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Denise Torres

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BTerrell Group Joins Intacct Business Partner Program

Posted by Denise Torres on Wed, Feb 06, 2013

DALLAS- BTerrell Group, a premier ERP and accounting consulting firm based in Dallas, today announced a partnership with Intacct, a leading provider of cloud-based financial management and accounting software. BTerrell Group, a long-time Sage partner with a substantial client base in Texas and the Southwest, selected Intacct as a cloud-based financial solution after a comprehensive review of the competing solutions. As an Intacct Business Partner, BTerrell Group will sell, implement, support, and develop enhancements for Intacct’s award-winning cloud financial applications.  

“It thrills me to offer Intacct, a best-of-breed-on-demand ERP product, to our prospects as another option,” said Brian Terrell, Managing Partner of BTerrell Group. “Intacct’s cloud-based system offers our clients flexibility, access, and lower technical infrastructure requirements than on-premise accounting platforms.  All the while, we remain strongly committed to our client base and prospects who prefer on-premise solutions.”

Intacct is the only vendor to be named a preferred provider of financial management and accounting software by the American Institute of Certified Public Accountants (AICPA), the trade association of the accounting industry. Intacct delivers a professional-strength financial infrastructure built to offer real-time reporting and business analytics, powerful automation and integration, superior compliance and auditability, plus unlimited flexibility and scale to evolve as a business grows. By tapping into the power of cloud computing, Intacct offers greater speed, increased cost-effectiveness, and superior manageability. 

“One of the areas that really attracted us to Intacct is the robust cloud-based development tools that allow us to customize and extend Intacct to deliver comprehensive solutions for our clients,” added Brian Terrell. “We are very excited about the opportunity to create unique extensions and vertical industry solutions built on the Intacct platform that deliver increased value to our customers and expand the scope of our business.”

“The Intacct Business Partner Program continues to attract top Sage partners looking to expand their portfolio with a cloud-based system,” said Taylor Macdonald, vice president of Channels for Intacct. “More and more businesses are moving their financial applications to the cloud to take advantage of the significant cost savings, improved speed of innovation, and superior return on investment. BTerrell Group is a great addition to our partner program and I look forward to working closely with them for many years to come.”

To learn more about our cloud solutions, visit www.bterrellcloud.com

 

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Tags: ERP, cloud-based software, ERP for financial institutions, ERP cloud solutions

Year-End Accounting Reminders: Tax Season Coming

Posted by Denise Torres on Wed, Dec 12, 2012

Tax time

That time of year again!

With the end of the calendar year (and possibly your company’s fiscal year) right around the corner, BTerrell Group wanted to remind you of a few year-end activities you don't want to forget:

 Order Entry:

  • Clear statistics and sales history that you do not need.

Purchase Orders

  • Clear statistics and purchase history that you do not need.

Project and Job Costing

  • Nothing to do!

Inventory Control

  • Do an inventory count.
  • Post a reconciliation worksheet to adjust for any variances found in the inventory count.
  • Clear statistics and expired contract prices that you do not need for drilldown.

US/Canadian Payroll

  • Print reports required by statute for calendar year end.

Accounts Receivable

  • Clear sales tax tracking information that you no longer need.
  • Clear statistics that you no longer need.
  • Run Year-End to clear activity statistics, recurring charge amounts, invoices paid and Days to Pay counter.
  • Print the Customer List and customer statistic reports to verify the transfer of data to the previous fiscal year.

Accounts Payable

  • Clear purchase tax tracking information that you no longer need.
  • Clear statistics that you no longer need.
  • Run Year-End to clear activity statistics, recurring payable amounts, invoices paid and Days to Pay counter.
  • Print the Customer List and customer statistics reports to verify the transfer of data to the previous fiscal year. 

General Ledger 

  • Run Create New Year to transfer balances in the income and expense account to retained earnings and enter opening balances for the new year.

Usually, you will not want to complete any year-end procedures that compromise drill down capabilities. Accordingly, we have removed those procedures from the above list.

And order those W-2s

Other Important Dates

January 31, 2013: Deadline to supply each employee a completed Form W-2, Wage and Tax Statement, and each 1099 vendor a completed Form 1099

January 31, 2013: Deadline to file Form 941 for fourth quarter 2012

January 31, 2013: Deadline to file Form 943 and Form 944 for 2012

February 28, 2013: Deadline to file all the Forms 1099 you issued for 2012, along with Form 1096, Annual Summary and Transmittal of U.S. Information Returns (April 1, 2013, if you file electronically)

 

Photo Credit: Flickr Commons, (401K)

Tags: accounting, tax, tax update, taxes