Simplify Your Chart of Accounts with Sage Intacct Dimensions
Simplify Your Chart of Accounts with Sage Intacct Dimensions
An expanding chart of accounts is a painful reality for many finance teams. If you have an older accounting system, you likely had to create a whole series of accounts for departments, product lines, and other aspects of your business. Then, at the end of each period, you have to export data to spreadsheets and begin the long process of filtering to analyze the business impact behind the transactions.
Dynamic businesses like yours need a smarter, faster way to view and analyze financial performance. That’s why at Kernutt Stokes, we recommend Sage Intacct cloud accounting and financial management software for our clients. Sage Intacct’s dimensions feature gives you the flexibility to categorize transactions in a way that makes sense for your business.
With Sage Intacct’s dimension-driven reporting, you can access or create reports that analyze real-time business performance by business drivers — without managing a complex chart of accounts.
Add dimension to your finances
At their core, dimensions enable you to independently tag transactions and operational data. Instead of hard-coding individual accounts, you can slice and dice financial information to create a more focused analysis.
Sage Intacct offers a wide variety of pre-defined dimensions, like customer, department, employee, item, vendor, and more. You can even rename and repurpose pre-defined dimensions — or create all-new user-defined dimensions. For example, a nonprofit working with various funds might rename the “class” dimension to the “fund” dimension and use it to track revenue and expenses against different funds.
Use dimensions for any transaction, such as general ledger, receivables, payables, time, revenue management, and more. By tagging multiple dimensions as you enter transactions, you capture more granular operational and financial data tailored to your business. You can even create groups within dimensions, like grouping customers by industry and breaking out reporting by those groups.
Faster close, deeper insights
At period close, a lean chart of accounts means fewer adjustments to make. Use dimensions with dynamic allocations to proportionately distribute costs across dimensions like departments. With Sage Intacct, you’ll close the books in record time and quickly deliver key financial reports to the executive team.
Want Sage Intacct? Talk to Kernutt Stokes
Sage Intacct dimensions will simplify your chart of accounts, so you can reduce errors, close faster, and get critical insights to drive your business forward. Trust Kernutt Stokes, a Sage-certified partner, to help you get the most value from your Sage Intacct investment — including deeper, custom insights for your business. Contact us for a free consultation today.