For many small and mid-sized businesses, Intuit QuickBooks is usually the first choice for financial software in the organization’s early days – and for good reasons. QuickBooks is well-known and very easy to use, and it offers the basic functionality that almost any business can use to get off the ground.
Carlson Thought Leadership in Finance & Technology
Does your organization have multiple operating entities? Perhaps you have multiple franchises or entities such as hotels. Do you have international entities and deal with different currencies? Sage Intacct was designed with multi-entity and multi-currency at its core.
The Coronavirus has certainly disrupted most companies’ operations, and many are considering how to continue with their financial solution deployment projects. In all likelihood, the challenges that led to the desire to move away from the current solution (e.g. spreadsheets) in place are now exacerbated even more.
I get asked all the time, “Why make the move to Sage Intacct?”. That is a valid question because after twenty years of working as a Sage100 consultant, I made the move to Sage Intacct last April. The answer is easy - the Cloud. Of course, there are functionality differences between Sage100 and Sage Intacct, but the biggest is where the solution resides and how we use it.
Sage Intacct has introduced a new standard General Ledger dimension balance report, which provides a summary-style presentation of balances with dimension values. The Dimension Balances Report gives you visibility into account balances by dimension in aggregate, rather than filtering one dimension at a time. This is useful for comparing balances by dimension (e.g. location, department, and employee).
Sage Intacct has made the closing procedures for year-end simple. To ensure a seamless transition into the new year, there are still a few factors to consider.