Sage Intacct: Staffing Firm Bookkeeping
There are a few reasons you need an efficient staffing firm accounting program like Sage Intacct combined with the expertise of an experienced staffing firm CPA on your team. Perhaps the most important reason is that the software and a staffing firm CPA can free up some of your time so that you can focus on other critical aspects of your staffing firm, and you know you need that. Sage Intacct offers intuitive staffing firm bookkeeping features great for businesses of all sizes. Our experienced staffing firm accountants have gathered some of their favorite Sage Intacct features below
Employee And Payroll Reports
A significant function of Sage Intacct is that you can generate data regarding employees under your payroll. When it comes to staffing firms like yours, having access to employee information is essential, not just for your operations, but for your finances as well. Sage Intacct can help you determine your most active employees and manage their payroll all in one place. Our staffing firm accountants can use this data to help you analyze your staffing firm’s performance. We can also help you determine the profitability of your staffing firm and the cost-effectiveness of your current employee pool.
Cash Flow Analysis and System Migration
Sage Intacct can also help you evaluate your staffing firm’s cash flow. With Sage Intacct’s cash flow reports, you can determine the liquidity of your business, identify sources of cash, and manage your operating cash flow. One thing that many staffing firms tend to overspend money on is recruitment. Of course, hiring is vital, but not every campaign is as effective as the other. Without a trusted accounting program by your side, you are bound to face some financial issues in the future. With Sage Intacct, you can analyze each campaign in real-time to help you refine your recruitment tools and reduce costs.
Automated Billing and Payment Services
Once your clients receive your services, you will have to make sure that each of them receives an invoice. Sage Intacct can help simplify this aspect of your business by adding automation to your invoice generation process. You can receive check, ACH, and credit card payments through Sage Intacct to make bill pay a much more efficient for your clients. This feature also helps you reduce processing time and speed up your invoice cycle. You can also set up reminders for more efficient AR tracking.
Simplify Budget and Tax Planning
Sage Intacct offers you access to your budget and actual expenses in real-time through its comprehensive dashboard. You can also control access to this feature to allow your managerial team to use the information present there. Other metrics available in the dashboard are payroll, advertising, and consulting expenses.
Staffing firms like yours need efficient tax planning, especially as your company continues to grow. For example, your staffing firm’s bookkeeping is going to become much more involved and complex as your firm grows which oftentimes causes firms to fall behind and miss major deadlines and penalties. Leave these tasks to the professionals, and stay focused on what your company is meant to stay focused on. A lot of the data collected by Sage Intacct, such as data concerning how finances are spent, will be easily analyzed by an experienced CPA.
Our team of staffing firms accountants can help you transition from your current accounting system to Sage. We can also assist you in migrating your data from one platform to another. If you are already working with Sage Intacct we can help you analyze reports and data from your Sage Intacct account to assist you in the creating an accountability-based financial strategy for your business. You can learn more about our services by clicking the button below to schedule a complimentary discovery call today!
This blog article is not intended to be the rendering of legal, accounting, tax advice or other professional services. Articles are based on current or proposed tax rules at the time they are written and older posts are not updated for tax rule changes. We expressly disclaim all liability in regard to actions taken or not taken based on the contents of this blog as well as the use or interpretation of this information. Information provided on this website is not all-inclusive and such information should not be relied upon as being all-inclusive.