Resource Archives: 2019

Posted by: Cheryl R. Olson · Diane Shey · Sep 25, 2019

By: Cheryl R. Olson, CPA, CGMA and Diane Shey, CPA

If you use (and enjoy) the MIP Fund Accounting software solution, it may be time to look at adding functionality to your existing system to extend your investment. Here are four suggestions:

DrillPoint Reports

DrillPoint Reports, released a few years ago, allows you to create Excel reports that are linked to your live data, giving report readers the ability to drill down to the detail. The module allows you to use the powerful Excel features to present your data and add ratios, graphs, and other more advanced Excel features to improve the presentation of your financial data.

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Posted by: Cheryl R. Olson · Aug 5, 2019

In 2017, Washington STEM became the program administrator for the Washington State Opportunity Scholarship (WSOS) program – a public-private partnership established by the Washington State Legislature to increase access to high-demand STEM and health care majors for low- and middle-income students through scholarships and academic support.

Both organizations had been using QuickBooks which wasn’t an ideal solution for tracking multiple programs, projects, and revenue streams over varied and sometimes overlapping timeframes. Reporting proved to be time consuming and error prone because it required multiple spreadsheets and numerous manual entries. The need for one platform with all historical financial information became mandatory.

After evaluating several solutions,

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Posted by: Cheryl R. Olson · Aug 5, 2019

Enhabit, formerly known as Clean Energy Works, based in Portland, Oregon, was using QuickBooks until 2012. At that time, they were growing and needed customized reporting to track expenses by various cost centers, such as departments, restrictions, and revenue sources. In addition, Enhabit was looking for stronger internal controls and built-in audit trail functionality. Overall, QuickBooks was not meeting their current needs and wasn’t going to support future growth.

Enhabit researched Blackbaud’s Financial Edge, Microsoft Dynamics Great Plains and MIP accounting software packages and requested demos of each. MIP® Cloud, was chosen due to the flexibility and customization of the GL chart of account segments,

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Posted by: Hillary Parker · Apr 23, 2019

The latest Clark Nuber PS and Leading Edge Global Alliance (LEA) Manufacturing and Outlook Survey was released earlier this year.  LEA, of which Clark Nuber is a founding member, is the second largest international association of CPA Firms in the world, creating a high-quality alliance of 220 firms focused on accounting, financial and business advisory services.

The 2019 National Manufacturing Outlook and Insights Survey finds that the challenge of gaining a competitive advantage remains critically important. The resilience and success manufacturers have created for themselves will help alleviate the major concerns for 2019.  Read the Survey.

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Posted by: Pete Miller · Apr 22, 2019

By Pete Miller, CPA, CFE

Want to do business with a large tech firm like Google Inc., Facebook Inc. or Microsoft Corp.? Then it’s a must to have strong security and privacy systems. With the advent of  the European Union’s General Data Protection Regulation (GDPR) – the world’s toughest security and privacy standard – and California’s sweeping Consumer Privacy Act of 2018, rigorous security protocols are the new normal.

Large tech players won’t risk that one of their suppliers or vendors could be hacked, thereby exposing customers’ personal information. The potential public relations and legal nightmares could prove catastrophic.

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Posted by: Pete Miller · Jan 1, 2019

By Pete Miller, CPA, CFE

One would think that with all the technology in use today companies would be very good at combating fraud. Unfortunately, that’s not true. Employee theft alone is costing U.S. businesses $50 billion annually, according to the Statistic Brain Research Institute. Continue reading.

Originally published in the December 2018 issue of the King County Bar Association Bar Bulletin.  Reprinted with permission of the King County Bar Association.

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