is your chart of accounts out of control?
TRANSCRIPT
Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals
Is Your Chart of Accounts
out of Control?
Proformative is the leading educational resource for corporate finance
professionals.
Announcing the new Proformative Academy:
• On demand video courses taught by peers and SMEs
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Welcome to Proformative
Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals
Is Your Chart of Accounts out of Control?Sharon Carnicelli, Senior Manager of Cloud Solutions, Intacct
Paul Dentler, Senior Sales Engineer, Intacct
World-Class Functionality Spanning All
Financial Needs
General ledgerAccounts payableAccounts receivableCash managementRevenue managementGlobal consolidationsMulti-currency managementMulti-entity accounting
Intacct platform:Integrate, customize, extendCSV file up and downloadXML / API web servicesDevelopment sandbox
Purchasing managementInventory management
Order managementIntegration with Salesforce CRM
Project accountingFund accounting
Automated sales tax
Multi-dimensional reportingBusiness analytics
Role-based dashboardsBudgeting and planning
Time managementExpense management
Award-winningsystem
Deep functionality spanning all your department needs
Access anywhere, anytime on any device
12+ years and 450 person-years of technology development
8,500+ Customers; 51,000+ Business Entities
95%Customer
satisfaction
Services Healthcare ConsumerTechnology
Hospitality OtherNonprofit
FOUNDATION
Growth Companies Are Growing with Intacct
• Brief Intacct overview
• Challenges
• A better way
• Intacct demonstration
• Questions and answers
Today’s Agenda
Businesses must account for:
Locations
Departments
Projects
Vendors
More
And report back to multiple stakeholders:
Executive Management
Department Heads
Regional Heads
Project Managers
More
Businesses Need to Answer Hard Questions
Struggling with reporting and can’t analyze operating data
Inefficient manual processes are draining productivity
Dependence on unwieldy spreadsheets to run our business
We have multiple locations or currencies
We need real-time access to financial data
Require financial consolidations across several business units
Typical Reasons to Change
• Manageable Chart of
Accounts
A flexible Chart of Accounts
is a corner stone for
achieving granular and
flexible organization of
financial data
• Dimensions
Dimensions are a
classification system to help
you organize your company
information in meaningful
ways
A Better Way: Highly Organized Information
+
=
Account Segments
Location Department Project
001 New York 100 Corporate 001
002 San Francisco 200 Engineering 002
003 Dallas 300 Development 003
400 Marketing 004
500 Sales 005
Natural Account
1500 Equipment
75 Account CodeCombinations
Chart of Accounts—Historical Overview
Acct Dept Loc Prjct Account Title
1500 Equipment
Acct Dept Loc Prjct Account Title
1500 001 001 001 Equipment – New York – Corporate – Proj 001
Manage Your Chart of Accounts —Modern GL Architecture
Thank you for your interest in this presentation.
View the on-demand webinar or download the full
presentation at:
www.Proformative.com
Is Your Chart of Accounts out of Control?