Many nonprofit organizations believe they need accounting software and ERP applications designed specifically for them. Let us show you why that’s not true.

The Senior living industry sits at a rare intersection. Demand is trending up, new supply is coming online slowly, and portfolios are changing hands. Opportunity is real, yet margins feel like a balancing act involving labor, operating costs, compliance, payer mix, and the daily grind of multi-entity finance. In this environment, your accounting platform can [...]

Audits and lender reviews are part of the job in senior living. You’re juggling multiple entities, complex, real-time allocations (labor, intercompany, OpCo/PropCo), portfolio-level reporting for lenders and investors, entity-level reporting for operations, and tight timelines — often. Meanwhile, an auditor emails a PBC list (provided by client) or a lender asks for a reporting package [...]

Many senior living teams start the same way: the Electronic Health Record (EHR) runs care, and the books live in the EHR’s rudimentary GL or in multiple QuickBooks files. It works — until growth, lenders, and weekly performance reviews demand apples-to-apples reporting across communities. That’s when a connected approach pays off. Keep resident care and [...]

In the construction industry, profit leaks — also known as revenue leakage — can quietly erode project profitability and undermine financial goals. With complex project dynamics and multiple cost factors at play, profit leaks are common and often hard to detect. They’re like tiny holes in a bucket — if not addressed, they can drain [...]

Profit leaks are a constant threat for construction and real estate development firms. Leaks can come from multiple sources, including untracked change orders, inaccurate labor hours, material waste, and delays. While strong processes are essential for identifying and controlling these leaks (which we dove into in our other blog on profit leak management), technology has [...]

For many real estate developers and construction firms, determining actual profitability is an elusive task. Budgeting issues, change orders, unexpected variances, and fluctuating costs often cloud the view. The key to unlocking true profitability lies in building the right processes and applying disciplined financial management — two elements many construction firms & developers miss, especially [...]

To get straight to the point – when you combine executive analytics software with field service management software like ServiceTitan, the business intelligence (BI) you get as a result doesn’t just transform your field services company’s financials, it can also be instrumental in sales. It’s not always about crunching numbers; it’s about strategically leveraging your [...]

When integrating EDI into the SYSPRO environment, you need to understand the key components to make the process as seamless as possible. Once you know the fundamentals of EDI and its key terms, we can delve into the intricate details of the combined SYSPRO EDI environment. By breaking down the core components and highlighting the [...]

We all know subscription models are everywhere these days. They’ve become so pervasive that clever entrepreneurs pull out all the stops to capture a share of consumers’ subscription dollars. You can now subscribe to a flock of chickens, personalized potato messages, and, perhaps unsurprisingly, to an AI companionship service. All that fun aside, navigating the [...]

Read how Sage Intacct is transforming multi-company accounting Managing the finances of companies with multiple entities and locations presents a unique set of challenges. We’ve seen firsthand the struggles many growing organizations face when managing inter-entity transactions, multi-entity consolidations (including Global Consolidations), and reporting with QuickBooks or legacy ERP applications that simply weren’t built for [...]

Professionals in the HVAC, plumbing, electrical, and other home and commercial field service industries understand how challenging it can be to gain cohesive insight into the operational performance and financial health of the business. Sure, there are many excellent field service software applications available — and of course, there are many accounting software options too. [...]

Have you purchased a smart TV lately? I have, and yes, they are pretty smart. That said, I think I’m smart too, and I still spent a fair amount of time configuring this TV to make it work for me. In other words, it wasn’t exactly plug-and-play. Do you know what else isn’t plug-and-play? Accounting [...]

You’ve likely heard about the lease accounting standard issued by the FASB, as it continues to shape how companies large and small record and report their lease agreements. We’re talking about ASC 842, or Topic 842, which governs how entities account for leases. The standard applies to public and private entities, including nonprofits, and it [...]

There are hundreds of financial reporting tools available to businesses. However, the number one tool remains Microsoft Excel. There’s a good reason Excel has secured such a strong foothold in business. It’s easy to learn and to use, and it’s on every device we own. However, just because it’s the most common reporting tool does [...]

The year-end close process has the tendency to instill a bit of fear among those of us who have been using ERP solutions for a few years. There’s typically a long list of to-dos, with cautions about when to do them, when not to do them, and what order to do them in. The good [...]

You can’t manage what you don’t measure. To measure your cash flow, you need to track Days Sales Outstanding (DSO). DSO is the average age of your accounts receivable, and ideally, you’d like that number to be as low as possible. A higher DSO is an indicator that customers are slower to pay and could [...]

What were you doing last Wednesday at 2:00? How about Friday at 11:30? When we don’t record our time at the moment, we all have a tough time recalling it later. If that were billable time, it might just go unbilled. Professional services organizations routinely leave a meaningful share of billable work uncaptured, and that [...]

A business can close the year showing a solid profit but still find itself short of cash. Receipts often lag behind sales, suppliers expect payments, and obligations come due, creating a cash flow gap. Positive cash flow is critical to your business’s operation and success, and it is a key indicator of a healthy, well-run [...]

One of the most practical places to introduce automation is the accounts payable processing cycle. Lots of repetitive tasks, many approval steps, and a steady flow of invoices make AP automation a favorite with businesses across every industry. What is AP automation and how does it differ from its cousin Procure-to-Pay? What are the benefits [...]

When running your business, there are some basic metrics you want to track to allow you to make the best decisions possible for you and your employees. Gut feelings are valuable, but reliable data can validate that gut feeling or show you something that wasn’t on your radar yet. At their most basic, there are [...]

As your company expands, adds locations, and acquires other businesses, your accounting needs are going to inevitably change with them. With one location, managing the entity was smooth sailing, but it now seems more complex with multiple entities. If you don’t have a comprehensive solution that makes consolidation a simple process, you may be going [...]

Are you sweating over your desk drowning in journal entries trying to reconcile the books so you can do your financial close for the period? Do you have trouble sleeping just thinking about your monthly, not to mention yearly, close? The good news is that there is a better, less painful method of managing your [...]