Intacct accounting - 2017 Experts Review

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Intacct accounting

40 reviews

Starting from $400 Per month/user

Intacct accounting is a cloud based accounting system developed by a company of the same name to assist businesses in improving performance by getting the most out of the finance department. It offers a broad s

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Overview of Intacct accounting Updated: May 10, 2017

Intacct accounting Overview
Intacct Accounting is a cloud based accounting system developed by a company of the same name to assist businesses in improving performance by getting the most out of the finance department. It offers a broad set of functionalities that are useful for small and mid-sized enterprises.

Intacct Corporation was founded in 1999 in San Jose, California by David Chandler Thomas. The company's main focus is to provide accounting software solutions and financial management tools through a cloud computing platform. Today the company serves over 30,000 users in a variety of industries.

Intacct accounting Average Rating -
The average rating of Intacct accounting is 4 stars. The rating is based on 40 aggregated online reviews.

Intacct accounting Typical Customers
Intacct Accounting is a horizontal accounting system designed for a wide variety of industries, and targeted mainly towards SMBs. Today Intacct is used by thousands of businesses from startups to public corporations, small to large enterprises and non-profit to public administration. Intacct is the preferred financial solution for AICPA businesses.

Accounting put aside, the software turns to be useful in other industries like health care, retail, hospitality, software and finance. Notable customers making use of the software are Eye Care For Animals, ASP Global Services and Rise Interactive.

Intacct accounting Features
Intacct Accounting can benefit companies looking for a cloud based application that could offer them features like financial reporting, multi-currency management, global consolidations, core accounting, order and billing, revenue management and project accounting. All these tools are available on Intacct Accounting and are designed to improve company performance, reduce operating costs, optimize cash management and increase business value.

Intacct accounting 5 Pros
  • Intacct Accounting offers core accounting features like time and expense management, order and billing, global consolidations, and multi-currency management
  • Additional supported functionality includes credit card processing, purchase orders, and e-commerce
  • Full integrationwith platforms such as Salesforce.com
  • Customizable workflow with automated journal entries and bank reconciliation
  • Keeping track of taxes is very easy thanks to the 1099 support and the auto-tax calculator

Intacct accounting 2 Cons
  • Intacct Accounting is only available as a cloud based software, no on premise version
  • Core accounting features such as an audit trail and depreciation are not supported

Intacct accounting Alternatives
Financial Management Suite and Coda Financials are some of the main competitors of Intacct.

Financial Management Suite by Acumatica is part of an enterprise solution portfolio that provides additionally functionality if so required by an organization. It includes core financial features, inter- company accounting, fixed assets as well as multiple currencies. There is an employee portal to track time & expenses and the product supports contract management and credit card processing as well. It is a cloud based solution focused on SMBs and can be accessed via mobile devices as well.

Intacct in comparison is focused on financial management solutions for SMBs. It supports general ledger, payables & receivables, purchase & order management as well cash management. Additional features include project accounting, inventory management, tax & revenue control as well as multi-company support. It is provided as a cloud based solution and offers a certified integration to Salesforce CRM to handle customer management.

On the other hand Coda Financials in addition to core accounting features also supports budgeting, financial planning & forecasting, and process & control automation for financial controls to reduce period closing delays. It handles multiple languages & currencies, and includes a unique link architecture which is focused on a unified financial model that allows reporting on multiple dimensions for better analysis, auditing & financial reviews.

Intacct does not focus on these areas currently, but it does support multi- company implementations. Additionally the product provides an API to support connectivity to third party applications to ensure easy transfer of financial information.

Intacct accounting Pricing Information
Monthly subscription starts from $400 .

25 MUST Ask Questions Before Selecting Accounting & Finance Software

The prime purpose behind investing in the software solution is to boost efficiency and growth. Ask the software vendor (INTACCT) how their business app would improve efficiency of your enterprise.
Software vendors have tremendous exposure to different companies. They offer the same type of software to different industries, so they are better aware of who is doing what with their technological product. This also helps them understand and foresee what’s really working. Allow them to share their observations so that you get an ideas about their experience, expertise, and intelligence. This will also be an opportunity to identify the service providers who come up with the most insightful suggestions.
Perhaps your business is growing and will expand in the future. So you would be interested to know if the software is scalable and can grow with you. It’s no use investing in a solution that can be scaled.
Each business has different needs. Yours is no different. When it comes to selecting a software solution, you are looking for a tool that can be easily customized and configured to cater to your specific business needs. So you want to understand if the software you want to buy is easy to customize.
Such a community forum is the best way to engage users. Getting access to software forums can help new or proposed users connect with product experts through peer-to-peer discussions.
The software vendor should answer how their business software will improve your bottom line and ROI.Most service providers make tall claims, so you want to make sure you get your hands on the best solution.
Before choosing a business app, you want to understand that the implementation would be smooth. So you should be interested to find out about the person responsible for handling the implementation process. Do not hesitate to ask about their qualifications..
A good software vendor should be able to show you a positive track record with their implementation strategy.Try to find out if their method is structured. Your purpose should be to look for one that is structured and flexible to adapt to unexpected situations
The software vendor should give you a structured data conversion methodology that will enable smooth migration of your information to the new system.
A growing business is always in need for expansion and integration with thrid-party apps is a part of the growth model. When it comes to choosing software, make sure the business app provides an application programming interface for easy integration.
Ask the software product vendor if the tool will allow you to export data to an external file or import data from external sources.
Ask the software vendor (INTACCT) if the software package includes consulting hours. Do not hesitate to ask if there are any hidden charges involved.
You do not want to be caught unawares when a software vendor sends a technician to resolve an issue that may crop up due to varied reasons. You want to make sure the charges are reasonable. Better still, you should be aware of what needs to be paid to the technician sent by the vendor to fix a problem.
You do not want to fall in love with the front end unless you are 100% sure that the software is compatible with your existing system. Ask the software vendor is you need any specific hardware to install the software. Will the business application run on your existing workstations. How much space will the software take on the disk drive? Is there a need for RAM upgrade to successfully run the software for optimum performance?
You should enquire about the cost of having more than one terminal in your store. While some software vendors charge on the basis of the number of store locations, others charge per terminal.
When you are looking for a software solution, make sure you know if the vendor charges any fee to get you started. You should also be interested to know if there are any software maintenance charges for you to pay.
Your business is accountable to customers, regulators, employees, and partners. So you should look for one software vendor who has adopted a comprehensive, technically sound security and compliance program. Does the vendor map your needs for security controls?
Data loss can prove extremely risky for any business. So you should always ask the vendor about their backup policy. How often is data backed up and what is the cost for the same?
What is the software vendor's policy on disaster recovery? Are any charges involved for disaster recovery support if a catastrophic hardware failure affects your system?
How easy is the software to work on? Is it user friendly for your end users? Does it involve any complexities that are difficult to understand for the team? Even a feature-rich solution is of no use if end users find it difficult to use.
The software provider should clearly mention whether the solution is complex or simple to use. If it is not an easy-to-use software solution, then do they provide training? What is the level of training your team requires to make the most of the solution?
You will be interested to know about the software updates. When is it updated? Does the service provider notify customers when the upgrades are scheduled? Does the software work when the upgrades are under way? How long does the process take?
You should be interested to enquire about how an issue is handled at the side of the software vendor. Do not hesitate to question about who will respond to your emergency calls. What is their experience in software industry?
If the software vendor is widely popular, chances are that they have a good product. So always check their client base to measure their product's competence in the market.
Testing is crucial to ensuring that the software runs as promised. So you should try to find out if the vendor offers any free trial runs or try before you buy the product. By testing the concept first, it gets easier to understand the software product's functionality and allay fears before signing a contract.

Intacct accounting Pricing


Intacct accounting Categories


Specifications

Company:
Address: San Jose, CA
Customers: Small business, Medium business, Large business
Business Area: Cross Business Areas
Platforms: Desktop, Cloud
Operating Systems: Mac OS, Windows, Linux

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Intacct accounting Features

Intacct accounting - 10 Alternatives

Financial Management Suite and Coda Financials are some of the main competitors of Intacct.

Financial Management Suite by Acumatica is part of an enterprise solution portfolio that provides additionally functionality if so required by an organization. It includes core financial features, inter- company accounting, fixed assets as well as multiple currencies. There is an employee portal to track time & expenses and the product supports contract management and credit card processing as well. It is a cloud based solution focused on SMBs and can be accessed via mobile devices as well.

Intacct in comparison is focused on financial management solutions for SMBs. It supports general ledger, payables & receivables, purchase & order management as well cash management. Additional features include project accounting, inventory management, tax & revenue control as well as multi-company support. It is provided as a cloud based solution and offers a certified integration to Salesforce CRM to handle customer management.

On the other hand Coda Financials in addition to core accounting features also supports budgeting, financial planning & forecasting, and process & control automation for financial controls to reduce period closing delays. It handles multiple languages & currencies, and includes a unique link architecture which is focused on a unified financial model that allows reporting on multiple dimensions for better analysis, auditing & financial reviews.

Intacct does not focus on these areas currently, but it does support multi- company implementations. Additionally the product provides an API to support connectivity to third party applications to ensure easy transfer of financial information.

1
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Intacct accounting User Reviews


Intacct accounting News (2016)


15 Apr

Intacct Named One of the Best Places to Work for 2015

SAN JOSE, Calif., April 15, 2015 /PRNewswire/ -- Intacct, a leading provider of best-in-class cloud ERP software, continues its streak as an outstanding workplace. On Tuesday night, the Silicon Valley Business Journal and the San Francisco Business T.read more


26 Feb

Cargas Named Intacct Premier Partner

Cargas Systems is proud to announce that Intacct, a leader in cloud financial management software, has recognized Cargas as an Intacct Premier Partner. Based in Lancaster, PA, Cargas specializes in SMB software and consulting solutions for a broad ra.read more








21 Nov

Intacct Named an Awesome Application for 2015

Intacct, a leader in cloud financial management and accounting software, today announced it was selected as a 2015 Awesome Application by The Sleeter Group, a consulting group dedicated to researching the marketplace and finding the best accounting t.read more









07 Aug

Intacct Announces New Premier Partner Program

Intacct, a leader in cloud financial management and accounting software, today announced the launch of a new Premier Partner Program. This new program was built to recognize a network of Intacct partners that deliver comprehensive, high quality serv.read more




A buyer's Guide to Accounting & Finance Solutions

Accounting & Finance Software Buyer’s Guide
 
Whether you’re in a small business or a corporation, accounting and financial systems are essential backbones of your operation. Income statement, balance sheets, and tax declarations all rooted from one important department – the Accounting. The intensifying campaign of public and private authorities against financial frauds is a loud call for all businesses to strengthen their accounting measures.
 
In compliance to Generally Accepted Accounting Principles (GAAP), the purpose of accounting software is to consolidate accounting processes into a single information system. It is a financial management solution that caters a variety of financial programs for any industry and size of organization. Whether you will be getting it for free or on a premium-based subscription, you need to be cautious when getting your accounting software. So here’s the Buyer’s Guide from ITQlick.com that will give you more insights about accounting solutions.
 
Types
There are two important factors to consider when deciding on which accounting solution is to acquire. First is the type of market where you operate and second is the type of application that you need. It is highly recommend that you start with identifying the market base on the size of your business and then proceed with pointing out what applications are really needed by your business.
 
By Market Level
 
Personal Accounting
It is simple and basic, good enough to manage your accounts payable, receivable and budget. It’s for a start-up home-based business.
 
Low-end Market
Types of software on this market have general accounting functions – general ledger, bookkeeping, etc. However, since they are low-end systems, they may not be GAAP compliant and their security features are very adequate.
 
Mid-market
If you’re looking for industry-standard accounting system, it’s on the mid-market category. Other than general accounting functions, this type of software can be purchased bundled with other management information systems.
 
High-end Market or Tier 1
Highly customizable, complex and expensive are what describes accounting software under this market. Usually part of a more sophisticated Enterprise Resource Planning (ERP) system, high-end accounting solutions also require high level of implementation.
 
Vertical Market
If you’re a niche market (banking, construction, real estate, etc.) player, then an industry-specific accounting software is for you. Software under this market are generally custom-built.
 
Hybrid Solutions
Both features of the mid-market and high-level market solutions are on this accounting solution. It has the features of the technology like SaaS and of ERP systems that have advance customization and extreme scalability.
 
By Application Type
 
In software development, different business transactions will have their equivalent software modules. Accounting solutions follow this practice by segmenting an accounting system into different modules or sub-systems base on their application. Here are the available accounting solutions in the market today.
 
  • Core Accounting
  • Project Accounting
  • Fund Accounting
  • Inventory Management
  • Billing and Invoicing
  • Budgeting and Forecasting
  • Fixed Asset Accounting
  • Fixed Asset Management
 
Whether you’re looking for a basic system, an enterprise solution, or industry-specific, best-of-breed solution, concrete knowledge and understanding of the market and of the different software applications available are keys to your smooth, well-executed software purchase.
 
Features
When it comes to features, your accountants and CFO can greatly help in figuring out if a solution has all the functions and characteristics needed by your business. Invite them into your kick-off meetings and find out if these features are available in your prospect solution.
 
Accounting and Business Features
It doesn’t necessary to be an all-in-one package. But the basic accounting tools plus the non-core accounting modules that are important in your everyday business operation such as purchase requisition, timesheet, and payroll must also be available in the system, if not all.
 
Time-Saving Features
When talked about convenience, an accounting system must not be difficult to use. Features like automated billing, customer’s online access to their accounts, and wide options in reporting must be available. Automation and time-saving always coincides.
 
Remote Access and Mobility
Check if the accounting software has mobile versions and ensure that these versions are compatible with the type of phones your employees are using – iPad, Android phones, Windows-based. Remote support offered by the Virtual Network Computing (VNC) technology is a feature that you should also consider.
 
Add-ons Business Services
Credit and debit card processing, e-commerce website integration, and payroll processing are just some of the additional features present on much modern accounting software.
 
Solutions per Market, per Vendor
Excellent sources of information for accounting solutions are websites, like ITQlick.com, that publish reliable reviews, rankings, and benchmarking. Expensive software doesn’t mean that it’s the right software for your business. Inexpensive and even free solutions cannot guarantee you a fool-proof accounting system but they could be the right solution. Review this benchmark prepared by ITQlick.com experts for more information.
 
Vendor Accounting and Business Time-saving Remote Access and Mobility Add-on Services
 FreshBooks 10 9.38 10 7.5
 QuickBooks 8.75 10 9.38 8.75
 SageOne 10 8.75 6.25 8.75
 Zoho 10 8.75 8.75 6.25
 Xero 10 6.25 8.75 8.75
 AccountEdge 8.75 9.38 5 7.5
 Less Accounting 8.75 8.75 6.25 5
 WorkingPoint 8.75 7.5 8.75 3.75
 FreeAgent 8.75 7.5 6.25 5
 Yendo 7.5 7.5 6.25 5
 
Above vendors are offering cloud-based solutions and are between the low-end to mid-market level. On the other hand, top players (and their product) in the mid-market are Sage ERP 300, Microsoft Dynamics NAV, SAP BusinessOne, Epicor 9, and Macola ES. High-level market (or Tier 1) leaders are Infor, JD Edwards, Lawson, Oracle, People Soft, and SAP.
 
Pricing Considerations
From the list of vendors in our benchmark sheet, both Zoho and FreeAgent have $24 per month per unlimited number of users’ subscription price. The average subscription price for these ten vendors is $17. With this average, a company with 25 users will spend around $5,000 a year. Still not accounted are the costs of implementation, customization, training, and support services. A client will roughly spend 50-200% of the price of software in implementation and consulting services. These are the variables to consider in the Total Cost of Ownership (TCO). Accounting solutions sold as part of a more complex ERP system will have a TCO from about $100K up to a whooping $50M.
 
Market Trends
The cloud technology is a hot trend in accounting software. Among of the reasons on why businesses choose to operate in the cloud today is because of lower upfront costs and faster time of implementation. Most accounting software today has comprehensive functionality. It is not just one or two modules but multiple modules on a single package.
 
Business intelligence tools with accounting software are on their way to development. This is about integrating system over system to maximize the efficiency of single but more powerful software.
Finding the right Accounting & Finance software for your business
Proper Accounting & Finance software selections are the precursor to successful deployment and business growth. Finding the right Billing & Invoicing solutions doesn’t have to be complicated, and it doesn’t have to take days or weeks of your time.

After researching over 2,000 systems, we can identify the best solution for companies of all shapes and sizes. ITQlick.com is 100% free for software buyers.


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