Discover a wealth of insightful materials meticulously crafted to provide you with a comprehensive understanding of the latest trends.
Discover a wealth of insightful materials meticulously crafted to provide you with a comprehensive understanding of the latest trends.
While exploring key topics for businesses to keep an eye on, the article “Can You Believe We’re Still Talking About Check Fraud in 2024?” caught our attention. It serves as a timely reminder that fraud remains a persistent challenge, even in today’s digital age. One standout takeaway is the practical feature offered by Intersoft ERP, […]
To combat financial crimes like money laundering, fraud, and tax evasion, the U.S. Congress passed the Corporate Transparency Act (CTA), which requires certain businesses to report Beneficial Ownership Information (BOI). This law, administered by the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), aims to create greater transparency in the corporate landscape. Here’s what […]
Will Technological Advancements Lead to the End of the Accounting Profession? The short answer is no, accountants are not likely to be replaced by AI. Instead, AI is poised to become a powerful tool that enhances their capabilities and transforms the profession. The world is evolving at an incredible pace, especially as we move from […]
Are you searching for the best accounting software to streamline your business operations? Whether you’re a small business owner, a startup entrepreneur, or managing an established company, having the right business accounting software is crucial for keeping your finances in check. In this guide, we’ll cover some key facts to help you make an informed […]
The accountant shortage in the U.S. has reached crisis levels, posing significant challenges for businesses and the economy. The U.S. Bureau of Labor Statistics (BLS) projects a 4% increase in accountant and auditor job openings until 2032, amounting to approximately 126,000 accounting roles that need to be filled yearly. However, meeting this demand with a […]
Streamlining Accounts Payable Processing The ProblemToo much time spent matching AP invoices with PO’s and receiving documents to verify and approve them for payment. Key Concerns Matching up materials receipt documentation with invoices for confirmation. Interruptions in the accounting department to locate documentation for review, usually weeks or months after they had been processed. Time […]
Job Manager and the Document Management System The ProblemPrevent over payment of Accounts Payable invoices by providing access to all the relevant documentation to project managers and the management team so that numbers could be verified prior to payment. Contact Intersoft Key ConcernsManpower and time to scan and attach documents.Ability to easily search for and […]
The Document Management System’s Electronic Approval System The ProblemProviding an efficient and structured system for managing the Accounts Payable approval process. The need to have invoices approved in a timely manner, enforcing accountability, and eliminating lost documentation were the key goals for implementing the DMS Approval System. Key Concerns Managing invoices received and pending approval. […]
Document Management for Client Accounting The ProblemFinding an affordable electronic documentation solution which would facilitate storing client documents securely, making them readily available to our team. Having an archive of client documents that eliminated the physical space and manual handling required to file and re-file paper documents. Contact Intersoft Key ConcernsCost of the system and […]
Intersoft ERP’s Client Accounting System The ProblemFinding an accounting system flexible enough to serve a variety of different types of client’s needs. (Manufacturing, Wholesale, Retail, Professional, Non-profit) Contact Intersoft Key Concerns Ability to prepare customized financial statements for differing client needs. Easily import data into and export data out of the system. Manage practice time […]
