Tag: Sage Intacct – Cloud Accounting

Wrap-Up: Reimagine Your Month-End Close with Sage Intacct

Written by Mark Byrd on . Posted in Trusted CFO Solutions Blog Posts.

As the end of the month approaches, many finance and accounting teams brace themselves for the hectic period known as the month-end close.

In our previous articles, we have explored different aspects of the month-end close, including where to begin, how to speed up the close, and best practices with Sage Intacct to overcome the challenges that prevent a smooth monthly close.

In this article, we outlined the key points from this series and provided additional insights to help your team master the month-end close.

Where to Begin: Your Comprehensive Checklist 

Staying organized at the end of the month can be overwhelming. With so many moving parts and crucial deadlines to meet, to say it’s challenging is an understatement. A smooth, efficient, and successful month-end close is the goal of every business, but how do you get there?

Start with a checklist! To make the close process easier, establish clear deadlines and task ownership to establish accountability for all parts of the process. Preparation and attention to detail are essential when building your checklist to ensure all financial records are up-to-date and accurate.

Read the full article: A Checklist for Success

Shortening the Monthly Close Without Cutting Corners

The month-end close is a notoriously lengthy process, leading to a backlog of work and creating unnecessary stress. It can take 5-10 days for a typical business to close the books at the end of each month, and many aren’t well-equipped to speed up this process. 

By using automation tools powered by software and technology, you can fast-track your monthly close and reduce manual tasks that take up too much of your valuable time. 

Read the full article: Techniques to Slash Your Month-End Close

Navigating Challenges of the Monthly Close

At the end of each month, businesses and their finance teams — especially smaller ones still adjusting to closing the books each month — face numerous challenges affecting progress and financial accuracy. The month-end close often presents challenges to companies.

Four of the most common challenges we explored include:

  1. Data inconsistency and endless spreadsheet management
  2. A lack of clearly defined processes for the close
  3. Being reactive to monthly events rather than proactive
  4. Outdated software and limited financial insights

Read the full article: Decoding the Challenges of the Month-End Close

Sage Intacct Strategies for a Smooth Month-End Close

In its most basic sense, the month-end close involves closing out the books for the month and providing a full financial overview. However, this involves hours of time and grunt work checking data accuracy, ensuring regulatory compliance, and meeting deadlines for financial reporting.

Sage Intacct is a robust accounting software that can help streamline the month-end close process and simplify daunting tasks. Implementing a continuous close approach, automated workflows, and leveraging a customized chart of accounts will keep you flexible and unlock better performance insights.

Read the full article: Best Practices to Perfect Your Month-End Close With Sage Intacct

If you want to learn more about incorporating these tips and strategies into your monthly processes, contact us today! Our team of advisors will help you master the month-end close so you can focus on more strategic activities to drive business success.

Best Practices to Perfect Your Month-End Close With Sage Intacct

Written by Mark Byrd on . Posted in Trusted CFO Solutions Blog Posts.

As your business reaches the end of each month, your finances require precise maintenance, but that also means diving headfirst into endless spreadsheets and financial statements —an absolute nightmare.

The cloud accounting solution, Sage Intacct, is an excellent resource to keep your financials on track by creating an efficient month-end close without the headache or hassle of sorting through documents and tracking mistakes.

By following a few simple steps and taking advantage of its robust reporting capabilities, your business will stay organized, precise, and ready to start the new month. Let’s take a look at the benefits and best practices for a month-end close with Sage Intacct.

Benefits of the Month-End Close with Sage Intacct

Sage Intacct offers a range of features and integrated tools that help organizations reduce the time and effort needed for the month-end close, making the process simpler and ensuring the financial information is accurate and reliable

Here are a few key benefits to using Sage Intacct during your month-end close:

  • Integrates with your existing systems, such as Salesforce, to eliminate the need for manual data entry and maintain data consistency.
  • Streamlines invoicing and payment processes help you get paid faster and reduce the time it takes to close out the month.
  • Uses one set of financials and multi-dimensional reporting with an integrated General Ledger and real-time views of current and historical data.
  • Allows user-defined workflows to improve efficiency, compliance, and transparency, providing consistent audit trail visibility.
  • Accruals and reversals are automated, and entries are visible at all times, reducing the manual work needed for journal entries and reconciliations.
  • Identifies variances and anomalies that don’t comply with accounting standards with intuitive dashboards and reports that work based on your preset conditions.

Best Practices

Your accountant is under a lot of pressure at the end of the month to manage the close in a timely manner. With Sage Intacct, you can alleviate some of that pressure and ensure your organization’s financials are accurate, secure, and provide powerful insights.

Incorporating the following best practices to get the most out of your month-end close:

  1. Establish a Continuous Close. A continuous close is a different approach to the monthly reporting cycle that aims to reduce the time and effort required for the close process. It provides real-time data and involves ongoing data management throughout the entire accounting cycle rather than at the end of the month.
  2. Implement Automated Workflows. Sage Intacct provides the ability to set up pre-defined workflows for efficiently closing the period-end accounts and automating tasks like data entry, journal entry creation, and account reconciliations. Combining the power of automation and the continuous close allows for a much simpler period-end, freeing up time to focus on other important business activities.
  3. Customize Your Chart of Accounts With Dimensions. Your chart of accounts allows for greater flexibility and tracking with Sage Intacct Dimensions. You can customize it to suit your organization’s specific needs, categorizing the information by company, department, or other key dimension values.

Move Beyond Traditional Manual Processes With Sage Intacct

In the world of modern business and new advancements, companies need to leverage technology to stay competitive and drive growth. By moving beyond traditional manual processes and adopting a cloud-based financial management solution like Sage Intacct, you can streamline your month-end close process, improve data accuracy, and gain deeper insights into the performance of your business.

If you’re ready to optimize your processes and leverage real-time reporting, get in touch with our financial advisors today.

Take Control of the Month-End Close: A Checklist for Success

Written by Mark Byrd on . Posted in Trusted CFO Solutions Blog Posts.

As a business owner, the end of the month can feel like a whirlwind: hectic, chaotic, and overwhelming. But by following a structured checklist and diligently staying on top of your core financials, you’ll alleviate some of your stress and keep your business on solid financial footing.

If you’re ready to conquer the end-of-month chaos, follow along in this blog series as we dive into the ins and outs of the month-end close.

10 Comprehensive Steps for Your Month-End Close Checklist

Here we have broken down the month-end process in a step-by-step checklist, so you can feel confident, informed, and prepared to tackle the month-end close:

  1. Review transactions: The first step to kick off your month-end period is to review all transactions for the month. This includes bank statements, invoices, receipts, and other documents retaining financial data. Make sure everything is accurate and there are no discrepancies.
  2. Reconcile accounts: Once you’ve reviewed all transactions, you’ll need to reconcile and account for all transactions. This involves matching the balances in your general ledger to the balances in your bank statements and other financial records.
  3. Adjusting entries: Made at the end of the accounting period, adjusting entries record additional transactions to keep your accounts accurate and up-to-date. This includes accruals, deferrals, prepaid expenses, deprecation, or other adjustments.
  4. Review journal entries: Accurate financial reports allow you to make more informed decisions about your business. By reviewing all journal entries, you’ll ensure they are correctly categorized and coded.
  5. Check for errors: Make sure your reports have no errors or discrepancies and that all numbers add up correctly. Even a tiny mistake can have significant consequences, impacting cash flow and legal implications.
  6. Close sub-ledgers: Reconcile all sub-ledgers and include any journals and related entries so you’re prepared to close them out. Any discrepancies should be noted and cleared, and you must also include any new or unrecorded transactions.
  7. Prepare financial statements: With your sub-ledgers closed, you can now prepare your financial statements. Include your income statement, balance sheet, and statement of cash flows.
  8. Review financial statements: Before finalizing your financial accounts, review them carefully. Take this time to assess your tax liability and areas of improvement.
  9. File all documents, paperwork, and statements: As the last step in the month-end close process, all financial records should be archived and saved for future reference.
  10. Begin the next accounting cycle: Review any last-minute details and prepare yourself for the new month.

Now that we’ve reviewed this checklist, the month-end close may not seem so bad. But the reality is that the month-end close is a daunting task, especially if you’re working with outdated software or manual processes.

Divide and Conquer: Making the Month-End Close a Breeze

One way to make your close more efficient and less stressful is by automating as much of the process as possible. This could include using software to reconcile accounts, generate reports, and archive records.

If you want to delegate your financials to a trusted outsourced partner and get ongoing support, we’ll help you break down the process and streamline your monthly close. We want to help you power through this stressful season and confidently complete each step of your month-end close.

Contact us today to learn how we can help you slash your close time and empower your company with growth and continued success.

Managing Your Accounts Payable: A Guide for Small Business Owners

Written by Mark Byrd on . Posted in Trusted CFO Solutions Blog Posts.

Are you tired of the countless hours spent managing your accounts payable (AP)? Do you want to streamline your accounting process to save the time and money spent on manual tasks on Quickbooks? 

With a growing business, it’s easy to outgrow the accounting systems you’ve relied on since the conception of your company. By moving to Sage Intacct, you’ll gain valuable, actionable insights and true visibility into your business performance while simplifying the AP process.

The Tech Stack for Your Accounts Payable

Technology has revolutionized how we do business, and accounting is no exception. With the right accounting tech stack, you can automate your accounts payable process, improve accuracy, and reduce the risk of costly errors. Here are some of the tools you can use to streamline your accounts payable process:

  • Cloud Accounting Software. Cloud accounting software like Sage Intacct can help you manage your accounts payable more efficiently. You can track invoices, payments, and expenses in real time and securely access your financial data from anywhere.
  • Electronic Payment Systems. Integrating with electronic payment systems such as Expensify and Bill.com can help you make payments quickly and even automate the process. By eliminating the need for double data entry or paper checks, you’ll cut your time spent with manual entry by half (—or more!).
  • Optical Character Recognition (OCR) Technology. OCR technology scans and digitizes your invoices and receipts, making it easier to stay organized. OCR can also extract data from your invoices and reduce the need for manual data entry.

Simplifying the Day-to-Day Accounts Payable Processes with Sage Intacct

Once you have a solid strategy for your tools and technology, it’s time to focus on the processes and controls that will help you manage your accounts payable effectively. Here are some key elements you need to keep in mind to keep your business running smoothly and minimize your financial risk:

  • Three-Way Matching — This involves matching your purchase order, invoice, and delivery receipt to ensure the invoice is accurate. Three-way matching helps prevent overpayments and catches discrepancies early on. Sage Intacct utilizes an auto-matching feature to improve the accuracy of invoicing and reconciling your accounts.
  • Internal Controls — Keeping tight internal controls will ensure your accounts payable process is accurate and reliable. This includes the segregation of duties, approval workflows, and regular audits. With Sage Intacct, you define the invoice workflows and approval thresholds, so nothing falls through the cracks.
  • Reconciliations — Reconciliations involve comparing your accounts payable ledger to your vendor statements and ensuring they match. Sage Intacct provides centralized access to all your financial data, from bills and payment status to approvals and audit trails, so you can be sure your financial statements are accurate.

Streamlining Your AP Process With Trusted CFO Solutions

Whether you’re in the process of establishing an accounting team or already have a strong accounting department, a comprehensive accounting solution can help improve your accounts payable workflows. Sage Intacct is a cloud-based accounting software that allows your team the flexibility and control to focus on more strategic financial tasks to grow your business.

Contact CFO Solutions to learn how we can help you tap into the power of Sage Intacct Accounting and implement the best internal solutions to set yourself up for success.

How to Save Money During Audit Season With Sage Intacct

Written by Mark Byrd on . Posted in Trusted CFO Solutions Blog Posts.

Getting audited isn’t something businesses look forward to. If you’ve been in business for a while, you are all too familiar with this dreaded — but mandatory — activity. Audits cost your business hundreds and thousands of dollars, taking up countless hours researching transactions and data logs, or painstakingly tracking down supporting documentation.

Auditors are responsible for ensuring your records are accurate and compliant, reviewing all areas of your financial information. Unorganized spreadsheets and QuickBooks files require much more work and clean-up, leading to a costly audit and an unhappy auditor.

Transitioning to a system like Sage Intacct will save you time and money, helping you survive audit season. Here’s how:

Next-Level Efficiency: Streamlining the Audit

Feel prepared for your next audit. You could improve your finance efficiency by as much as 60%, significantly impacting the time spent on audits. Streamlining the audit process with Sage Intacct will make the process much smoother and save time for your finance team by:

  • Automating data collection specific to the audit, offering better financial insights.
  • Increasing visibility in the movement of your files, data, and business performance.
  • Maintaining compliance with industry and government regulations.
  • Securing your data with robust cloud security and user controls.

Enriched Financial Reporting With Drillable Dashboards

Role-based, custom dashboards help auditors get to key information faster. With an auditor-specific dashboard, you’ll be able to tailor the reports, charts, and data shown in a quick-to-digest format, delivering more comprehensive and relevant information to the auditor.

Sage Intacct provides deep visibility into your financials with access to advanced dashboard visualizations, while the drill-down capabilities go beyond the dashboard metrics. The reports link to related transactions and key granular data, so the auditor can quickly find supporting documentation to back up the numbers. This directly affects the time spent on data accuracy and collection, while giving you confidence in your numbers.

Effortless Audit Trails Powered by Automation

With an automated audit trail, eliminate the need for manually tracking who accessed a file, what changed, and when an entry alteration happened. Each log notates this information along with keeping a record of the previous values or status before the change. Incorporating a continuous audit log into your financial toolbelt equips your business with more transparency and accountability that your auditor will thank you for.

Automating key audit functions does more than save company time. Address specific industry needs, improve internal controls, and gain a richer understanding of business performance —all within the framework of Sage Intacct.

Looking to learn more? Reach out to Trusted CFO Solutions to discover how you can manage your financials like a pro with features that the leading accounting software brings to your fingertips and be better prepared for your next audit.

Control Your Inventory With Cloud Management Software

Written by Mark Byrd on . Posted in Trusted CFO Solutions Blog Posts.

There are many factors outside of your control that affect inventory. All levels of supply chain operations are being impacted globally, from sourcing raw materials to the end consumer. 

The disruption caused by the pandemic only heightened the need for optimizing inventory management. That’s why 72% of businesses plan to reinvent their supply chain with real-time visibility powered by automated technology, sensors, and analytics.

Learn how to make the most out of your day as a financial controller, taking a proactive approach to inventory management and prioritizing strategic solutions.

Responsibilities of the Controller

Inventory management involves the high-level oversight of a controller. Your primary goal as a financial controller is to ensure sufficient stock is on the shelves to meet customer demand while keeping overhead costs at a minimum.

The last thing you need is to have too much stock on hand, eating into your available cash flow —or not enough, which leads to customer disappointment and lost business. By establishing a system for your team to effectively control the supply and demand of your inventory, you’ll see a positive impact on your bottom line and maximize profits.

While your warehouse managers and production planners oversee the scope of day-to-day inventory control, you need tools that will help you hone in on the following:

  • Eliminating write-offs
  • Ensuring the accuracy of record keeping
  • Managing physical inventory counts
  • Implementing an integrated order-to-cash process
  • Making smarter decisions for product fulfillment

Challenges with Inventory Control

Inventory control is traditionally a time-consuming, endless process. Restaurants often need to conduct physical inventory counts several times a month to keep up with revolving weekly orders, and retail businesses may do them as often as every three weeks. Inventory systems that require lengthy data entry limit your visibility, making it harder to keep up with daily or weekly changes.

Here are some common challenges to look out for if you feel there is a lack of control:

  • Little to no visibility of current inventory levels. Without a true picture of units on hand, it’s difficult to manage future inventory investments and confidently advise the executives of your business on important financial decisions.
  • Problems with inventory tracking. Without a system for tracking real-time order progression and categorizing expired or defective products, your numbers can quickly get out of hand —not to mention put your customers at a safety risk in the event there are product recalls or contamination.
  • There isn’t one source of truth. It’s true that the more stock you have, the harder it is to control. With barcoding and automated data capture, you’ll have centralized information about an order or current inventory levels at your fingertips.

Cloud Inventory Management Solution

Your inventory directly impacts your cost of goods sold (COGS), which is why you must be able to trust your numbers. Sage Intacct addresses the pain points of spreadsheets and limited manual data, simplifying inventory management, so you don’t have to make decisions blindly.

Inventory is a high costing portion of most business operations, using up a big chunk of working capital and current assets. So getting ahead now with the right systems in place will save you huge in the long-term success of your business.

Contact Trusted CFO Solutions to learn more about using Sage Intacct to improve accuracy and uncover actionable insights.

Monitor Your Cash Flow Like a Pro: Insider Tips & Best Practices

Written by Mark Byrd on . Posted in Trusted CFO Solutions Blog Posts.

There is one universal truth we can all agree on in business: money matters.

You must spend money to make money and to do that you need a healthy cash flow. However, cash flow is the number one reason businesses fail. It directly contributes to the long-term success of a business and impacts nearly every decision. Eighty-two percent of those that fail do so because of insufficient funds and cash flow problems.

Formal Cash Management Procedures

Getting the right balance of cash isn’t always easy. Consistent procedures and a realistic picture of your working capital will prevent funding shortfalls and keep your business afloat during financial downturns. 

Formal policies and procedures allow for better control over your cash so you can quickly identify risk and uncover potential problems within your accounting structure.

However, manual workflows are still common among businesses, and this could be hindering accuracy and productivity as you work on maintaining a healthy cash flow.

Best Practices for Financial Clarity and Cash Flow

With software built for cash management, you’ll get the complete picture of your financial position without all of the tedious backend work.

Here are a few best practices that you need as a controller and financial manager for a better cash management workflow:

  • Get to know the numbers. Review your cash flow statements early and often — make this a regular basis.
  • Automate your accounts payable processes. Let your software automatically handle every step of the payment process, from capturing invoice data to payment controls, so you don’t fall behind or get caught up on tedious approvals.
  • Plan for future expenses. It’s not enough to know where your current expenses have been allocated, you must continually think ahead.
  • Reconcile bank records in seconds. With Sage Intacct’s accounting software, your team will no longer be limited by hours spent reviewing transactions and making manual adjustments in spreadsheets and bank portals.
  • Welcome slow and steady growth. You’ve heard the saying, slow and steady wins the race. Well, your business is running a marathon, and if you aren’t prepared to handle rapid growth, it’s a recipe for disaster and cash flow burnout.

The 13-Week Forecasting Model

This model helps businesses create a reliable budget and get an accurate picture of their current financial state. Thirteen-week forecasting allows businesses to plan ahead, giving insight into the most effective use of funds in the following quarter.

With a 13-week cash flow forecast, you’ll be able to:

  • Plan quarterly budgets
  • Analyze weekly details
  • Identify cash shortages
  • Minimize risk

Sage Intacct provides the tools, real-time data, and automation needed to make cash flow planning easier than traditional forecasting methods.

More Than Monitoring: A Trusted Solution

Problems with cash flow won’t go away on their own. With proper planning, policies, and solutions in place, you’ll safeguard your long-term success and be positioned for positive growth. Leverage Sage Intacct to automate manual tasks, create cash flow statements, strengthen internal controls, and increase cash visibility. 

Contact us today to learn more about using Sage Intacct to improve your cash flow and simplify your budget forecasting.

bike rider crashing face first on ground outdoors

Cloud Financials Done Right –Avoiding the Pitfalls of Implementation

Written by Jason Montoya on . Posted in Trusted CFO Solutions Blog Posts.

A financial management system that enhances your organization’s ability to work remotely and close the books faster has never been more important. Cloud systems offer inherent benefits that on-premise platforms just can’t match. The best way to increase the efficiency of your finance team is to move to cloud financials.

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woman working while outside on vacation

Is It Time To Change Your ERP System? Choose a Technology That DOESN’T Steal Your Soul!

Written by Mark Byrd on . Posted in Uncategorized.

Imagine a world where financial reports are delivered in real-time without your direct involvement and you stop working late nights, weekends, and during your family vacations?

As the CFO or Venture Capitalist of a Private Equity Fund, you may already have an ERP system in place. Most companies are running Netsuite, Great Plains, or possibly QuickBooks. 

But, you could be planning to change your direction this year by moving to a newer ERP system. If that’s the case, why not choose a system that quickly delivers what stakeholders want and also gives you more time to spend with your spouse and children during the various weekend trips and vacations that get squandered when an investment firm requests a report at the last minute? It’s a win-win for you and your clients.

Maybe you’ve considered a change but don’t yet have it in the budget. With the many systems your organization is using, managers are experiencing avoidable headaches. Does that include you?

Are You?

  • Struggling with consolidations and allocations on multiple funds?
  • Still using Quickbooks logging into numerous instances each day — as if you’re an adult wearing children’s clothes?
  • Frustrated with spreadsheets loaded with errors and mistakes?

person, outside blurry window, hands, head, black and white

How Do You Keep Up, Without Losing Your Soul?

As a company managing various funds, you have the complex task of creating reports, and quickly. The balance sheet tallies include incentive and management fees to the fund management costs. Unfortunately, in Quickbooks, these numbers must be manually tracked in a spreadsheet, consuming your highly paid people’s valuable time. And, when you have 35-40 funds, this becomes a nightmare, even if you’re willing to burn large stacks of money.

joker, money burning

How do you keep up with contributions, distributions, co-investments, unique preferences, particular needs?

Your management company wants to receive reporting of the funds. How often do you give that to your clients? Is it once a year?

How will you ever hear that they tell their colleagues what a great job you are doing on their behalf?

What if you used an ERP Software that provides you the capacity to…

  • Report key financial performance indicators weekly?
  • Send weekly reports with a net asset value in practically real-time?

So many times, companies make considerable investments to build their software. Why? They are unaware that a solution already exists to resolve their problems.

What happens when a right-hand member of your staff goes on leave or vacation?

One client shared that when their right-hand person, who did everything, went on maternity leave, he didn’t know what to do. Then, he realized that it was a lot harder than he thought to keep up with everything for all their clients.

What was a beast to manage before became “completely unmanageable.”

But, this must be impossible, right?

That’s only possible for people who don’t have a life or a family… for those locked in the office?

locked gated

How Many Weekends Are You Working or Vacations Have You Skipped to Generate Spreadsheet Reports?

How stressful and daunting is your work? Are you anticipating that next crunchtime project, the report you needed yesterday for the top-level management company lending you millions of dollars? Just like that?

How common is this story? You’re leaving for vacation this weekend, and you have to get all your work done before you go. So, you work 90 hours starting on Monday because you want to get everything done so you can take off. But, then Friday comes, and the managing director calls requesting a new last-minute report for Johnny at Goldman Sachs. As you look at the spreadsheet before you, you realize your vacation just got canceled, you’ll be working through Sunday night, and now you have to be the “bad cop” to your spouse and kids.

woman looking outside through a torn hole

What If….?

What if we could show you a system where all you do is press a button, and you never have to work another weekend in your life?

Is that worth exploring?

No more working weekends while you miss your kid’s ballgames, time with your spouse, and vacations!

When large funds entrust you with money to manage, and they say they want this reporting, net asset value fund investments, at least quarterly, and you can’t deliver it, they get agitated. They are known to board a plane, meet you where you are, and harass you until you make it happen.

Your client demands excellent financial reporting, but when you hand them a cobbled-together spreadsheet, that isn’t going to be good enough to keep them happy and coming back to you. The reports you present to your client need to look world-class like they come from sophisticated software.

woman indoors, giving gift

Your Product is the Yield You Give Your Investors

Do you know… What is your product?

Let us help. You manage funds. Fund owners will put their money where the yield is most substantial. There are many Private Equity Firms out there. What is going to make your product (yield report) stand apart?

It’s the packaging.

Consider how your reports look to your clients. For example, are you delivering your reports wrapped in a newspaper (Excel)? If so, your company’s value is under-presented, and under-presented value diminishes the perception of what you do.

Don’t you think that the business owners entrusting you with a billion dollars to manage for them deserve to have your product presented in a wrapper more valuable than a newspaper?

The Four Seasons Hotels and Chick-fil-A are two world-class service organizations. How about an Apple iPhone where the box is just as impressive as the phone?

What if you could save hundreds of hours and that savings could be transferred to your overall operating cost? What if that savings meant you could generate real-time reports? And what if, that report could be delivered in a way that’s reflective of the impressive work done by you and your team?

sage intacct report, dashboard

Sage Intacct Is An Excellent Wrapping — Trusted CFO Solutions is the Right Partner

There are multiple accounting firms like Trusted CFO Solutions that work with Sage Intacct. Many Sage Intacct partnerships will sell you the software, and that’s it.

Choosing Trusted CFO Solutions is choosing a company that understands your situation, your business, and your industry.

You can outsource your accounting to Trusted CFO Solutions. Or, you can hire us to help you set up Sage Intacct and support your internal accounting team who will use it. The team at Trusted CFO Solutions is apprised of accountants and entrepreneurs who do the implementation, hold your hand through the process, and answer your questions. That’s what we do here!

We understand your business and are ready to serve you. While engaged, you call us whenever you need to with your issues, and we get them fixed.

cracked ground, pavement, bandaid

How is QuickBooks Working For You?

Let’s say you have 35 funds and their subsidiaries. In Quickbooks, you have to log in to 35 different companies every day to check cash balances and then plug the numbers into a spreadsheet to calculate them. How many hours are you spending logging in and out and transferring numbers to spreadsheets, which by the way, leaves room for significant error?

What happens when you IMMEDIATELY need those reports for the fund owners? There is no reporting in QuickBooks.

But you do have other options available that do provide reports. Sage Intacct dashboards are what CEOs have been asking for years.

It’s time to get out of Excel spreadsheets and have what you need so your boss no longer comes down on you. Then, when you have what he asks for, you are finally free.

Partners shaking hands, business deal

What Makes Sage Intacct ERP Different?

Sage Intacct dashboards are what CEOs have been asking for years. This financial management solution is:

  • The number one in customer satisfaction
  • Able to consolidate 100s of entities in seconds
  • The AICPA preferred financial management solution
  • A Salesforce Platinum ISV Partner

It’s time to say goodbye to Excel spreadsheets and hello to the reporting you need so your boss no longer comes down on you. When you have what he asks for, you are free to take your family time, weekends, and vacations back.

For a deeper dive into Why Sage Intacct ERP is different, click here.

What Else? What Value Does Trusted CFO Solutions Deliver for Private Equity Firms?

We provide fully customized dashboards giving you advanced financial reporting for management and limited partners allowing management to perform continuous real-time consolidations and automation of multi-entity and inter-company transactions.

What we provide eliminates errors caused by manual projects done in Excel and allows finance and accounting teams to collaborate creating a robust audit trail for auditors.

Our team at Trusted CFO Solutions is here to help you rationalize your back office, get away from using spreadsheets, and give your weekends back to you.

To take the next step or learn more book your 30-minute complimentary consultation.

mark byrdAbout The Author

Mark is an accountant at Trusted CFO Solutions who “combines his intellect with a very astute knowledge of the capital markets to deliver a winning combination to any business venture.”
>> Connect with Mark on Linkedin here.

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You Don’t Need Microsoft Power BI with Sage Intacct’s Interactive Visual Explorer

Written by Allison Miller on . Posted in Trusted CFO Solutions Blog Posts.

Does the world need another acronym? AI, ML, BI – Who cares? The world is changing. And that’s not all.

As the CFO, there’s always some shiny new toy being pitched by the, wait for it – CRO, CTO, CMO & PM. Technology has entered a new frontier, moving from the Age of Information to the Age of Answers.

If you’re like other CFOs, you probably want a good dashboard to monitor KPIs & a tool that lets you visualize data across the firm. A lot of people are familiar with Power BI, but that usually requires a consultant and a bolt on to your current systems.

Sage Intacct‘s Interactive Visual Explorer is a tool built into Sage Intacct that lets you explore all of your data within one system.

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Sage Intacct Accounting Dimensions: What is It and How Can It Improve My Business?

Written by Allison Miller on . Posted in Trusted CFO Solutions Blog Posts.

When using the word dimensions, you might think about height, width, and depth. But in this article, we want to give you an overview of Dimensions, a tool inside the Sage Intacct accounting solution software. We’ll also share how to make highly informed decisions for the long-term success of your business with this powerful function.

To get specific, we’ll cover the following topics:

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