Review of Intacct Online - 2011

Intacct Corporation - Intacct Online
877-968-0600
www.intaccct.com

From the June 2011 Review of SaaS Accounting Systems for Small Business

Intacct is a fully featured web-based accounting and business management system for small and mid-sized enterprises and accounting practices, providing advanced bookkeeping and operational capabilities, including analysis of business component productivity, automation of many business procedures, multi-entity functionality, extensive integration with outside programs, growth management and deep and flexible reporting output. Intacct is also a preferred provider of cloud financial software by the AICPA’s CPA2Biz.

 Best Fit:
Entities that have outgrown off-the-shelf programs, require greater integration, subscription-revenue accounting. Ideal for service-based businesses, hospitality industry and technology providers. Also ideal for accounting practices that want to run the system in-house and offer access to clients through portals as a solution provider.

Basic System Functions:
Intacct’s primary interface is exceptionally well-designed using the very latest technologies, and is fully customizable based on the user role and the rights they have been given. End users can easily drag and drop menu components onto their personalized master dashboard. Authorized users can also use a drag-and-drop system to easily create new reports and business processes.

For senior management, the primary dashboard can display key business indicators, financials and analyses by business unit or department, while functional managers such as marketing personnel can have at-a-glance views of group and staff productivity, sales comparisons, pending approvals and other data. Menus and options are only visible if the user has specific access rights to them, which greatly simplifies the interface for lower-level users.

Initial setup is guided and aided by Intacct or its resellers, with industry-tailored solutions providing specific capabilities for many industries, including software and SaaS developers, professional and business services entities, hospitality, healthcare, distribution, franchisees and nonprofits. Intacct also offers an industry version for professional accounting firms, with master access and dashboards for firm management of clients and client groups. The Company also offers packages for client deployment of Intacct for their own business management needs. The program can import full data files from most other accounting systems.

Among industry-specific features, the product provides support for:

• Strong project accounting, task management, and billing capabilities for services firms;
• Recurring invoicing and subscription management utilities and accounting for SaaS software companies;
• Fund accounting for nonprofits; and
• Multi-location inventory management and integration with POS hardware for retail businesses.

Intacct can be run on all major browsers using Mac or PC, as well as on fully Internet-enabled smartphones and tablets.