inBuild’s Post

𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁 𝗺𝗼𝗱𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀—upgrades, renewals, and scope changes—are at the heart of SaaS business growth. But from a revenue recognition perspective, they’re anything but straightforward. 📊 Do you treat it as a new contract or update the old one? 💡 How do you ensure compliance without losing sight of the bigger picture? For finance and accounting teams, these decisions aren’t just technical—they’re strategic. Missteps can lead to compliance headaches or even missed opportunities to tell the real story of your company's growth. In our latest blog, we break down: ✅ The key considerations for handling contract modifications. ✅ Scenarios where retrospective or prospective accounting makes sense. ✅ Tips for staying audit-ready while supporting agile business growth. Revenue recognition isn’t just a back-office process—it’s a window into the future. Dive into the blog to learn how to master contract modifications with confidence. Link in comments. What’s been your biggest challenge with contract modifications?

Take a closer look at what free contract management software can offer, the limitations to expect, and key tips for finding a tool that’s right for you. https://lnkd.in/dsiQmxeg #ContractManagement #AgreementManagement #AgreementEconomy #AgreementIntelligence #BusinessOperations #Finance #BizOps #Budgeting

Last week, I tackled 𝐢𝐧𝐯𝐨𝐢𝐜𝐞 𝐚𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 for a small business client with just a handful of employees. 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞: They were manually creating invoices from a spreadsheet, which was time-consuming and prone to errors. My mission was to automate the entire process, from invoice creation to sending email reminders. 𝐇𝐞𝐫𝐞’𝐬 𝐰𝐡𝐚𝐭 𝐰𝐞 𝐝𝐢𝐝: ● Designed an invoice template (e.g., [sheets] Invoice, Customer, Settings) ● Set up an email template ● Ensured each spreadsheet row had all the info needed to generate an invoice ● Extracted data from Excel ● Generated PDF invoices and saved them to Google Drive ● Created and sent emails with the invoices attached ● Set up automatic payment reminders 𝐓𝐡𝐞 𝐫𝐞𝐬𝐮𝐥𝐭? It’s working flawlessly! They’re thrilled not to spend 15-30 minutes on each invoice, and the solution automatically takes care of reminders. ... Does invoicing take too much valuable time from you away? Would you like to look into an option to streamline your operations? Don't waste hours on manual tasks, risking errors along the way. 𝐃𝐌 𝑚𝑒 𝑡𝑜𝑑𝑎𝑦 𝑡𝑜 𝑓𝑖𝑛𝑑 𝑜𝑢𝑡 ℎ𝑜𝑤 𝑎𝑢𝑡𝑜𝑚𝑎𝑡𝑖𝑜𝑛 𝑐𝑎𝑛 𝑠𝑎𝑣𝑒 𝑦𝑜𝑢 𝑡𝑖𝑚𝑒 𝑎𝑛𝑑 ℎ𝑎𝑠𝑠𝑙𝑒! Additional Tips: ● Consistent invoicing ensures timely payments. ● Automating repetitive tasks can free up valuable time for strategic work. ● Reducing manual processes minimizes the risk of human error, leading to more accurate records. 𝐿𝑒𝑡’𝑠 𝑜𝑝𝑡𝑖𝑚𝑖𝑧𝑒 𝑦𝑜𝑢𝑟 𝑏𝑢𝑠𝑖𝑛𝑒𝑠𝑠 𝑡𝑜𝑔𝑒𝑡ℎ𝑒𝑟!

📃 Features to look for in the Accounting Practice Management Software 1. Client management 2. Document management 3. Task management 4. Workflow 5. Invoicing 6. Date tracking 7. Project management 🎯Get Demo: https://lnkd.in/diYdRnva #techimply #techimplyupdates #clientmanagement #documentmanagement #taskmanagement #workflow #invoicing #datetracking #projectmanagement

📝 Documenting workflows, procedures, and policies is critical for delegating work while maintaining consistency and efficiency in client work. You can’t delegate effectively without clear guidelines—heck, you may not even be able to do the work well yourself without clear processes. “The hardest part of going for a run is putting on your shoes.” Don’t let yourself be overwhelmed with the thought of crafting up workflows. Start small, with the easiest ones to implement that will create the biggest wins for you. 1️⃣ Document where you are comfortable—likely a spreadsheet. Then, import it into a workflow app to add fun elements like client communications and tasks, dependencies, and automation. Always be iterating. Don’t think you need to build the perfect workflow. Just get started. 2️⃣ Build your workflows based on the outcome you are trying to achieve. • Work backwards from the goal of the process. 3️⃣ Build your workflows based on milestones. Bookkeeping could look like this: • Collect/verify receipts • Clear bank feeds • Reconcile accounts • Review and report • Close books • Add subtasks, best practices and descriptions as you go. 4️⃣ If it is critical it gets done, even if it seems silly to add it as a task - add it. Closing the books is critical and seems like such an obvious task. But it’s easy to forget, and the fallout can be enormous. Don’t let starting be the thing that stops you. Check out Financial Cents here - https://hubs.li/Q02NsSQh0 (20% off for 3 months with code: TWWH)

What does a root canal and invoicing clients have in common? No one wants to do either of them... I often hear from too many Owners that they are spending weekends catching up on 3 weeks worth of time entries to catch up on billing rather than spending time doing the things they truly enjoy. As a business owner, I understand. But, the truth is, you should not have to give up your weekends to get your invoices sent out to clients... There IS a better way. In my latest blog article I dive into the real reason why streamlining and automating your Autotask Invoice process is CRUCIAL to you and your business.. Ready to reclaim your weekends and boost your profits? Read on...

What does a root canal and invoicing clients have in common? No one wants to do either of them... I often hear from too many Owners that they are spending weekends catching up on 3 weeks worth of time entries to catch up on billing rather than spending time doing the things they truly enjoy. As a business owner, I understand. But, the truth is, you should not have to give up your weekends to get your invoices sent out to clients... There IS a better way. In my latest blog article I dive into the real reason why streamlining and automating your Autotask Invoice process is CRUCIAL to you and your business.. Ready to reclaim your weekends and boost your profits? Read on...

What could go wrong with your finance implementation? I asked Catherine Jirak, Nick Blades and Philip Peck that question, and they gave a variety of answers that looks like a how-to guide on what to do...and what to avoid. More at www.AFPonline.com and https://lnkd.in/dBTNxtX. Some of my favorite bits about where clients go wrong: ➡ Overly focused on features. Too many clients just define the features and functions that they are looking for, but it’s even more important to define what business objectives are paramount to the success of the project.  ➡ Vendors who agree too easily. Avoid vendors that just agree with everything their customer says. Our customers spend a lot of money on their implementation partners and are looking for our advice a lot of times. We encourage our teams to push back on the customers when we believe they are going down the wrong path. ➡ Cost cannot be the only decision criteria. The choice of the software vendor and the implementation partner should incorporate a balanced approach, looking at multiple variables and lenses. ➡ Remember...An IT implementation is not about the technology and the go-live date; it is about integrating people and data to facilitate business planning.

At Milient, we've witnessed how inefficient invoicing can hinder business operations. Our blog post dives into methods to simplify invoicing, like distributing tasks effectively and involving project managers more. #BusinessOperations #InvoicingTips

Who doesn’t love nonstop phone calls and the thrill of chasing down unpaid invoices? 📞  Exactly — everyone does! 😅 So, whatever you do, don’t even think about implementing ECM! 🛑 John, our accounting pro, made that mistake, and now he ‘misses’ the chaos of manual approvals and invoice headaches. Who knew that efficiency could be so... boring? 😏 #OfficeChaos #SalesLife #DigitalTransformation #Automation #WorkplaceHumor #ECM