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Software Functionality Revealed in Detail
We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.
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 accounting terms and definitions


Enterprise Software: What to Expect When You're Expanding
Everyone wants their business to grow, to broaden its operations within a territory or country and, eventually, across borders to other countries and continents

accounting terms and definitions  solution that is local. Accounting requirements are a good example of this, and not the only one. International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) are frameworks, rather than rigid rules, so specific accounting structure implementations and requirements can be quite different from one jurisdiction to another. For instance, in Russia and some other countries, a chart of accounts is fixed and mandated by the relevant ministry of finance, as is a limited

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Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

Small Business Software (SBS)

The Small Business Software (SBS) evaluation model targets functional requirements for fully featured solutions designed to support all business requirements of a typical small business. Extending beyond mere accounting functions, it is primarily applicable to those businesses for which full-scale ERP software may be too complex or cumbersome. However, the model of SBS solutions includes all the essential categories such as General Ledger, Accounts Payable (A/P) and Accounts Receivable (A/R), Payroll, Job and Project Costing, Multinational Accounting, Light Manufacturing, Inventory, Technology, and much more. 

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Documents related to » accounting terms and definitions

A SaaS Primer


Software-as-a-service (SaaS) solutions can be a strategic advantage to businesses, letting companies avoid costly hardware, software licenses, and complex version upgrades. But because most major software vendors are touting some version of SaaS, there is confusion about the solution model and its advantages. Learn what SaaS really means, and discover the short-term and long-term benefits of the model and its variants.

accounting terms and definitions  (ERP) functions such as accounting and finance modules, customer relationship management (CRM) features such as order entry and tracking, manufacturing execution systems (MES) functions such as production scheduling and machine integration and supply chain management (SCM ) functions such as supplier quality and traceability. Searches related to A SaaS Primer : Software as a Service Solutions | SaaS Solution | SaaS Primer | SaaS Defined | Software on Demands | Software as a Solution | Application Read More

Agricultural Commodity Trading - Quite a Different Business


The Business of Agriculture Commodity Trading Recently, I had the opportunity to take a detailed look at the agriculture commodity trading and risk management industry after being involved in a project. In this article I will share some considerations on agricultural products trading specialties and software that supports it. While I have experience dealing with the securities market—which

accounting terms and definitions  functionality along with managing accounting, HR, and workflows make it possible for a trading company to successfully manage most business aspects. The applications are often sold as a complete business suite and do not require an additional third-party software to administer the core business functions. Another extended portion of ETRM/CTRM can be the functionality that supports the delivery of goods sold. For the commodity trading business, it is normal to conduct negotiations around the seller’s Read More

So, Tell Me a Little Bit About Yourself


If you know nothing about a company, you should be able to figure out the bare essentials by visiting its About Us page, right? Turns out this is only true sometimes. When visiting the Digg website, for example. The first line on Digg’s About page is this: "Digg is a place for people to discover and share content from anywhere on the web." Neat, huh? One click and sixteen words after

accounting terms and definitions  that Flexi develops two accounting products for the banking, insurance, and financial services industries. Further I learned that Flexi focuses exclusively on accounting, which supports their claim of deep industry expertise. Additional information was available from a clear set of links at the top of the page, so if I had approached the site as a reporter, investor, or job-seeker, I’d have known where to go. Bonus points for linking from the About Us page to the overview pages for each of their Read More

Business Intelligence Status Report: Recommendations


One of the biggest mistakes users often make with BI is forgetting the big picture, the strategic goals of what they hope to accomplish by accessing this information, while breaking out of traditional silo-ed metrics. BI is not a panacea, and enterprises must organize and prioritize their business needs across regions, departments (even across non-official "political" boundaries), etc., before they can hope to usefully report on the business information.

accounting terms and definitions  distinct possibility. If the accounting department, payroll department, or production planning department sees a slowdown in their respective GL/month-end, payroll, or material resource planning (MRP) transactions because the system is busy sending unnecessary information to a real-time BI system, something is not right. In some cases within the financial and manufacturing sectors, information has a definite shelf life, where seconds and minutes count. In most cases, however, the optimum solution is a Read More

Hoping Jon & Kate Can Come to Terms Like JDA & i2


Many people are aware of a reality show on television titled “Jon @ Kate Plus 8”, which features a couple that is separated and ready to get divorced. Occasionally couples have disagreements and need to get away from each other to sort things out then come back to the table with new perspectives.  That’s what JDA and i2 have done with their deal from last year. JDA plans (once again) to acquire i2

accounting terms and definitions  Jon & Kate Can Come to Terms Like JDA & i2 Many people are aware of a reality show on television titled “Jon & Kate Plus 8”, which features a couple that is separated and ready to get divorced. Occasionally couples have disagreements and need to get away from each other to sort things out then come back to the table with new perspectives.  That’s what JDA and i2 have done with their deal from last year. JDA plans (once again) to acquire i2 Technologies. This time around, the offer is for $396 Read More

Accounting Software Checklist for Small and Midsized Businesses


Like the smb finance and accounting checklist from inside business finance.

accounting terms and definitions  Businesses Selecting a new accounting and finance software solution for your company can be a risky business. If you miss something, it can come back to haunt you later. A good checklist can help ensure that you cover all the angles, and ask the right questions . Like the SMB Finance and Accounting Checklist from Inside Business Finance . Written in clear language, this buyer's checklist for small and midsized businesses (SMBs) gives you the right questions to ask—and angles to consider—when it comes Read More

Accounting and Small Business Software


Accounting systems manage procedures for accurately entering, tracking, and maintaining information related to an organization's financial operations. These accounting applications typically support general ledger (GL), accounts payable (A/P) and accounts receivable (A/R), payroll, job and project costing, and multinational accounting. Many small to medium businesses (SMBs) require that other functions (such as inventory control, manufacturing management, and financial reporting) also integrate with their accounting system.

accounting terms and definitions  and Small Business Software Accounting systems manage procedures for accurately entering, tracking, and maintaining information related to an organization's financial operations. These accounting applications typically support general ledger (GL) , accounts payable (A/P) and accounts receivable (A/R) , payroll, job and project costing, and multinational accounting. Many small to medium businesses (SMBs) require that other functions (such as inventory control, manufacturing management, and financial Read More

Rising to the Challenge: Productivity in Accounting and Finance Organizations


During these challenging times companies need to do more with less. This need extends throughout the organization-and companies' accounting and finance organizations are rising to the challenge. Know the most critical challenges faced by the CFO organization of companies in improving staff productivity and effectiveness of their operations according to research conducted by the Institute of Management Accountants (IMA).

accounting terms and definitions  the Challenge: Productivity in Accounting and Finance Organizations During these challenging times companies need to do more with less. This need extends throughout the organization-and companies' accounting and finance organizations are rising to the challenge. Know the most critical challenges faced by the CFO organization of companies in improving staff productivity and effectiveness of their operations according to research conducted by the Institute of Management Accountants (IMA). Read More

Banking Industry's Fair Value Accounting (FVA) Conundrum


Every company and almost every individual holds fixed assets. Over time, these assets change in value. For example, real estate tends to increase in value, while vehicle values decrease. In the US, as in most countries, the global crisis has resulted in declines in the real-estate market and employment sectors. These declines result in housing and business property holdings dropping

accounting terms and definitions  Industry's Fair Value Accounting (FVA) Conundrum Every company and almost every individual holds fixed assets. Over time, these assets change in value. For example, real estate tends to increase in value, while vehicle values decrease. In the US, as in most countries, the global crisis has resulted in declines in the real-estate market and employment sectors. These declines result in housing and business property holdings dropping in market value. Some unemployed households are obliged to walk away Read More

Your Reference Guide to SMB Accounting Software Features


This reference guide provides insight into the accounting features and functions currently available on today's market for small to medium businesses (SMBs). It will help you determine which features your organization needs—and doesn't need.

accounting terms and definitions  Reference Guide to SMB Accounting Software Features Originally Published - January 16, 2008 So, you're looking for an accounting system. This reference guide provides insight into the accounting features and functions currently available on today's market for small to medium businesses (SMBs). It will help you determine which features your organization needs—or doesn't need. You can also download an extended guide in Excel format at TEC's Accounting Software Request for Proposal (RFP) Template page . Read More

Financial and Management Accounting with SAP for Banking


Recent changes in accounting standards and compliance, along with greater emphasis on managing risk and value, have introduced new key measures of bank performance and made it more important to coordinate the internal and external reporting of financials and risk. To meet these challenges, banks must do their utmost to more fully integrate their accounting data and processes.

accounting terms and definitions  and Management Accounting with SAP for Banking Recent changes in accounting standards and compliance, along with greater emphasis on managing risk and value, have introduced new key measures of bank performance and made it more important to coordinate the internal and external reporting of financials and risk. To meet these challenges, banks must do their utmost to more fully integrate their accounting data and processes. Read More

TRAVERSE


Traverse accounting software is geared to small and mid-size companies. It offers advanced reporting capabilities, e-business solutions, specialized modules for manufacturing and distribution, and a number of featured vertical applications.Traverse has the following key features: intuiitive functionality, Excel-based financial reporting and custom reports, drill down capabilities, and graphing capabilites. The system is scalable and was designed to work with Microsoft technology. Traverse also includes several e-business modules that allow for easy integration into back-office operations and it provides open source code. It is best suited for small companies with twelve users or less that need a Windows-based, enterprise-wide accounting software solution.   

accounting terms and definitions  Traverse accounting software is geared to small and mid-size companies. It offers advanced reporting capabilities, e-business solutions, specialized modules for manufacturing and distribution, and a number of featured vertical applications.Traverse has the following key features: intuiitive functionality, Excel-based financial reporting and custom reports, drill down capabilities, and graphing capabilites. The system is scalable and was designed to work with Microsoft technology. Traverse also incl Read More

FinancialForce Accounting


FinancialForce Accounting™ is a simple, yet powerful, accounting application that is straightforward to learn, easy to implement, and trouble-free to maintain. It complements Salesforce customer relationship management (CRM), helping to bring back office data to the front, eliminating data silos, and allowing companies to align sales, service, and finance on a single cloud platform. FinancialForce Accounting enables more efficient accounting processes, shorter period closes, and sharper financial reporting.

accounting terms and definitions  PSA & FinancialForce Accounting PDG Group Model 974 Read More

Best-of-breed Approach to Finance and Accounting


CODA's savvy accounting and financial offerings include budgeting, forecasting, scorecards, and tools that use Microsoft Excel spreadsheets collaboratively and securely. However, CODA must defend its narrow specialist and best-of-breed approach against larger-scale integrated enterprise system offerings.

accounting terms and definitions  Approach to Finance and Accounting Introduction CODA Group , a finance and systems specialist headquartered in the United Kingdom, offers financial solutions that help companies grapple with international business issues such as language, currency, and compliance. Designed to be an upgrade friendly system , CODA applications offer open and standards-based reporting tools. CODA's alliance with Microsoft Corp . has allowed it to deliver a range of financial and management accounting systems, and it has Read More