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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– it might work out, or it might be a total waste of money that results in your business going back to the same outdated spreadsheets everyone used with the old system.

 

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4 Signs That Your Professional Services Firm Should Get New Accounting Software

Romy Andrews - Thursday, October 12, 2017

by Saeward Schillaci, The Resource Group

4 Signs That Your Professional Services Firm Should Get New Accounting Software

Even for a business with perfect accounting systems and easy-to-manage resources, proper accounting takes time and effort. On the other hand, companies with terrible accounting systems find themselves wasting time and troubleshooting issues constantly.

 

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Best Practices for Nonprofits Selecting Accounting Software

Romy Andrews - Monday, September 25, 2017

by Gary Volland, The Resource Group

Best-Practices-for-Nonprofits-Selecting-Accounting-Software

Nonprofits have unique needs when it comes to accounting. From fund accounting to grant administration, program management to compliance reporting – nonprofit organizations often rely heavily on software to achieve their mission. So how do you know when it’s time to select a new accounting software solution for your organization?

 

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How Intacct Accounting Software Saves Nonprofits a Bundle

Kim Anselmo - Thursday, May 18, 2017

How Intacct Accounting Software Saves Nonprofits a Bundle

Intacct cloud accounting software is increasingly chosen by nonprofits to maximize their “return on mission,” including foundations, healthcare providers, associations, social services, and faith-based groups.

More specifically, Intacct does this by offering three things that save nonprofits a bundle. The first is a standard discount on the software. The second is two additional chart of accounts dimensions for the general ledger. The third thing that helps nonprofits save is a multitude of features that maximize productivity – all of which are documented below.

 

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Accounting Software: Care & Feeding for Nonprofits

Kim Anselmo - Thursday, November 10, 2016

Nonprofit Accounting Software: Care & Feeding

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

The typical accounting software lifecycle is 5-10 years for nonprofits, so you’re looking at a long-term investment. Keeping your new accounting software viable is achieved by implementing upgrades and proactive maintenance.

You just need to plan for it: all vendors have different schedules, with some offering major upgrades every year, quarter and some releasing new service packs every month. All of the above is greatly simplified with cloud accounting software.

Below are additional guidelines to ensure that you get the most out of your nonprofit accounting software so that you can instead focus more of your energies towards achieving your mission.

 

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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.

 

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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.

 

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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.  

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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. 

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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?

 

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