Here is a quick tip: Intacct provides two System Reporting Periods that are inactive by default, Inception to Current Month and Inception to Date. Activating these allows you to run reports spanning multiple years.Read More
BTerrell Group Blog
Why bother to re-create the Sales History out-of-the-box report from Sage 300 ERP?
The very answer also applies to questioning why I would need Business Intelligence (BI) when I already have my reports. In some sense, it is like comparing financial accounting and managerial accounting – both provide information to support business decisions, but their consumer, format, span and depth are different. Reports usually require certain formats and are created for a set of period, such as fiscal year or period. On the other hand, BI is flexible in its format. Many times it has powerful visualization ability, and can be generated for any period of time such as daily, weekly or monthly. It is important for the BI solution to provide a holistic view of the business and be able to adapt to changes quickly.
“I don’t have time to worry about compliance. Don’t we have lawyers for that?”
Your Legal and Human Resources departments shouldn’t be the only ones concerned about legislative and regulatory risks because these risks affect all areas and departments of your business, making compliance every employee’s responsibility. There are increasingly stringent legal and regulatory requirements being placed on companies of all sizes. Many of these requirements carry hefty penalties for non-compliance.
If you don’t have the internal resources, Terrell & Terrell can work with you to develop the types of documentation you need to achieve compliance with Sarbanes-Oxley 404, data privacy, and other general or industry-specific legal and regulatory requirements. We can help you with narrative policies and procedures, process maps, controls matrices, and any other business documentation your company may need.
Be proactive. Call Terrell & Terrell…before the auditors arrive.
- Deborah Conrad, Documentation Specialist