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2023 highlights: The Faith-Based Finance Collaborative

Explore the sessions from Baker Tilly's 2023 Faith-Based Finance Collaborative (FBFC). Gain deeper insights into industry trends and technologies to better support your faith-based organization.

2023 highlights: The Faith-Based Finance Collaborative

Sage Intacct has a popular tool that many not-for-profit organizations don't use: User-defined books. There are many potential ways to enhance your recording and reporting practices when set up appropriately. 

Learning objectives:

  • Explain user-defined books and their benefits
  • Describe how access is available in the system
  • Identify not-for-profit use cases
  • Create statistical reporting power

A key business function for all organizations is the bank reconciliation process. Sage Intacct has improved and effective ways to make this work for your church/ministry. Learn some tips and tricks for setting up bank recs for success.  

Learning objectives:

  • Explain cash management and the bank reconciliation process in Sage Intacct
  • Identify tips and tricks for setting up bank feeds and transaction templates 
  • Identify ways to troubleshoot common bank reconciliation errors

Dashboards are fun! We just need to be reminded of all the ways we can set them up and use them. Learn about practical tips on building a dashboard and learn the ways they can work for you.  

Learning objectives:

  • Explain what a dashboard is and the types of dashboards
  • Identify the various components and available building blocks of dashboards
  • Plan and strategize for the appropriate type and style of dashboard based on users' needs and requirements, including security options

Learn tips and tricks on how to maximize Sage Intacct when performing month-end close. We will look at reconciliation aids, checklist features and some best practices that can help for a smoother, more efficient close. 

Learning objectives:

  • Identify the steps needed for a successful month-end close
  • Identify ways to utilize Sage Intacct for improved efficiency and effectiveness
  • Understand ways other churches/ministries are conducting a successful month-end close

Take a year-in-review look at Sage Intacct's new features with not-for-profit product management and see what is on the roadmap for not-for-profits in 2024. 

Learning objectives:

  • Identify opportunities for optimization of Sage Intacct
  • Describe and partner in what is ahead
  • Understand how to find additional resources on Sage Intacct and with Baker Tilly

Reporting is the largest advantage and key benefit to Sage Intacct. Learn how to use the different types of reporting that are available and take away some tips and tricks on how they can help you in communicating with senior leadership or members of your finance team. 

Learning objectives:

  • Explain the benefits of various report types within Sage Intacct
  • Identify tips and tricks to improve reporting and make it more efficient
  • Understand new updates and changes to reporting and benefits to churches/ministries

Artificial Intelligence (AI) has transformed various industries, including accounting. AI is automating time-consuming and repetitive tasks such as data entry, bookkeeping and financial analysis. Sage Intacct is incorporating automation in key financial accounting areas that include AI and can help your organization increase effectiveness. Learn how these improvements can help your organization.  

Learning objectives:

  • Explain what is artificial intelligence
  • Describe the latest improvements to Sage Intacct now and for the future
  • Identify ways automation improves accounting processes for not-for-profits

Learn about some more advanced setups in Sage Intacct for bank reconciliations using create/match rules. We will share some lessons learned and effective steps for making these rule setups work for you.

Learning objectives:

  • Describe how create rules and match rules work in Sage Intacct
  • Identify the benefits of setting up rules and what to look out for
  • Identify tips and tricks to help you navigate a better bank reconciliation

Interactive Custom Report Writer (ICRW) and Interactive Visual Explorer (IVE) are modules by Sage Intacct that accelerate your finance reporting capabilities and quickly provide visual enhancements for your readers. Explore the possibilities and learn how Sage Intacct's modules can help for not-for-profits (NFPs).

Learning objectives:

  • Describe how ICRW and IVE work for financial reporting
  • Identify not-for-profit examples of advanced reporting and learn how to explore them in the modules
  • Identify tips and tricks for advanced financial reporting

Smart events and smart rules can really save you time and build in better controls and efficiency for your organization. But you need to know how to set them up correctly. In this session, we will explore how to use smart events/smart rules that are meaningful to your church or ministry. We will share examples and show you what to look out for when setting them up. 

Learning objectives:

  • Define smart rules and smart events in Sage Intacct
  • Identify the benefits of using smart rules and smart events
  • Identify tips and tricks to use with smart events and smart rules

Once you have been on Sage Intacct for a few years you are looking to tackle the NFP reporting that really digs deep. Learn how to use dimensional based reporting and other advanced reporting tips and tricks to build reports that can work for you and your organization.

Learning objectives:

  • Explain the benefits of dimensional-based reporting
  • Identify tips and tricks for advanced reporting that applies to not-for-profits
  • Describe new updates and changes to reporting and benefits to churches/ministries

There are many functionalities available with Sage Intacct's credit card management whether you use a third party vendor or not. Learn some tips and tricks to help you use its functionality effectively. 

Learning objectives:

  • Describe the steps to setup a credit card in Sage Intacct
  • Explain how to enter credit card transactions, reconcile and pay credit card bills in Sage Intacct 
  • Identify tips and tricks for advance payments and charge payoff 

Learn tips and tricks to search for data in Sage Intacct with increased efficiency, understand the different types of data that are available and show how to create the best import templates for your needs. We will also help you on how to watch out for and resolve errors when importing. 

Learning objectives:

  • Identify the steps to build an import template for Sage Intacct
  • Identify tips and tricks to make it effective and efficient and error-free
  • Describe the ways the import template can improve reconciliations and reporting

One thing that is constant for our churches/ministries is change. That change comes in all shapes and sizes. Hear from a panel of peers on the challenges and successes they have had with Sage Intacct and share how they navigated the change management with Baker Tilly. 

Learning objectives:

  • Identify challenges facing churches/ministries with the finance team
  • Identify solutions that have been successful with Sage Intacct and Baker Tilly
  • Describe lessons learned in navigating change management for churches/ministries

Baker Tilly wants to keep you updated. Learn the tax and accounting issues that matter to your organization. 

Learning objectives:

  • Describe the landscape of faith-based organizations today and the challenges and opportunities
  • Identify the top tax and accounting issues for not-for-profits
  • Explore upcoming accounting pronouncements and their impact to not-for-profits

There are so many demands on church finance team members on a daily and weekly basis. How you stay focused and refreshed in your faith and ministry is important.

Learning objectives:

  • Identify how burnout can happen
  • Identify ways to set boundaries to keep you focused
  • Understand the effective outcomes of leading and learning as an engaged team member

Tackle the issues that matter most to your faith-based organization.

Learning objectives:

  • Identify finance and accounting issues for your size church/ministry
  • Explore solutions that involve technology, tax and accounting trends that apply to not-for-profits
  • Describe the challenges and successes for church/ministry of your size