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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

accounting terms  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 . Bu Read More
Discrete Manufacturing (ERP)
The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as or...
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Documents related to » accounting terms


Ariba Smart Invoicing: Worth Checking Out
Sure, to most of us accounting sounds as exciting as watching paint dry, but no business can survive without properly managing its financial means. Especially

accounting terms  resource planning (ERP)  and accounting systems deployment, most companies still have limited visibility into their invoicing process, which, e.g., leaves them exposed to risks such as overlooked billing discrepancies, missed discounts (if leveraging favorable payment terms), and overpayments. Enter Smart Invoicing A smarter invoicing process could augment ERP systems and deliver greater visibility and control, improved contract compliance, and stronger supplier relationships through reduced errors and Read More
Solomon Stands the Test of Time Despite Changing Masters Part Three: Product Differentiators
Of all the MBS' products, Solomon is apparently the purest in terms of a standard Microsoft technology stack, and without any proprietary additions. Furthermore

accounting terms  the complexities of switching accounting application vendors or converting databases. Of all the MBS' products, Solomon is apparently the purest in terms of a standard Microsoft technology stack, and without any proprietary additions (such as Great Plains original Dexterity environment, Navision 's proprietary integrated development environment C/SIDE, which includes a proprietary Navision Server database and a proprietary 4GL programming language; Navision strong analytical features using Sum Indexed Read More
Segregation of Duties and Its Role in Sarbanes-Oxley Compliance Issues
The Sarbanes-Oxley Act (SOX) requires publicly traded firms to demonstrate that their accounting and reporting practices are in compliance with regulatory

accounting terms  is to consider an accounting department in any small to medium business (SMB). Here, some of the day-to-day activities include the receiving of checks as invoice payments, approval of employee time cards, processing of payroll checks, and reconciliation of bank statements. Within these activities a form of SOD is already in place—usually the issuing of checks requires different levels of authorization and more than one signature. In essence, more than one person validates a process or activity. In Read More
Adonix Grows Roots Against The Odds Part 2: Challenges and User Recommendations
Adonix often comes ahead of larger global players in terms of functional fit, pricing, and understanding of the local requirements in the distribution area. The

accounting terms  manufacturing, distribution, CRM and accounting functionality may be a good fit for a wide range of manufacturers and distributors, as it fits configure-to-order (CTO), assemble-to-order (ATO), make-to-stock (MTS) and batch process manufacturing environments. It particularly has an impressive depth and breadth of distribution and order management functionality. Particularly powerful is its advanced pricing functionality that allows companies to create complex customized pricing formula based on a Read More
Accounting Seed
Accounting Seed has developed a native application exclusively for the cloud Salesforce.com platform, that integrates accounting and enterprise resource

accounting terms  Seed Accounting Seed has developed a native application exclusively for the cloud Salesforce.com platform, that integrates accounting and enterprise resource planning (ERP) with customer relations management (CRM), seamlessly and securely under one roof, and visible to users on a single dashboard. Accounting Seed delivers a real-time, 360-degree view of a business, accessible by smartphone, tablet, or any computer, anywhere in the world. 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

accounting terms  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
Braided Matrix, Inc
Located in Shokan, New York (US), Braided Matrix has been involved in the design and development of custom accounting systems since 1989. It markets 4th Quarter

accounting terms  and development of custom accounting systems since 1989. It markets 4th Quarter Accounting Solution (4Q), an integrated, multiuser accounting enterprise resource planning (ERP) system for small to medium businesses (SMBs). Braided Matrix promotes 4th Quarter to markets including manufacturing, engineering, graphics, and media service industries. Read More
Accounting Seed
Accounting Seed Financial Suite is an accounting and ERP application that is native to the force.com platform and fully integrated into Salesforce CRM. The

accounting terms  Seed Accounting Seed Financial Suite is an accounting and ERP application that is native to the force.com platform and fully integrated into Salesforce CRM. The application was designed by a team of certified public accountants, Force.com developers, and business process consultants. Accounting Seed Financial Suite is a horizontal offering providing all industries with a back-office accounting suite that includes project accounting, ERP, and robust financial reporting. Read More
Project-oriented versus Generic GL-oriented ERP/Accounting Systems
Caught between big-vendor ERP offerings requiring heavy customization, and off-the-shelf project management solutions that are easily outgrown, project-oriented

accounting terms  many project-specific business and accounting requirements including the need to track costs and profitability on a project-by-project basis, to provide timely project information to managers and customers, and to submit accurate and detailed bills/invoices, often in compliance with complex industry-specific and regulatory requirements. Yet, traditional generic GL-oriented accounting systems have not been designed with project phases, work breakdowns or detailed time capturing in mind, and thus, they can Read More
Integrity and Reliability = Trustworthy Accounting: Are You Sure You're Balanced?
Recent accounting scandals, highlighted by cases at Enron, Arthur Andersen, WorldCom, and Qwest, have emphasized the need for corporate governance, especially

accounting terms  Sure You're Balanced? Recent accounting scandals, highlighted by cases at Enron, Arthur Andersen, WorldCom, and Qwest, have emphasized the need for corporate governance, especially responsible corporate accounting. Not only must businesses use responsible accounting methods, but they must know that their methods are accurate. Small and mid-sized businesses must know the limitations of their current accounting software; understand the possible ramifications of system accounting balance failure; and take Read More
Certiflex Dimension
Since 1979, Certiflex products have been used in the accounting industry. It has over 1,000 standard industry reports and statements that incorporate GAAP

accounting terms  been used in the accounting industry. It has over 1,000 standard industry reports and statements that incorporate GAAP standards. Certiflex Dimension has two series: the Professional Accounting series and the Business Accounting series. The Professional Accounting series is has been designed for the public accounting the areas of after-th-fact accounting, financial generation, payroll services, tax reporting, time and billing, and other professional service tools. The Business Accounting series was Read More
Andersen/Enron Affair Precipitates
While the current focus of the public is on the future of Andersen and the entire accounting practice, the implications on the consulting industry will be deep

accounting terms  trust in the company's accounting bill of health. Potential loss of customers and possible employees departure, while painful, should not necessarily mean Andersen's demise as such, but its long-term viability will remain questionable and will hover over many minds. In any case, whether Big Five will become the Big Four some time down the track is less important than the fact that the business model of these will have changed forever. There has long been a trend (or at least it was not that unusual) for Read More

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