LBMC Technology Solutions

ERP & Accounting Software

A Hard hat with a construction scene in the background
ERP & Accounting Software, Sage Intacct

Construction in Progress in Accounting

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Construction in Progress (CIP) accounting represents one of the most complex areas in fixed asset management. The stakes are significant: miscategorized costs trigger audit adjustments, delayed capitalization decisions impact depreciation schedules and tax positions, and poor documentation creates compliance vulnerabilities that surface years later. Construction in Progress is used when a company is building something that takes time to complete—like a new facility, major equipment, or large infrastructure. Instead of recording these costs as expenses or completed assets right away, CIP keeps them in a temporary holding account until the project is ready for use.
This treatment matters because it ensures financial statements accurately reflect what a company owns and how much it invests in long-term assets.

Futuristic Screen with Finance Data
Financial Planning & Budgeting

From ERP Data to Strategic Intelligence

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Enterprise Resource Planning (ERP) systems capture nearly every financial transaction across an organization. General ledger entries, accounts payable, accounts receivable, purchasing, inventory, payroll, and operational metrics all reside in one place. Yet many finance leaders still struggle to answer fundamental business questions quickly.
The problem is rarely a lack of data. The problem is transforming that data into meaningful insight.
As organizations face increasing pressure to improve profitability, manage cash flow, and respond to changing market conditions, finance teams are shifting their focus from producing reports to delivering strategic intelligence. The organizations that succeed are those that transform ERP data into actionable analytics.

A man looking at a gap that symbolizes a budget gap between actual and committed.
ERP & Accounting Software, Sage Intacct

Your Budget Isn’t What You Think It Is…Unless You’re Tracking Commitments

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You approved the budget. The numbers looked right. And then, somewhere between the purchase order and the invoice, you ran out of money. If that scenario sounds familiar, the problem probably isn’t your budget. It’s what your budget doesn’t know about yet. Most financial reports show you two things: what you budgeted and what you’ve spent. That seems like enough until you factor in everything that’s been ordered but not yet invoiced. Purchase orders that have been issued. Contracts that are active. Goods that are in transit.
None of those show up as expenses until an invoice is posted. But the money is already spoken for.
That gap between what you’ve spent and what you’re committed to spending is where budget surprises live. And for organizations managing tight margins, grant restrictions, or project-level budgets, that gap can be the difference between finishing a period in control and finishing it over budget.

A doctor using Sage Intacct
ERP & Accounting Software, Sage Intacct, Technology Solutions

The 15-Minute Sage Intacct Check-Up Every Admin Should Be Doing

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Most Sage Intacct systems are set up once and then left alone. That works fine until it doesn’t. User permissions drift, outdated configurations quietly create problems, and small oversights compound over time into something that takes hours to untangle.
The good news is that a quick, routine check-up can catch most of these issues before they become real problems. This isn’t a deep audit or a full system review. It’s a focused 15-minute habit that any admin can build into their regular routine.

A Woman Pointing at a Computer Screen with Sage Month End Close Dashboard Displayed
ERP & Accounting Software

Never Miss a Step: How Sage Intacct Checklists Keep Your Team on Track

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In accounting and finance, the cost of a missed step isn’t just an inconvenience. It can mean a delayed close, a compliance gap, or an audit finding that ripples across the organization. Whether you’re managing month-end close, onboarding a new employee, or preparing for an audit, consistency is everything. That’s where Sage Intacct’s Checklist feature comes in.
What are Sage Intacct Checklists?
Sage Intacct Checklists are built-in task management tools that let you create structured, repeatable workflows directly inside the system your team already uses every day. Think of them as your finance team’s playbook: a defined sequence of steps that must be completed before a process is considered done.
Unlike a spreadsheet tracker or a sticky note on a monitor, Checklists live inside Sage Intacct, tied to real users, real due dates, and real accountability.

Understanding the Sage Intacct Configuration Change Log
ERP & Accounting Software, Sage Intacct

Understanding the Sage Intacct Configuration Change Log

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If you’ve ever had a system setting change unexpectedly — maybe a user permission, a report layout, or a configuration tweak—you know how frustrating it can be to track down who made the update and why. Luckily, Sage Intacct has built in tools that make that detective work much easier. One of the most powerful of these is what many users refer to as the Configuration Change Log, which is essentially part of Intacct’s robust Audit Trail features.
In this blog we’ll walk through what this functionality is, why it matters, and how it helps finance teams stay in control of their system.

Is Your ERP Holding You Back
ERP & Accounting Software, Sage Intacct

Is Your ERP Holding You Back?

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Your ERP system is the backbone of your business. It touches payroll, inventory, finance, procurement, and more. But like any technology, ERP platforms age — and what once powered your growth can quietly become the thing that stalls it.
The decision to replace an ERP isn’t one to take lightly. Implementations are costly, disruptive, and time-consuming. But staying with the wrong system carries its own steep price: inefficiency, lost opportunity, and competitive disadvantage.
So how do you know when it’s time? Here are the clearest signals.

Financial Planning & Budgeting

From Static Reports to Real-Time Dashboards

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For years, finance teams relied on static reports pulled from ERP systems. These reports delivered clean, structured summaries—usually at the end of a reporting period—and for a while, that was enough. But business doesn’t move at that pace anymore. Today, delays can quickly turn into missed opportunities or unmanaged risks. What worked in a slower environment is starting to fall short. As Bernard Marr, Founder of Bernard Marr & Co. and Forbes contributor, puts it: “Static reports show you where you were. Dashboards show you where you are.”

Closing the ERP Reporting Gap in Modern Finance
Financial Planning & Budgeting

Closing the ERP Reporting Gap in Modern Finance

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Finance teams are running into a familiar problem: the ERP reporting gap. Traditional ERP systems were built for record-keeping and compliance, not for speed or forward-looking insight. The result is static, backward-looking reports that don’t match what modern finance leaders need.
The scale of the issue is significant. According to a 2024 Gartner survey, nearly 70% of finance leaders say their reporting capabilities are too slow to support real-time decision-making. At the same time, a Deloitte study found that over 60% of finance teams still rely on manual data extraction or spreadsheets layered on top of ERP systems, which introduces delays and increases the risk of errors.

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