By Saeward Schillaci, The Resource Group

In 2018, The Resource Group is celebrating its 30th anniversary as a company! What can our journey of the past 30 years teach your business? What are our predictions about upcoming developments in business management applications and accounting solutions? As we look back on what has developed in the past three decades, we are also excited to think about what the future of accounting will hold.

By Laura McDowell, CPA, The Resource Group

As a registered CPA in Washington state and a Sage Intacct consultant with The Resource Group, I work with our professional services clients to eliminate pain points they are experiencing within their accounting practice. One of the main areas they need assistance with is data visibility in terms of reporting and insights.

The transition to ASC 606 for nonprofits is here for some and looms on the horizon for others. Are you ready? Can your accounting software handle the new revenue recognition requirements?

For nonprofits to be fully prepared, it's important to know the following, as covered in this blog:

• Effective dates
• Understanding new revenue recognition rules
• Determining if you have the right accounting software to handle revenue recognition requirements

A few years ago, one of our clients came to us with a challenge. The client was using Microsoft Dynamics GP ERP software, and needed to send payment files to Wells Fargo's Payment Manager.

While Payment Manager is a popular service that allows clients to send large batches of AP files to Wells Fargo for payment processing, the system has a complicated file format that makes it difficult to get the data out of GP into a format that can be uploaded to the Wells Fargo website.

When our consultant tried to make it work with some out-of-the-box software, it turned out to be too big a task.

It was passed to our development team, who, we are proud to say, has a pretty rare mix of programming knowledge. The result was AP Connect – a cost-effective, easy-to-use solution built directly into Microsoft Dynamics GP, so no external applications or integrations are required.

by Saeward Schillaci, The Resource Group

“It is still our aspiration, in everything we do, that we’re going to be the best in the world.” – Tom Jurasek, Director of Product Management, speaking at Sage Intacct Advantage 2017