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Why cloud-based accounting is important
Published on: December 22, 2022

By Jake Jongkwon Lee, CPA

Cloud-based accounting is becoming the new norm for nonprofit organizations, and for a good reason. It has a more sophisticated functionality that facilitates seamless financial work, more so than traditional packaged software.

As an Intacct Accountant Partner for the past fifteen years, NCheng LLP has been able to utilize the Intacct cloud-based accounting solution and its related online business services to meet the needs of its accounting clients.  Intacct was one of the first cloud-based professional accounting software systems when unveiled in 2001.

Just a few of the benefits of this service include:

-Taking maximum advantage of the Internet’s seamless interconnectivity and anytime/anywhere access to enable the delivery of real-time business intelligence in a way never before possible with stand-alone client/server or packaged software solutions

-Facilitating seamless financial work occurring both onsite and offsite which will enable Management to focus on its goals and objectives

-Board members, auditors, or anyone with your authorization to access the system can view the financial reports from anywhere at any time, as long as there is access to the Internet

-All invoices can be viewed electronically in the system. Your auditor can review your books and even source documents online, minimizing travel time and costs.

If you’d like to know more about Sage Intacct, contact NCheng LLP today.  We have successfully transitioned our nonprofit clients to this software system with great results.