Business Wire announces that Unity Partners LP (“Unity Partners”), a principles-based middle market investment firm, has partnered with the leaders of Prosperity Partners to provide strategic growth capital for the Business.
These aren’t just words, they’re a declaration of our commitment to your success, to pushing boundaries, and to creating a future where everyone thrives. Elevate means transcending what you once thought possible. We’ll help you break barriers, overcome obstacles, and redefine what’s achievable. With every step, we’re propelling you toward new heights.
But it’s not just about surpassing limits, it’s about realizing your true potential. We believe in defying the status quo and unlocking the full scope of your capabilities. Together, we’ll redefine greatness.
Partnership is at the core of everything we do. We’re not just advisors or colleagues, we’re allies on a shared journey of growth. Your success is our success, and together, we’ll scale unparalleled heights. It’s about building lasting connections, collaborating and driving each other forward.
We Commit.
Trust is our foundation. With unwavering honesty, reliability, and transparency, we dedicate ourselves to the path of integrity even in the face of adversity.
We Adapt.
Fueled by intellectual curiosity and a breadth of expertise, we excel at solving problems and crafting creative solutions to emerging challenges
We Build.
We’re not just advisors, we’re business owners and risk takers, dedicated to using creativity and experimentation to sculpt our business into the industry’s best.
We Care.
From supporting our team members’ well-being and growth to empathetically addressing our clients’ needs, we’re a company that puts people first.
We Pioneer.
Our trail-blazing mindset keeps us at the forefront of technological advancements, ensuring we remain relevant and competitive in an ever-evolving landscape.
We Listen.
Every interaction matters. We recognize you have unique needs and are committed to being available and responsive. You’ll experience the best of both worlds – the resources of a larger firm combined with the boutique service you deserve
This summer Prosperity Partners partnered with the Ronald McDonald House to work on their Care Kit Creation Program! Care kits are a great way for groups of all sizes and ages to get involved and support families. The families at Ronald McDonald House are often on the go between doctor appointments, hospital visits, and travel […] Read More
It has been an incredible year so far with so many changes and so much growth! We are excited for all things ahead! Read More
Members of our amazing administrative team celebrated a “golden” night out at the The Admin Awards! Our very own Kristen Schrader was nominated in the leadership category. Such a fun way to celebrate how integral our administrative team is our firm’s success! Read More
CHICAGO —September 4, 2024 — NDH Advisors LLC (“NDH”), a Chicago-headquartered accounting firm, today announced that the company has rebranded as Prosperity Partners, a name that aligns with the firm’s core values, commitment to top-tier client service and mission to be the leading destination for tax and accounting talent. Founded in 2003 as “NDH” by […] Read More
Acquisition of Tax & Accounting Firm Bolsters Prosperity Partners’ Services and Establishes Presence in Santa Barbara DALLAS—June 04, 2024—Unity Partners LP (“Unity Partners”), a principles-based private equity firm, and Prosperity Partners Advisors LLC (“Prosperity Partners”), a Chicago-headquartered accounting business, today announced that Prosperity Partners has completed the acquisition of Santa Barbara-based tax and accounting firm […] Read More
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Six System Objectives for Meeting the New Rev Rec Standards
For the full year ended December 31, 2019, the new standards for revenue recognition will become audit guidance for non-public companies (public companies have reported under these standards since 2018). This global standard –Revenue from Contracts with Customers— jointly authored by the Financial Accounting Standards Board (FASB), and counterpart, International Accounting Standards Board (IASB), creates a framework for revenue recognition consistent with performance and entitlement.
While changes to the timing and amount of revenue businesses recognize will vary depending on the type of contracts they execute, the need to reconfigure accounting/ ERP systems will be broad-based. As a primer to meeting the new rev rec standards, and managing a contract portfolio, we have considered six objectives for your ERP. We look forward to discussing these objectives with you, and helping you to consider your preparedness for ASC 606.
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
Sage Intacct Contract Manager – Meeting the New Contract-Based Rev Rec Standards
To meet the new contract-based rev rec standards you look for ways to modify your existing ERP. This may involve repurposing your system, leaving you with a “Frankenstein” solution.
Alternatively, Contracts by Sage Intacct is architected to meet the new standards, and manage your dynamic contract portfolio. All within a single system, without unsustainable workarounds.
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
New Revenue Recognition Standards ASC 606
As CFO’s prepare to address the new Standard for revenue recognition as required by ASC 606, “Revenue from Contracts with Customers,” they will need to adopt new tactics for managing revenue, and systems to support the Standard. Not only are the narratives of “when? and “how much?” revenue to recognize changed, but broader changes in the economy including subscriptions, pricing models, and disclosures driving changes in how CFO’s maintain their financial systems to support operations and reporting.
We have summarized the core principal, and information relevant to the upcoming changes to both the FASB and IASB treatment of revenue recognition for your review. We look forward to discussing these changes with you, and helping you to consider your preparedness for ASC 606.
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
Sage Intacct Developer – Extending and Customizing Intacct
In managing ERP integrations, CIOs must consider the base ERP platform, Web Services gateway, and integrated application. These form a tripod supporting the workflow.
Intacct Web Services simplifies this workflow giving CIOs powerful XML-based request and response between Intacct ERP, and the integrated application.
NDH allows CIOs achieve optimal performance and return from ERP integration and workflow.
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
Sage Intacct Project Manager – Managing Projects Using Intacct ERP
Project managers take charge of their teams by answering three questions. Or, how do I control my projects? Evaluate my results? Deploy my resources?
Intacct Project Accounting supports effective project management as a fully integrated ERP offering from Sage Intacct. Thus, supporting the integration of activities, and the alignment of overall corporate purposes.
NDH supports PMs success to ensure project success, and company performance.
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
Sage Intacct Entity Manager – Managing Multi-Entity Companies Using Intacct ERP
Our work with the financial managers of multi-entity organizations –those with multiple legal, geographic, and/or business units— led us to consider their most pressing operating needs. Manager’s report they need to accelerate performance evaluation, while maintaining controls for Inter— and Intracompany transactions.
To address these needs their ERP system must have specific capabilities for managing access, processing, and reporting. Please find attached a review of Sage Intacct for meeting these requirements, and Gartner’s assessment for the same.
Available for your consultation, and one-on-one review with our team.
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
Sage Intacct Inventory Manager – Managing Inventory Using Intacct ERP
We’ve sized-up a group of companies managing inventory, including:
• Sellers of finished goods inventory, with need for quick inventory turns.
• Multi-warehouse distributors, who need visibility into location/entity stock.
• On-line retailers, requiring high throughput for large scale processing.
• Service organizations stocking parts to fulfill installation, or maintenance.
With the right ERP, these companies realize improved margins and reduce fulfillment time.
We welcome the opportunity to review 10 immediate benefits in adopting Intacct for your inventory management needs.
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
Sage Intacct Mission Manager – Managing NFP’s and Associations Using Intacct ERP
To meet the mission of your not-for-profit or association, you look for new ways to improve operations. You’ve told us your systems aren’t getting you there, putting your mission at risk.
Referenced here is an introduction to Sage Intacct for NFPs and associations, and how 1,000’s of organizations are improving operations and insight.
To meet your mission, schedule a demo walkthrough with one of our solution specialists, or contact us with additional questions.
Seth Pomeroy, Partner, NDH
312-461-0505
seth@ndhcpa.com
