Three Restaurant Accounting Tips

It’s been a difficult year for restaurants around the country. With in-person dining either restricted or prohibited in many states and demand at lower levels than we’ve ever witnessed before, restaurant owners are working harder than ever to keep their business afloat. One way they’re addressing it is through an increased focus on restaurant accounting practices. Before the Covid-19 pandemic, restaurants were already a low margin business. When you consider the numerous costs associated with running a successful restaurant, the challenges of creating a highly profitable dining establishment becomes immediately apparent.  But with a comprehensive restaurant accounting system, your management…
Patrick McAteer
February 3, 2021

Here are Three of the Biggest 2020 Nonprofit Accounting Trends

At times, it seems the field of accounting changes overnight. Keeping up with the nonprofit accounting trends, especially, can be an exhausting task for any team. Business cycles affect every industry. When consumer spending slows, inventories within companies pile up. All of this has a cascading effect on the national economy and directs nonprofit accounting trends. In fact, nonprofits often have it the worst: If people are forced to scrape together funds just to purchase the necessities, it’s unlikely they’ll have much left to donate.  It’s been a long year. The Covid-19 pandemic has had a profound effect on the…
Patrick McAteer
December 22, 2020
AccountingReportingSage SoftwareSoftware SelectionSoftware UpgradeSupport and Maintenance

Sage 100 Wells Fargo Payment Manager Add-on

Timac Business Systems' new add-on seamlessly uses Sage 100's vendor management and electronic payments to process Wells Fargo payment types that upload and integrate directly to Wells Fargo bank. The following Wells Fargo payment types are included: CCR – AP Control (Credit Card) CHK – Next Day Check DAC – Domestic ACH CCD - Corporate Credit or Debit CCP - Corporate credit or debit with one invoice record CTX - Corporate trade exchange PPD - Pre-authorized payment or disbursement PPP - Pre-authorized payment or disbursement with one invoice record Payment Methods can be set as defaults and modified from the…
November 30, 2019
AccountingComplianceReportingSage SoftwareSoftware SelectionSoftware UpgradeSupport and Maintenance

Timac Business Systems Adds Sage Intacct Cloud Financial Management Software to its Portfolio

LOS ANGELES, Calif. – May 21, 2018 – Timac Business Systems, a leading technology consulting firm selling and supporting ERP software for small-to-medium companies, today announced a new partnership with Sage Intacct, the innovation and customer satisfaction leader in cloud financial management software. Sage Intacct’s award-winning applications are the preferred financial applications for AICPA business solutions. Recently, Gartner named Sage Intacct a Visionary in the Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises. The Sage Intacct Partner Program is designed to foster a network of partners that deliver comprehensive, high quality services, support, and…
Robin Saacks
March 19, 2018
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