BTerrell Group Blog

Susan Liles

Recent Posts

Get Control Over Your Fixed Assets with Sage Software

Posted by Susan Liles on Mon, Aug 26, 2013

Control over fixed assets can become a significant issue, especially for a growing business.  Identifying all business assets, recording them properly and depreciating them appropriately is a time consuming and tedious task.  There is a substantial risk of error with manual processes.  Sage Fixed Asset Solutions has developed an array of products that have been used by businesses over the last 30 years to tighten controls and reduce costs.

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Tags: Fixed assets, Sage Fixed Asset Software, Sage

Intacct: Separating Invoicing from Revenue Recognition

Posted by Susan Liles on Fri, Aug 09, 2013

BTerrell Group is now billing our company’s projects through Intacct, and are excited to see the new financial reports by project in the coming month. 

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Tags: Intacct, revenue recognition, invoicing, separating invoicing and revenue recognition

My Favorite Features of Intacct, Part 2: Dashboards

Posted by Susan Liles on Fri, Jun 28, 2013

My last blog highlighted that BTerrell Group is converting our internal books to Intacct, and we're having fun with some of the features.  We’ve set up the dimensions of location, department, project, vendor, customer and employee to be able to easily slice and dice the data and report margins several ways.  I’ve used the handy ALT+D+ALT+Enter keystrokes to open a contemporaneous instance to check data or tweak a report without having to exit what I’m doing.

Now I’d like to highlight a couple more features that have made this transition easy and fun.  I want to create a dashboard with a real-time P&L by customer.  Sounds complex, right? How long do you think that will take?  The answer's an easy takes just a few steps and we have a new report in the dashboard in just a few minutes.  

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Tags: dashboard, intacct dashboard, Intacct

My Favorite Features of Intacct

Posted by Susan Liles on Mon, Jun 17, 2013

We’ve been converting BTerrell Group's own books to Intacct.  It’s been a great learning experience, considering we are multi-entity and multi-currency requiring global consolidation, we want to measure margin by project, our project billings require revenue recognition, and our managers want customized dashboards.  This setup has not been a walk in the park (but, don't worry - we're learning on ourselves so we can help our clients)!  During the process, however, I’ve become fond of a few features within Intacct:

Transactions can be ‘tagged’ with different dimensions, which then can be used as report filters.  Not only does this kick up the breadth and depth of reporting, it streamlines the chart of accounts.  All office expenses are charged to account 58000, Office Expense, and depending on the setup, can require these different dimensions at entry:  Department, Class, Location, Project, Customer, Vendor, Employee or Item.  I hear the groans – yes, it does require some input time, but it saves much time exporting data and creating pivots around fields.  Finally, the standard dimensions can be renamed to fit your business, and custom ones can be added.

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Tags: dimensions, contemporaneous instances, Intacct