The document discusses a presentation about accounting software for nonprofits featuring Sage Intacct. It includes an agenda covering grant management requirements, field office accounting challenges, federal reporting and compliance, and a demo of Intacct. The presentation objectives are to identify challenges for nonprofits and how Intacct can help with grant management and accounting. Attendees are polled on their organization size, current systems, and desired improvements. Raffa is introduced as a consulting firm that supports over 1,600 nonprofits with accounting systems and other services.
1. Helping Great Organizations Thrive
www.raffa.com P: 202.822.5000 F: 202.822.0669
SEPTEMBER 25, 2018
Financial Management &
Accounting Software for
Nonprofits Featuring
2. Page 1
Introduction & Agenda
Grant Management Requirements
Field office accounting challenges
Federal Reporting and Compliance
Introduction to Sage Intacct
Intacct – Grant Management Solution
Demo
3. Page 2
Learning Objectives – Attendees will learn
Identify challenges faced by Nonprofit organizations
How Intacct’s grant management capabilities
Intacct software overview
NASBA Essentials
Course Update Date: 8/6/18
Course Review By: Glenn Anstead
Course Reviewed Date: 8/6/18
NASBA Field of Study: Information Technology
4. Page 3
Who’s in the room?
Your name and organization
Size of organization
Current accounting system
Challenges & concerns with current system(s)
What would your ideal accounting system look like
Raffa
Buu-Linh Tran – Manager
Jeremy Taro – Account Executive
5. Page 4
LEADING CONSULTING FIRM IN THE MID-
ATLANTIC
• We support over 1,600+ Nonprofit and Professional Services
organizations.
• 300+ specialists on staff at all levels
• Support over 300 Financial System Clients
• Certified System Consultants, Certified Project Management
Professionals, Business Process Consultants
34 YEARS SERVING DC, MD & VA
19 PARTNERS, INCLUDING 12 WOMEN PARTNERS
WOMEN-OWNED FIRM
MULTI-CULTURAL WITH DIVERSITY AT ALL LEVELS
PRIME GLOBAL ALLIANCE MEMBER
Raffa is nationally recognized with access to all the
resources of the largest international firms. Our mission is
be a catalyst for positive, systemic change in our
communities.
WIDE RANGE OF SERVICES
• Technology Solutions
• ERP & Accounting Systems Consulting &
Implementation Services
• Software Development
• Managed IT Services & CIO Advisory
• Audit and Tax
• Managed Accounting
• HR Consulting
• Business Advisory
• Forensics and Litigation Support
• Employee Benefit Plans
• Search and Transition Services
NATIONALLY RECOGNIZED:
• Top 100 Largest Accounting Firms
• Top 100 ERP VAR (Bob Scott & Accounting Today)
• Top 100 and Fastest Growing Value Added Reseller
6. Page 5
Track non-grant financial data
Grant Financial Management (over or under budget)
Financial Reporting
Global Consolidation
Donor Reporting
Grant Billing
Fixed Price
Time and Material
Allocation of Overhead
Release restricted funds
7. Page 6
People (priorities/culture/authorities)
Technical challenges
Different processes
Multicurrency
Different systems
Locations
Support/ Financial Reporting
Reporting to necessary stakeholders (Board of directors, Donors, executives,
program managers, grants managers, etc.)
Nonprofits must account for:
Funds, Grants, Projects, Programs, Budget code, and More
Documentation
8. Page 7
Identify tools to assist with federal reporting
FASB 116 - Accounting for contributions
FASB 958 - Financial statements for NonProfit Organizations
Segregation and auditing of uses and sources of funds
501(c)(3) charitable vs. non-exempt activities
SF-425 Reporting
IRS Forms 990, etc.
9. Page 8
BEST IN CLASS FINANCIAL MANAGEMENT SYSTEM
True Software-As-A-Service (SAAS)
Local Partners
Annual Subscription Costs
Preferred provider of the AICPA
STRONG FINANCIAL & ACCOUNTING FUNCTIONALITY
Outgrowing QuickBooks
Interested in Cloud Financials
Nonprofit Focus
Project Oriented Firms & Professional Services Firms
Business Process Automation
JE, AP, AR, Purchasing, Grants, Bank Rec
Time & Expense
Billing & Revenue Recognition
VERY SATISFIED CLIENT BASE (OVER 12,000 CLIENTS)
WORLD-CLASS DATA CENTER OPERATIONS
99.992% availability for 2017
Industry leading SLA’s
SSAE 16 Audited & PCI DSS Compliant
Successful DCAA Audits
Multi-Company
Multi-Entity
Multi-Currency
Consolidated Financials
Real Time Financial Visibility
Prebuilt Financial Reports
Dashboards
19. Page 18
Based on the percent of the project completed at a given time, i.e. If
percentages for billing are specified, invoicing will take place only when those
percentages are reached
If no percentages are listed, then the percent completed to date at the time you
generate the invoice, will be billed
Can be applied at either the Project or Task level
20. Page 19
Enter Sales Order with Billing Template, Project and Task for full contract
amount, i.e. $200,000
Billing Template – 50%, 40% then 10% Based on Estimated Hours (145 hours)
Enter Time against Project and Task (hours)
21. Helping Great Organizations Thrive
Buu-Linh Tran – Senior Manager
btran@raffa.com
301.279.6511
Jeremy Taro – Account Executive
jtaro@raffa.com
301.279.6504