Traditionally, many businesses would handle their own accounting, including putting transactions into accounting expenses categories. For larger companies, this often meant that they had a dedicated accounting department for petty cash accounting. However, for smaller businesses, the responsibility typically falls on the owner or manager. Fortunately, advances in technology make outsourced accounting solutions more affordable and accessible.
What does this mean for your accounting firm?
When you join the Sage Intacct Accountants Program (SIAP), you become part of a platform that offers high-level outsourced accounting solutions to businesses that need it most. Sage Intacct has often been a staple software for accounting firms. In fact, it is the first and only cloud-based financial management system to be named a preferred provider by the AICPA. Access to this program allows you to better serve your clients with exceptional accounting services, including procure to pay and cash management.
The SIAP isn’t your average accounting program. Sage Intacct strives to provide high-level professional services to a variety of clients. That means you must offer more than entry-level bookkeeping services. You also must handle more than just tax services.
Many of the best accounting partners offer specialized accounting services as a CFO or controller. The following are just a few of the different solutions you could offer your new and existing clients:
While there are several other different programs available, accounting firms continue to join the SIAP platform for three key reasons:
Whether you are sorting different types of inventory in accounting or doing depreciation accounting, SIAP gives you access to even more insights to help clients make the best business decisions. The Sage Intacct dashboards can be separated by project, product, or location, and they include operational and financial data.
Access to all of this information allows you to create client-specific reports and invoice in accounting. These reports can also be made from reusable templates, so you never have to worry about coding or working spreadsheets.
When you automate more of your accounting functions, you have the opportunity to increase your firm’s productivity. It also allows you to offer better procure-to-pay solutions. Without Sage Intacct, this would only be possible with more staff.
Human error in petty cash accounting can also be eliminated or drastically reduced when you use Sage Intacct as your primary financial software. You no longer have to spend hours reconciling in accounting forms. The data can be put in the appropriate accounting categories and reports automatically.
How often have you been distracted by your software? Are you often worried about losing data? When you upgrade to cloud technology with Sage Intacct, you can spend less time worrying about technology and more time focusing on your clients.
The secure, web-based software means that you no longer have to worry about losing files in emails or having to reformat documents. You also can enjoy the benefits of enterprise-grade security and efficient backup/disaster recovery solutions.
Those aren’t the only reasons that accounting firms continue to join the Sage Intacct platform. Many other accountants find success from the SIAP because of the:
Joining the Sage Intacct Accountants Program means that you and your clients will have access to more resources. Not only will you discover more information about how to market your accounting firm, but you can also find educational programs about cash management and depreciation accounting.
For example, the SIAP can provide you with internal resources that help you better communicate with your clients. A glossary of financial accounting terminology can help answer client questions about “what is cash basis accounting?”and more:
Cash is the most liquid asset, and it can be in the form of bills, coins, cheques, and other currencies.
To answer “what is cash basis in accounting?”, you must know different accounting methods. This is a major method that recognizes revenues and expenses only at the time they are received or paid, not when they are incurred.
A cost incurred to generate revenue.
An invoice in accounting is a document that records a transaction between a buyer and seller.
A completed agreement to exchange goods, services, or financial assets between a buyer and a seller. It is usually recorded in an invoice in accounting.
Reconciliation meaning in accounting is comparing two sets of records to see if they are both correct and in agreement.
As the preferred provider, Sage takes its partnerships with outsiders very seriously. In order to make sure that the partners are offering high-value revenue management services, Sage Intacct has some requirements you must meet as an accounting firm. Before you can officially join the platform, you must make sure that you:
Are you ready to start offering high-value accounting solutions to more clients? If so, you shouldn’t hesitate to join the Sage Intacct Accountants Program. You can sign up through the SIAP link, or you can reach out to Kerr Consulting to see if this is the right move for your revenue management firm.
You can pick up the phone to call one of our helpful service representatives if you have any questions about the program requirements or benefits. You can also contact our helpful representatives through our online form or chat function.