LBMC Technology Solutions Blogs
Inventory, Non-Inventory, or Service?
One of the most common — and costly — setup mistakes happen before a single transaction is ever entered: choosing the wrong item type. It’s an easy fix when you know what to look for, but left unchecked, it can quietly corrupt your reporting, your reconciliations, and your month-end close. Here’s how to get it right.
Understanding the Difference Between Item Types in Sage Intacct
If you’re using Sage Intacct for inventory, purchasing, or order management, choosing the correct item type is more important than it might seem at first glance. Item types determine how transactions flow through your system, how revenue and costs are recognized, and whether inventory is tracked at all.
Using the wrong type can lead to extra work, reporting issues, reconciliation headaches, and operational confusion. In Intacct once you select the item type and save the record you are not able to edit the item type if you selected the wrong type. It can be a lengthy process to correct item types by creating new item numbers with the correct item type. So let’s break down the key item types in Sage Intacct and what makes each one unique.
Choosing the Right Inventory Costing Method in Sage Intacct
Ask ten accountants which inventory costing method is best, and you’ll get ten different answers — because the right choice genuinely depends on your business. But one thing is certain: making that choice without fully understanding the options is a risk no company can afford. Here’s your guide to getting it right in Sage Intacct.
Understanding Costing Methods for Sage Intacct Inventory
Effective inventory management is about more than just tracking quantities—it’s about understanding the true cost of your goods. In Sage Intacct, inventory costing methods play a critical role in how businesses value stock, calculate margins, and report financial performance. Choosing the right costing method can directly impact profitability, tax reporting, and decision-making.
We Tested the Sales Order Agent in Business Central
Microsoft’s D365 Business Central Sales Order Agent promises something genuinely useful: read a customer’s email, check inventory, build a quote, and draft a reply, all without a person touching the keyboard. We built a live test scenario in a Business Central sandbox to see how it actually holds up when a request isn’t perfectly clean. It handled the easy part well. Where it stumbled is the more interesting story, and it’s the reason we still recommend a human in the loop.
When Does Support for Dynamics NAV Actually End?
If you’re running Dynamics NAV today, the clock on your version is already ticking — and for some organizations, it’s closer to running out than they realize. Microsoft has laid out a clear, fixed timeline for when each NAV release loses support entirely, and that timeline is the single biggest factor most businesses underestimate when planning a move to Business Central. Here’s what the dates actually mean, and why waiting rarely saves as much time as it feels like it does.
Cybersecurity in Finance
Financial institutions are among the most targeted organizations in the world. From community banks and credit unions to wealth management firms, fintech companies and accounting organizations—businesses handling sensitive financial data face an increasingly complex cyber threat landscape.
Cybersecurity is no longer just an IT issue. It has become a business continuity concern, a regulatory requirement, a customer trust imperative, and a competitive advantage.
As cybercriminals become more sophisticated and attack surfaces continue to expand through cloud applications, remote work, mobile devices, and third-party integrations—financial organizations need more than reactive support. They require strategic technology guidance, proactive security monitoring, and a layered defense strategy designed to protect critical assets.
LBMC Technology Solutions helps financial organizations strengthen their operations through comprehensive Managed IT Services, TechCare® and TechSecure® solutions—helping businesses improve security, support compliance requirements and build resilience against evolving cyber threats.
Sage Intacct Hacks Every User Should Know
Sage Intacct is a powerful system packed with features designed to make work easier, faster, and more accurate. But many users—regardless of their role—stay focused on the basics and never discover the tools that could dramatically improve their workflow.
Whether you’re entering bills, running reports, managing budgets, approving transactions, or overseeing projects, these high‑impact Sage Intacct hacks can help you work smarter every day.
Automate Accuracy with Smart Rules and Smart Events – Smart Rules and Smart Events are some of Intacct’s most powerful tools for preventing mistakes and keeping workflows moving smoothly.
Why they help everyone
• They enforce required fields so nothing important is missed.
• They stop incorrect entries at the moment of data entry.
• They send automatic alerts and notifications as transactions move through the system.
Examples any team can benefit from
• Prevent bills from submitting without memos
• Require a department, project, or class on certain transactions
• Notify a manager when a payment is made
The Shiny New Toy
AI has become the shiny new toy in the business world. It’s dominating the conversation, from boardrooms and industry conferences to the news and everyday life. Organizations are eager to get AI projects moving, and understandably, no one wants to miss the bandwagon.
I share that excitement. In fact, I’m steering my own career toward AI security and governance because AI has changed, and will continue to change, how we work, live and play. The rapid growth of AI, and more importantly the speed at which people are adopting it, will have a more profound impact on our daily lives than the PC or the internet did. Research from the Federal Reserve Bank of St. Louis found that nearly 40% of U.S. adults had used generative AI within two years of ChatGPT’s launch, roughly double the internet’s adoption rate at the same point. But as a CISSP, one question keeps coming back to me: in the race to become an “AI company,” how do we make sure security, privacy, intellectual property rights and governance keep pace?
It’s a question worth asking early, because it’s much easier to build these protections in from the start than to add them later.
NAV 2018 vs. Business Central
If you’re running Microsoft Dynamics NAV 2018, you’re likely asking one of two questions: “Do I need to upgrade to Business Central?” or “What actually changes if I do?” Here’s a direct answer to both, along with the details behind them.
What is the main difference between NAV 2018 and Business Central?
NAV 2018 is an on-premises-only ERP system with manual updates, no AI capabilities, and a retired Windows desktop interface. Business Central is Microsoft’s cloud-based (with on-prem/hybrid options) successor, built with automatic updates, native AI/Copilot features, extension-based customization, and deep Microsoft 365 integration. In short: NAV 2018 is a legacy platform in extended support; Business Central is the actively developed, modern replacement.
Dimensional Accounting: A New Way for Finance to Work
As organizations grow, so does the complexity of their financial reporting. New entities, departments, locations, programs, grants, or classes all demand visibility, but many finance teams try to manage that complexity by continuously adding accounts to their general ledger. The result is an overgrown chart of accounts, rigid reports, and far too much time spent manipulating spreadsheets.
This is exactly the problem dimensional accounting was designed to solve, and it’s one of the core reasons companies choose Sage Intacct.
In traditional accounting systems, reporting relies heavily on the chart of accounts. Want to track expenses by department? Add accounts. Need reporting by location or project? Add more accounts. Over time, this creates a bloated GL structure that is difficult to maintain and even harder to analyze.