effort.

The Cloud Optimizes Your Dependability

The most dependable systems are the ones that no one has to worry about.

Reliability and data security are critical- especially when it comes to your client’s information. When MSPs secure their data with the right cloud-based financial management system like Sage Intacct, security is already taken care of, and so are software and maintenance updates – all behind the scenes.

MSP companies that work in the cloud boost their service dependability and can rest knowing client data is safe and secure.

For MSPs, Sage Intacct, a best-in-class cloud-based financial management solution, offers:

  • 24/7 up-to-date dashboard reporting that your teams can access from anywhere to strengthen market strategies, and work in the field more productively.
  • An award-winning API that integrates with other best-in-class cloud solutions for flawless client data transfer, accurate operational data, and enhanced project management.
  • Real-time, automated financial management features that streamline book closings, eliminate spreadsheets, speed reporting and invoicing, and simplify time and expense entry.

Sage Intacct cloud-based financial management means faster, leaner, more accurate processes to support your service-based business as it grows.

“Sage Intacct has given us the ability to focus on our technology, making it work for us,” says Tom Major, CFO of Clearpointe and Sage Intacct customer. “The financial reporting and dashboards have been transformative for our business.

Whether your company has one location or many, because the cloud offers financial management flexibility, it’s the ideal environment for companies that anticipate growth.

Contact us. We want to help you find the right financial management solution that will empower your teams as your business grows.  

Want to Know More?

Read Clearpointe’s full case study to learn the benefits that a cloud-solution brought to their business.

Get the Case Study

Article Dean Dorton

One thing we know – along with accounting, is that great companies stay great by putting their customers first. This is on our list of top success priorities, and it’s a big part of what drives us to do what we do, and how we do it.

By putting our customers first, we learn all about their unique needs. This helps us figure out what products and services will offer the most help for them now, and in the future.

Our goal is to build close relationships with our customers, and stick with them as they grow, to see their company succeed every step of the way. That means we need to offer products that are a great solution for our customers now, and as much as in the future.

We’re Listening

Sure, we are “numbers” people – it’s what we do.  It’s the reason we can expertly help growing businesses without them missing a beat – or a winning goal like we did with the Carolina Hurricanes. But we’re also really good at putting our listening ears on – and leaving them on.

Staying in tune with our customers matters because it means we can offer custom solutions for their unique issues. We’ll help find solutions that streamline financial processes that can scale, to handle new growth challenges in the future.

Staying in tune with customers helps us create solutions that pave the road to their future success.  That’s how we developed our own unique integration product, MConnect, to make our customers’ software solution integrations even better.

We Deliver Long-Range Solutions

We put our customers first by offering a range of products and options that meet their unique needs.

When we met up with Legacy Healthcare, they had trouble moving beyond their current software arrangement. With multiple locations and services, they were building up to 300 different reports a month.  They needed a solution to simplify their complex reporting needs, while also offering flexibility to scale with their rapid growth.

Our financial management expertise comes from working with many other multi-location businesses with growth challenges. By knowing the industry-specific issues, we could show Legacy how Sage Intacct – a best-in-class financial management solution, simplifies and automates their complex reporting setup.

Sage Intacct’s cloud-based solutions boost accuracy and offer the flexibility to streamline month-end closings, while also breathing life into your unique success metrics.

Jay Huffman, Legacy CFO, talks about his experience with us:

“Upon taking my position at Legacy…I had a lunch with Philip Massey and Jim Stubanas… I felt completely at ease with the consulting firm choice afterward and looked to them for advice on moving to a new ERP system.”

Whether you’re a change-making organization like UAB Educational Foundation, or a franchise managing complex reporting with multiple locations, we want to know you!

Let’s connect! We will show you the love by tuning into your company’s unique needs to help drive productivity, boost accuracy, and streamline systems to fit your growing business.

Article Dean Dorton

Managing your customer’s credit limit in Dynamics GP became even easier with the Dynamics GP 2015 R2 release.  Two new options were introduced that now give you the ability to display an over the credit limit warning icon as well as set up a warning pop-up window if a customer is over their credit limit.

To access these two new options, Display Over Credit Icon and Warn if Customer Over Credit,  you will need to be on Dynamics GP 2015 R2 and also enable the options on the Receivables Management Setup (Tools>Setup>Sales>Receivables) window (Figure 1).

dynamics gp

Figure 1

The Display over Credit Icon option will display a visual icon in multiple windows to alert you that the customer is over their credit limit.  Notice in Figure 2 below there is a yellow warning icon next to the customer number on the customer card.  This warning icon will show up throughout GP when the customer number is entered (see Figure 3).

Figure 2

Figure 3

The second option, Warn if Customer Over Credit, will allow a warning message box to pop up once a credit limit is passed.  As shown in Figure 4 below the warning message is displayed as soon as the customer ID is entered in Sales Transaction Entry.  

Figure 4

You also have the option to configure the credit limit warning window to warn you if a new transaction that is being entered would put a customer over their credit limit once that transaction amount is added to the open balances for that customer.  To configure the credit limit warning, click the blue arrow to the right of the customer credit limit amount on the customer maintenance options window (Figure 5). On the Display Credit Limit Warning window, you can choose to set up a warning if the total balance exceeds the customer’s credit limit OR if the sum of receivables in a particular aging bucket and beyond exceeds a dollar amount.  In the example shown in Figure 6, we have set the alert to notify us if the customer exceeds their $35,000 credit limit OR if the sum of their transactions exceeds $30,000 in the 31-60 and beyond aging buckets.

Figure 5

Figure 6

Both credit limits warnings options by default are not enabled.  Once enabled, it is a system-wide option that can be turned on and off at any time.  

If you have additional questions on how to setup and configure the credit limit warning options, please reach out to Support@MasseyConsulting.net