Articles

Is Your A/R Giving You Any Credit?

Traditional banks tend to limit loan amounts to a percentage of the business’s net worth or a percentage of high-quality assets. For many businesses, accounts receivable is one of their most significant assets — and helping your lender appreciate the quality of that A/R can help you borrow the maximum amount at optimal rates.

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First Steps to Client Advisory Success

You already decided (correctly) that you need to adopt new technologies instead of resisting them and outsource routine work to machines while focusing on higher-value advisory opportunities. Here are a few suggestions on how to get started.

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Aging Reports Growing Old?

Too many advisors and small businesses still use aging reports to measure how well businesses are collecting payments. AR aging reports are simply a list of outstanding invoices grouped into buckets of 30 days, which might not even be appropriate for a particular business or industry. We can all do better.

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Our Alternative to the Misleading DSO Metric

Days Sales Outstanding (DSO) is a poor and misunderstood measure of how long it takes to collect payments on invoices, ie, generate cash. Tally DSO is an improvement on DSO that handles partial payments, adjusts for different payment and sale amounts, and can be compared to performance benchmarks of performance.

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How-to Guides

Connecting to QuickBooks Online

Connecting Tally Street to QuickBooks Online takes about 15 seconds. You must be an administrator or accountant.

Connecting to Sage Intacct

Safely and securely connect Tally Street to Sage Intacct’s Web Services in just a couple of minutes. No data to configure or export.

Connecting to Xero

Connecting Tally Street to Xero takes about 15 seconds, there’s nothing to configure or export. You must be an administrator or accountant for the Xero account.

First, you have full control over Tally Street’s access to your accounting software, which is read-only (we NEVER change anything in your accounting system), and we comply with the security and privacy requirements of each solution. Then all data sent between your accounting software and Tally Street are sent over authenticated and encrypted connections. We then store your data in a multi-tenant infrastructure that separates each company’s data from other companies’ data, and we also store it as encrypted data. We also carefully manage and control all access to and between our internal services with firewalls and other barriers.

It won’t! Tally Street is “read-only”. Tally Street only retrieves customer and invoice data from accounting systems for analysis. This also helps Tally Street handle very large data files without impacting accounting performance. Tally Street never adds, changes, or deletes any data in your accounting systems.

Tally Street is available for QuickBooks Online, Desktop and Enterprise and subject to the same restrictions Intuit places on all apps. You should review our Privacy Policy and Service Agreement. You also should review Intuit’s Data Sharing Policy.

When you connect Tally Street to QuickBooks, you are granting access to accounting data that includes customers, invoices, estimates, sales receipts, credit memos, and other transaction data. Tally Street does not require access to bill, budget, inventory, payroll, or time activity data. Tally Street does not create, modify or process any payments.

Tally Street analyzes invoice-related data to uncover customer stories, help you make better decisions, and anticipate problems before they happen.  The data, insights and recommendations are sent directly to you and your advisor via email and through the Tally Street dashboard.

It’s easy to get started