Resource Group Blog Resource Group Blog RSS Feed

Read The Resource Group blog to learn about Microsoft Dynamics GP ERP software and Intacct cloud accounting software


Accounting Software Implementation: Tips and Tricks for Nonprofits

Kim Anselmo - Tuesday, October 18, 2016

Accounting Software Implementation: Tips and Tricks for Resource Group

This is the sixth post in our blog series: Best Practices for Selecting Nonprofit Accounting Software

Congratulations! You've decided upon the right accounting software for your nonprofit, gotten approval from your board and signed on the dotted line. This is truly an accomplishment, but now is when the rubber hits the road – it's time for implementation.

This journey can last anywhere from 3 weeks to 9-12+ months depending on the size of your nonprofit and degree of complexity. This blog post will help ensure a smooth implementation of your new accounting software.

 

Read More >

Is Your Nonprofit Ready for ASC 606?

Kim Anselmo - Wednesday, August 31, 2016

Is Your Nonprofit Ready for ASC 606?

If you're confused about Accounting Standards Codification (ASC) 606: Revenue from Contracts with Customers, you're not alone.

The effective date of the new revenue standard has been deferred until December 15, 2017 for non-public entities, but that still doesn't leave nonprofits with much time to prepare.

Here's some background and what we recommend.

 

Read More >

Orchestrating Successful Nonprofit Accounting Software Demos

Kim Anselmo - Sunday, August 21, 2016

Nonprofit Accounting Software DemoThis is the fifth post in our blog series: Best Practices for Selecting Nonprofit Accounting Software

In order for you and your team to make a final decision on which nonprofit accounting software is right for your organization, we recommend that you have your short list of accounting software providers come in and demo their proposed system.

Most nonprofits don't really think about how to get the most out of these demos. Many just let the presenter perform their standard dog-and-pony show, invite half their organization to attend and then struggle to determine which presenter is the best fit for them. Often, some of the attendees really like one presenter more because of their personality than substance, where the best fit software may have been presented by someone not as strong in presenting.  

Read More >

How to Evaluate Nonprofit Accounting Software Proposals

Kim Anselmo - Monday, August 15, 2016

How to Evaluate Nonprofit Accounting Software ProposalsThis is the fourth post in our blog series: Best Practices for Selecting Nonprofit Accounting Software

Once you've identified your final nonprofit accounting software candidates from vendors and partners, you'll next need to evaluate their proposals.

Considering that the effort is like comparing apples to oranges, here's how to effectively compare so you can choose wisely by leveling the playing field. 

Read More >

Where Did My MR Reports Go?

Romy Andrews - Tuesday, August 02, 2016

MRby Kayla Schilling, The Resource Group

If you have upgraded to Management Reporter (MR) 2012 CU14 or CU15, you may have noticed that your Management Reporter reports are missing from the Dynamics. Microsoft is aware of the issue. Currently, there's no eta on when a fix will be released. However, there is a workaround to help you get your reports back into the GP Navigation List: 

Read More >

How to Find the Right Nonprofit Accounting Software Partner

Kim Anselmo - Monday, August 01, 2016

Accounting Software Selection Partner

This is the third post in our blog series: Best Practices for Selecting Nonprofit Accounting Software

Once your nonprofit accounting software requirements are documented and prioritized, the search begins for the right software and implementation vendor – or, as we like to call it, a partner.

The internet makes it easy to build an initial list of candidates. Some websites even allow you to enter accounting software search criteria to generate a list of candidates but may put you on an email/call list. So, what's the best way to find a vendor and do you really need a partner instead?

 

Read More >

Best Practices for Selecting Nonprofit Accounting Software: Documenting Requirements

Kim Anselmo - Tuesday, June 28, 2016

Accounting Software Selection RequirementsThis is the second post in our blog series: Best Practices for Selecting Nonprofit Accounting Software – The Importance of Documenting Your Requirements

No one wants to do it but documenting requirements from process owners, stakeholders and executive leadership will make or break the selection and implementation success of a new accounting software solution for nonprofits.

If done well, it will enable organizational growth. If done poorly, it could lead to hundreds of thousands of hours of wasted productivity (not to mention damaged reputations) that could otherwise help you advance your mission. 

Read More >

When Should Your Company Start Planning for the New Accounting Guidelines - ASC 606 and IFRS 15?

Kim Anselmo - Monday, June 20, 2016

New Revenue Recognition RequirementsThe new ASC 606 and IFRS 15 revenue management guidelines will have a major impact on public companies in 2018 and private companies in 2019.

The Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) will require companies to reallocate revenue each time a customer contract changes and defer expense recognition to align with the contract's delivery.

As a result, contract add-ons and renewals must be integrated into a single contract and will trigger re-allocations across both past and future periods, causing continuous revisions to revenue allocations and expense alignment. 

Read More >

When Your Nonprofit Accounting Software Needs Replacing

Kim Anselmo - Friday, June 03, 2016

Nonprofit Accounting Software: When It Needs ReplacingThis is the first post in our blog series: Best Practices for Selecting Nonprofit Accounting Software

Having easy access to mission-critical financial information is key to the growth for nonprofits, especially if you are expanding your services, opening new locations and winning more grants.

However, too many nonprofit business decisions are made with educated guesses from a patchwork of financial data drawn from your accounting software combined with spreadsheets, email and hardcopy reports. This time-consuming and error-prone process of consolidating even basic accounting data is a symptom of legacy accounting software. 

Read More >

Dimensional Chart of Accounts

Kim Anselmo - Monday, May 16, 2016

Intacct Dimensional Chart of Accounts | Resource GroupIf you want to track the profitability of each department, branch, project, or just about any other aspect of your organization, you've been out of luck...

Until now.

 

Read More >

Recent Posts


Tags


Archive

Contact