Cloud Accounting Convergence

Advantages of the Cloud

Exploring The ROI of Cloud Accounting

“What’s our ROI going to be?” If you’re considering moving your company’s accounting practices into the cloud, this is one of the top questions on your mind. You’re making a change to the way you manage your finances—and updating your technology is a big step in the right direction. But how can you be sure […]

Buy with Confidence in the Cloud

What Does It Mean to Buy with Confidence in the Cloud?

Have you ever bought something, only to have buyers’ remorse? It’s a pretty terrible feeling—buying something, only to find out it didn’t hold up to your expectations or worse, feeling like you were the victim of a “bait and switch.” Maybe you made a decision without getting all of the facts, or maybe you were […]

ASC 606 Industry Considerations

Top Obstacles to Revenue Recognition Adoption for Healthcare Providers

The healthcare industry in the United States is unique in many ways—for better and for worse. As the last country without centralized healthcare, providers and producers in the United States are still compelled to innovate and create new solutions that improve outcomes. However, the healthcare system in the US is also immensely complex, with many […]

ASC 606 Revenue Recognition Step five

ASC 606 Step-by-Step Step 5: Recognize the Revenue When/As a Performance Obligation is Satisfied

We’re entering the home stretch—in more ways than one. As we enter the Fall, private companies now have one year and one quarter to complete their transition to the new ASC 606/IFRS 15 standards pertaining to the way that all contracts are managed and accounted for. Additionally, we are entering the home stretch for this […]

Cloud Accounting Medical Practices

How Medical Practices Can Leverage Modern Financial Technology

The medical provider industry has undergone massive change over the past decade, and with possible changes like tort reform on the horizon, provider organizations will need to stay on their game as new innovations and challenges change the landscape that is the healthcare industry. Additionally, providers need to look at omnipresent challenges and threats posed […]

Dimension based Reporting

How Nonprofit Leaders Can Regain Control of Their Chart of Accounts

Leading a successful, honest nonprofit requires a lot of attention to detail. With regulators and watchdogs breathing down your neck, standards boards making the reporting process more complicated than ever, and more competition for donor and grantor money, running a nonprofit is more challenging than ever. Many Reporting Challenges, Many Stakeholders How many people do […]

Five Signs You Need Outsourced Accounting Help

5 Signs Your Company Might Need An Outsourced Accounting Partner

If you’re considering outsourcing any of your company’s financial management or accounting functions, you’re likely bursting at the seams with “so much to do in so little time.” But there are other reasons growing companies might need to hire outside, professional help. Let’s take a look at some common signs that it’s time to call […]

Trade Contractor Accounting Challenges

Three Financial Time Drains for Trade Contractors

There are over 10 million trade service contractors, and while some operate as single independent contractors, many others operate in a larger business unit, with large-scale time management, purchasing, and accounting needs, run either by a business manager or staff who needs to manage purchasing, labor, billing and more. Whether you’re in the business of […]

Step 4 ASC 606

ASC 606 Step-by-Step Step 4: Allocate Transaction Price

With just over a year to go for private companies to have their ASC 606 plans in place, many organizations are yet to have done much to get the ball rolling. This is why we began this series, to introduce you to the various steps involved in recognizing revenue under the new standard. Background As […]

Sage Intacct Acquisition

What Sage’s Acquisition of Intacct Means for the Software Market

If you haven’t heard the news, international leader in software for accounting and finance Sage recently announced that it was acquiring leader and innovator in the cloud accounting space Intacct for nearly $1B. The acquisition was announced in a press release on 25 July 2017, and has had profound impacts on the accounting space. Now […]