Revenue recognition updates are pivotal in nonprofit accounting, notably with ASU 2018-08 and ASC 606. Nonprofit finance teams must grasp these changes to make accurate judgments on revenue streams. Government grants, for instance, may be deemed exchange transactions or contributions. Compliance is essential, especially with material deferred revenue at year-end. ASC Topic 606 aligns US GAAP with international standards for global consistency. ASU 2018-08 refines guidance on revenue from contributions. Sage Intacct serves as a compliance partner, streamlining processes for nonprofits.

Key Takeaways:

• Thorough Understanding: Nonprofit finance teams must comprehend and apply updated standards judiciously.
• Diverse Revenue Treatment: Differentiating between exchange transactions and contributions, especially with government grants, is crucial.
• Global Alignment: ASC Topic 606 aims to align US GAAP with international standards for consistent treatment globally.

Ask yourself: Is your accounting and financial management software helping your nonprofit achieve your mission or is it holding you back?

Legacy accounting systems make it difficult to get fast and reliable financial information. If this rings a bell, it might be time for your nonprofit to make the switch to a modern accounting solution.

Before making the leap, it's crucial to understand the implications of all options: on-premises, hosted, and cloud computing. So, how can you tell which accounting alternative is best for your nonprofit?

Whichever solution you choose, you should expect faster financial closes, easier regulatory compliance, less manual work, real-time visibility and reporting, and an outstanding service level agreement.

To help you along your buying journey, download the Nonprofit Accounting Software Buyer’s Guide below. We'll explore why legacy systems make it difficult to get good financial information, what to expect from a modern cloud-based solution, and how to make sure you choose the right solution for your nonprofit organization.

In this guide, you’ll discover:

• Why most financial management software systems hinder your ability to get good financial information
• The six key questions you need to ask before considering a move to a cloud-based financial solution
• Why the process for evaluating software is different for cloud solutions

In this ebook, learn how to develop a 5 step plan for selecting the right fund accounting software for your nonprofit.

While QuickBooks is a popular choice for small businesses, there are hidden costs that can impact your bottom line. This white paper uncovers the hidden costs associated with QuickBooks and highlights the potential financial risks. From limited functionality to manual workarounds, understand the true cost of relying on QuickBooks. Don't let hidden costs drain your resources.

Download the white paper now and uncover the hidden costs of QuickBooks. Make informed decisions, explore alternative solutions, and drive financial efficiency in your organization. Don't settle for hidden expenses—discover the true cost today!

In good times and bad, healthcare CFOs and CEOs need better visibility into both financial and operational metrics to allow for more data-driven decisions. Research shows that healthcare CFOs would like to move away from being a financial “scorekeeper” and assume a more strategic partnership in organizational intelligence and planning.

Download this ebook to learn how to leverage real time visibility and insights to make more informed decisions for healthcare.

Is your growing software company starting to feel the limitations of QuickBooks? It's time to consider upgrading to a more robust financial management solution. In this comprehensive ebook, you'll discover the signs that indicate your software company has outgrown QuickBooks. Explore the challenges of managing complex financial operations, scaling with efficiency, and gaining deeper insights. Learn how advanced accounting systems designed for software companies can help you overcome these challenges and unlock your full potential. Don't let QuickBooks hinder your company's growth and success. Download the ebook now and identify if your software company has outgrown QuickBooks. Gain valuable insights into the limitations of entry-level accounting software and discover the benefits of advanced systems designed for software companies. Don't wait - make the right choice for your financial management needs today!

Never before have financial markets been more in motion.

• Baby Boomers are retiring.
• Millennial and Generation Y investors are entering their prime earning years.
• Environmental, social, and governance (ESG) investing and governance is growing.
• Consumer expectations for a technology-enabled customer experience are trending up.
• Investor loyalty is trending down.

The only way to future-proof your business is to operationalise it. But which technology platform do you move to next? Here are six key reasons why Sage Intacct is the right option. Download the report now to find out how your finance team can work smarter, not harder.

Is your accounting system holding you back? This whitepaper highlights the five signs that indicate you have outgrown your current accounting system. From limited scalability to lack of integration, recognize the signs and understand when it's time for an upgrade. Don't let an outdated system hinder your business growth. Download the whitepaper now and identify the signs that you have outgrown your accounting system. Unlock the potential for streamlined operations, improved reporting, and enhanced financial management. Don't settle for less - upgrade your system today!

CFO 3.0: Digital transformation beyond financial management is a new guide that looks at the evolution of the Chief Financial Officer.

It will show you how technology, such as artificial intelligence and automation, can help you take your finance team and your role to the next level.

CFO 3.0: Digital transformation beyond financial management covers the following topics:

• CFO 1.0: Driving the digitalization of the finance function
• CFO 2.0: The evolution of finance
• CFO 3.0: The Path to ‘Visionary’

As your business grows beyond QuickBooks and basic spreadsheets, limitations arise. QuickBooks, designed for single-user use, hinders professional financial management as complexities increase.

Key takeaways:

• Outgrowing QuickBooks: Over 80% of small businesses start with QuickBooks, but it becomes limiting as complexities rise.
• Need for Greater Control: With multiple locations and entities, there's a demand for more perspectives, faster consolidations, and secure delegation of tasks.
• Competitive Adaptation: Evaluate if sticking to old tools hampers competitiveness or if transitioning is necessary for enhanced financial management.