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ASC 606 & Revenue Recognition Update for Nonprofits

Romy Andrews - Sunday, January 07, 2018

Is Your Nonprofit Ready for ASC 606?

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
 

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Sage Intacct Advantage: Highlights for Prospective Customers in 2018

Romy Andrews - Wednesday, January 03, 2018

by Saeward Schillaci, The Resource Group

Sage-Intacct-highlights“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

 

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3 Ideas We Loved at Sage Intacct’s Advantage 2017

Romy Andrews - Wednesday, December 13, 2017

by Saeward Schillaci, The Resource Group   

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How to Select Accounting Software for Your Project Based Business: A Step-by-Step eBook

Romy Andrews - Tuesday, October 31, 2017

by Saeward Schillaci, The Resource Group

Professional Services Best Practices

So, you’ve decided that you need new accounting software for your project based business (consulting, marketing, SaaS or so forth). From here, you have two options: The first option, which is chosen far too often, is to decide based on simple, arbitrary factors. This might include picking whichever vendor seems the friendliest, using whatever your competitors are using, or choosing based on preferences of friends. This willy-nilly decision-making style is fast and easy, but it doesn’t ensure that the software functionality matches the needs of your business. It’s basically gambling – it might work out, or it might be a total waste of money that results in your business going back to the same outdated spreadsheets everyone used with the old system.

 

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