Michaud Accounting Solutions Blog
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How scary is your month end close?
Does it sometimes seem like you just finished your last close, you take a breath, and it’s time for the next close? It’s the CFO’s version of Yogi Berra’s famous saying, “It’s déjà vu all over again!” Here’s the scary reality: if your financial close processes are...
Having a Heart: Managing Key Performance Indicators for Non Profits
Having a Heart: Managing Key Performance Indicators for Non Profits – Your organization exists because of a desire to change. Your mission may be to educate children, preserve and protect nature, nourish the soul, bring the arts to your community, or strengthen...
What’s so cool about a dimensional vs. linear chart of accounts?
Is your linear chart of accounts slowing you down? Is it difficult to decide which account to use, fix errors during close, and filter transaction by multiple factors? At period end are you exporting data to Excel spreadsheets and spending hours filtering the data to...
Why Faith Based Nonprofits Should Consider Moving to the Cloud for Financials
Why faith based nonprofits should consider moving to the cloud for financials – Budgets are lean at faith-based nonprofits. There are many worthy programs and ministries that would welcome an increase in their budget. As a result, faith based accounting departments go...
Is It Time for Your Nonprofit to Redesign its Chart of Accounts?
Is It Time for Your Nonprofit to Redesign its Chart of Accounts? Has your Chart of Accounts become unwieldy? One sign that it’s time for a new accounting system is that your chart of accounts includes pages and pages of account combinations. Chaos versus control How...Sage Intacct's View from the Cloud
Rob Reid recently got to chat with Harry Stebbings on the 20 Minute VC Podcast, covering a range of topics including: how what it takes to be a great CEO has changed over the last 30 years, whether “management upscaling is the most important role a CEO can do, and how the old school CEO approach is upside down and backward. He shares a few key highlights from their conversation in the following Q&A four-part blog series. Read more >
Artificial intelligence (AI), which can combine automation and algorithms to simulate human intelligence, can help businesses increase efficiency and performance. Increasingly, companies are realizing the advantages of AI and investing heavily in the technology. Global spending on cognitive and artificial intelligence systems reached roughly $12.5 billion in 2017. For the finance community specifically, AI can help distill enormous quantities of data into actionable patterns, and fill in blind spots to help engage clients with greater confidence. Read more >
HSG is a leading healthcare consulting firm that helps hospitals and other healthcare providers develop physician networks, optimize strategy and transition to value-based care. But its own financial management processes were ailing until HSG upgraded from QuickBooks to Sage Intacct. The company has dramatically accelerated financial processes, saving time and money while gaining real-time visibility into the business since deploying the Sage Intacct cloud financial management platform. Read more >
Rob Reid recently got to chat with Harry Stebbings on the 20 Minute VC Podcast, covering a range of topics including: how what it takes to be a great CEO has changed over the last 30 years, whether “management upscaling is the most important role a CEO can do, and how the old school CEO approach is upside down and backward. He shares a few key highlights from their conversation in the following Q&A four-part blog series. Read more >
Is your SaaS company healthy? Are you growing at the right pace? If you don’t have a quick answer to these questions, it’s probably because your business isn’t identifying and tracking key metrics to help you keep a finger on the pulse of your company. How a subscription-based company manages metrics depends on many things, like the services sold, age of the business, number of customers served, and rate of growth. Let’s take a closer look at some best practices that will ensure your SaaS business is managing metrics correctly. Read more >
Nonprofit organizations like Meals on Wheels America can’t afford to waste resources and make guesswork decisions. Meals on Wheels, supporting programs that provide 2.4 million seniors with nutritious meals, friendly visits and safety checks has gained breakthrough insights and cost-efficiency to keep pace with rapidly growing demands. Read more >