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.
Wednesday, December 16, 2009
Friday, November 27, 2009
Why are accruals needed every month?
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Q and A on Accounting
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
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
Tuesday, November 17, 2009
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What data will be used for ERP training?
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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.
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.
Sunday, November 15, 2009
Customization & Custom Development:
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ERP Question
Proceed with caution!
Minor customizations made by an experienced Partner can give you the one feature you need to make the software a perfect fit.
But major software customization should only be considered if you have a business critical process that cannot be changed.
To Save $ : To minimize customizations, take the time to fully define and review your internal processes. This exercise may uncover ways you can be more efficient using the software as it is.
Vivienna from erp2u.com
Minor customizations made by an experienced Partner can give you the one feature you need to make the software a perfect fit.
But major software customization should only be considered if you have a business critical process that cannot be changed.
To Save $ : To minimize customizations, take the time to fully define and review your internal processes. This exercise may uncover ways you can be more efficient using the software as it is.
Vivienna from erp2u.com
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