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 get to the meaning behind the transactions?
If we’re using a linear chart of accounts it means that in our quest to get more information and metrics about various aspects of our business – those strings of account combinations are going to longer and more numerous. Bloating is never good, particularly when it comes to your chart of accounts
Better access to crucial data – in real time
Sage Intacct is designed so that you can maintain a lean chart of accounts and use built in, system dimensions. Instead of hard-coding individual accounts, Dimensions offers a more flexible and fast way to delve into the details of your financials.
Click here to see a short video illustrating how Sage Intacct Dimensions works in general and an example of how this modern functionality helped a company closely monitor the financial impact of a marketing campaign and sales initiative on a week by week basis.
The system does more, so you can spend more time on strategic activities
When it’s time to close the books, a lean chart of accounts means fewer errors to correct leading to a speedier close. A speedier close means key financial reports are in the hands of the executive team much faster than before. Not only are you able to spend more time on the strategic role you have, your colleague can too.
It’s amazing the improvements you’ll see when your team is able to make data-driven decisions.
By applying Dimensions within Sage Intacct, you can analyze your business in ways not possible with the restrictive chart of accounts found in entry level or legacy accounting software.
If you’d like to explore how Dimensions could work for your business, Michaud Accounting Solutions welcomes the opportunity to show you just how cool it is – simply give us a call.