BTerrell Group Blog

Many small and mid-sized companies start strong with accounting and other specialty software. However, these entry-level solutions can only take a business so far.  It’s only a matter of time until you outgrow basic systems and these software programs no longer meet your needs.  Stay in the game and grow your organization by replacing inefficient software with a stronger business management solution.      

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The Financial Accounting Standards Board (FASB) hasn’t changed nonprofit reporting requirements in decades.  However, earlier this spring, the FASB announced several proposed changes.  Although the rules haven’t been finalized and won’t become effective until 2017, there are a few important changes that businesses need to understand.  According to a recent post published by Bob Blake and our friends at Xanegy entitled “FASB Considers Changes to Reporting Requirements for Nonprofit Organizations,” the proposed changes are intended to make financial statements more useful to donors, lenders, and other business partners or nonprofit associates.  Changes with common accounting procedures can create challenges; however, Intacct has your back.  As these or other financial reporting changes go into effect, we here at BTerrell Group can help you remain compliant with the support of Intacct.  Contact us for additional information about the proposed FASB changes and how Intacct can keep your accounting processes intact and compliant.

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There could potentially be a significant value of fixed assets within your business and keeping track of them can be a challenge.  Managing fixed assets with spreadsheets is a losing battle, especially as your business grows and assets increase in volume, are transferred or disposed, or become lost.  Gain greater control and insight over fixed assets, their depreciation calculations, and prepare IRS-ready tax forms with confidence by replacing inefficient software with stronger technology.

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The Dreamforce Tech Conference was a great success and we hope that the 150,000 attendees are putting all that they’ve learned to good work.  As indicated in “I Dream of Dreamforce,” Intacct and Salesforce are two best-in-class business products that are often used together.  This powerful duo of accounting and customer relationship management (CRM) solutions are making a difference for many businesses, including Women’s World Banking, a nonprofit offering financial tools and resources to low-income women.  The banking organization is able to control global accounting and financial operations for locations in the United States and Netherlands, while providing financial services and resources to their customers.  Read “I Dream of Dreamforce,” to see how other businesses are putting Intacct and Salesforce to good use and contact BTerrell Group for more information about the Intacct and Salesforce dream team.

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As we prepare to wind up another quarter-end reporting cycle, you may notice that we’re approaching year-end as well.  As if quarterly reporting isn’t hard enough, year-end reporting can send your accounting team running for the hills, so to speak.  Preparing for year-end can mean a lot of paperwork if you are using inefficient accounting software.  Tie-up year-end tasks quickly and efficiently with the support of stronger technology.             

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