Accountants at professional services firms are constantly struggling to analyze project cost and profitability, create accurate client estimates, and make decisions that shape your client acquisition and retention. You have to manage a multitude of price points, answer for cost overruns, and hunt down people who haven’t submitted their hours or expense reports. With so many things that could go wrong and so much that’s out of your control, it’s important to take command of what you do have control over.
Intacct is built for the professional service business, helping accounting and finance leaders at these organizations to take charge of the organization in order to control costs, maximizing profitability and client satisfaction.
Visibility into More than Just Finance
Gain visibility into your whole business—not just finance—so you can create more accurate client estimates and make more informed decisions. With Intacct business accounting software, your jobs and projects are connected to your accounting transactions.
That enables leaders to see metrics such as profitability by service type, utilization of billable resources, and direct and indirect costs of labor—for one project, some jobs, or all jobs. Intacct can also show you revenue by service type, by location, and other factors that are unique to your business.
Automate Revenue Recognition under New and Old Standards
Consulting companies often charge different rates for different services. Adding to the accounting complexity, those services may each have different revenue recognition rules associated with them. Intacct offers automated, easy revenue recognition. This allows you to use staff for more strategic work and easily get reports on the state of cash flow and deferred revenue.
Intacct streamlines time and expense entry, so your billable staff can get that task done quickly and remain focused on maximizing billable hours. It also automates time-consuming accounting tasks such as indirect costing, project accounting, and more. With greater efficiency, your data gets entered the right way at the right time, making it easier to get accurate Profit and Loss reports.
Leverage the Cloud
Intacct’s business consulting customers chose cloud financials for two main reasons.
- One, it saves time and increases productivity. Remote staff can easily enter their time and expenses, view their tasks, and track their goals—logging in from any browser, on any device.
- Two, you can easily connect best-in-class systems with Intacct, automate the flow of data from one system to the next, and eliminate redundant data entry. Intacct also offers pre-configured integration with Salesforce CRM, so you can see opportunities before they become orders and automate the entire order-to-cash process.