Project Management: Who’s guiding this ship?

You should see time for “Project Management” listed in your quote. If it’s not listed separately, it’s probably built into the quote. At first, you might balk at more overhead, but a well-managed project will save you money in the long run.

Ask: Will I have a specific project manager assigned to my project? What is this person’s experience level?
Ask to meet your project manager in person. Make sure you like their personality and trust their expertise, as you will be working very closely with this person over the duration of the project.


Insist that this person be at all critical meetings over the course of the project. For the most successful project, assign someone to manage the process on your side and to communicate regularly with the Partner.

Make sure the proposal clearly states who is responsible for what - on your side and the Partner’s side.
For example, who will do the data extraction from your current system to enter into your new system? If the Partner expects to receive the data from you and finds out you cannot provide it, he may charge you for extra billable hours.

Clarifying expectations upfront saves you both grief and dollars as the project moves forward.
 
vivienna from erp2u.com

The Hardware-The Engine That Makes It Go

Many companies carefully budget for the costs of the software, the services, and everything in between, but they forget to factor in the costs for the hardware required to make it all run. Missing this cost can be a painful stab to your budget.


We have outlined a few of the critical hardware pieces to factor into your budget.

Many accounting software Partners do not sell hardware, but they should have partnerships with experienced IT companies who can review your options with you.

Why are accruals needed every month?

Accrual adjusting entries are needed monthly only if a company issues monthly financial statements. Two reasons for the monthly accrual adjusting entries are:


1. To report the revenues and receivables which were earned during the month, but the transactions had not been recorded in the accounts as of the end of the month, and

2. To record the expenses and liabilities which were incurred during the month, but the transactions had not been recorded in the accounts as of the end of the month.

Monthly accrual, deferral, and other adjusting entries must be recorded prior to issuing monthly financial statements in order to comply with the accrual basis of accounting.

Vivienna from erp2u.com

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What data will be used for ERP training?

Ask: What data will be used for ERP training?

For best results, your ERP Partner should set up a test company for the purposes of training using your own company data. This will stay separate from the actual database you will use when you go live.

If your users get trained on fictitious sample company data, the impact will be diluted when they start to work with your own data and processes.