Article
Accrual-to-cash converter
Simplifying financial reporting for construction companies
March 7, 2025
Highlights
The accrual-to-cash converter automates cash-basis reporting in Sage Intacct without disrupting accrual-based books.
- Eliminates manual adjustments: Reduces reliance on spreadsheets and manual entries, improving accuracy and efficiency.
- Seamlessly integrates with Sage Intacct: Works within the system to generate user-defined journal entries for accurate financial reporting.
- Designed for construction accounting: Supports industry-specific needs, including retainage and the ability to report on a cash basis for compliance requirements.
Construction companies need financial reporting that balances accuracy and flexibility. Sage Intacct requires accrual-based accounting for construction subscribers, which aligns with industry best practices. However, many businesses also need cash-basis reports for tax filings, bank reporting or internal financial analysis.
At Baker Tilly, we solve these challenges with innovative, real-world solutions. Our latest customization, the accrual to cash converter, lets construction companies generate cash-basis reports in Sage Intacct — without disrupting accrual-based books or relying on manual adjustments for accrual-to-cash conversions.
Closing the gap between accrual and cash reporting
Accrual accounting provides a complete view of a company’s financial position, but many businesses still need cash-basis reports. Traditionally, companies relied on manual adjustments and spreadsheets to convert their books, often leading to inefficiencies and errors.
The accrual to cash converter eliminates this extra work. With a few clicks, users can generate accurate, on-demand cash-basis reports directly in Sage Intacct.
How it works
This tool is built within the Sage Intacct user interface and follows a simple process