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 INTERAC, which […]
Beneficial Ownership Information (BOI) Reporting: Rules and Federal Injunction
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 […]
The Accountant’s Future: A Symbiotic Relationship with AI
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 […]
The Ultimate Guide to Finding the Best Accounting Software for Your Business
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 […]
A Disturbing Phenomenon in the Accounting Arena: The Growing Shortage of Accountants in the USA
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 […]
INTERAC for Construction
In the intricate world of construction, managing finances can often feel like navigating a complex maze. That’s where the INTERAC Core Accounting Applications step in, offering a tailored solution designed specifically for the unique needs of the construction trades. This blog explores how INTERAC simplifies financial management by seamlessly integrating core accounting functions, ensuring that […]
INTERAC for Payroll Solutions
Managing payroll can be a daunting task for businesses of all sizes. The intricacies of calculating wages, deductions, and ensuring compliance with ever-changing regulations can lead to headaches for even the most organized HR teams. Enter INTERAC Payroll Software Solutions – a game-changing tool designed to simplify and streamline the entire payroll process. In this […]
INTERAC Application for Franchises
Franchises, with their unique business models, demand specialized tools to streamline operations and enhance efficiency. The INTERAC Applications designed specifically for franchises offer a tailored solution that goes beyond conventional business software. Let’s delve into the key features and advantages that make INTERAC a game-changer for franchises, breaking down the complexities into easy-to-understand concepts. 1. Streamlined […]
INTERAC for Public Accounting
The INTERAC Public Accounting Suite offering more than just traditional accounting functionalities. This tightly integrated, flexible, and user-friendly suite goes beyond the conventional, incorporating client write-up and time and billing applications to empower your team and elevate your overall productivity. At the core of the INTERAC Public Accounting Suite is its seamless integration, creating a […]
The Problem: Time Wasted with AP Documentation
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. Contact Intersoft 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 […]