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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


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 .

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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

Glossary of Enterprise Applications Terminology Part One: Accounts Payable Through Internet


As enterprise applications systems developed over time, a continuous stream of new terminology surfaced. This is a glossary of those terms.

accounting terms  sold (COGS) : An accounting classification useful for determining the amount of direct materials, direct labor, and allocated overhead associated with the products sold during a given period of time. customer relationship management (CRM) : Software systems that range from simple, off-the-shelf contact management solutions to high-end interactive selling suites that combine sales, marketing, and executive information tools. These include product configuration, quote and proposal management, and marketing 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 standards. Section 404 of SOX addresses the concept and practice of segregation of duties—a key aspect of this legislation, and the focus of this article.

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

10 Fundamental Strategies for Choosing the Right ERP Finance and Accounting Solution for Your Company


Big-name vendors are competing with those that have long catered to midsized enterprises. With a little savvy, midsize companies can make the dynamic enterprise resource planning (ERP) market work to their advantage. Learn the industry’s top 10 strategies to grow your company and revenue by upgrading from an out-of-the-box finance solution to one that better connects systems and processes throughout your business.

accounting terms  finding the right Finance, Accounting and ERP system is a tall order&8230;but that's not necessarily a bad thing . Descending upon the midmarket enterprise-resource-management space are big-name vendors now hawking ERP (Enterprise Resource Planning) solutions. Oracle Corp., Microsoft and to some degree SAP are now barreling down on smaller companies that are contemplating an ERP move. Naturally, vendors that have long catered to midsized enterprises are reacting to the entry of these giants. With a 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, its sharp focus solely on Microsoft technology from ground up, coined in ''the power of one'' motto (one OS platform - Windows XP/NT/2000, one database platform - MS SQL Server, one development environment - MS Visual Basic, etc.), also presents an attractive, risk-adverse option for penny-pinching mid-market customers. Solomon IV has consequently been very competitive in speed of implementation, feasibility of customization, total cost of ownership (TCO), and price/performance ratio.

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

Deacom Integrated Accounting and Enterprise Resource Planning Software System v.10.4 for Engineer-to-order ERP Certification Report


The Deacom product Deacom Integrated Accounting and Enterprise Resource Planning Software System (v.10.4) is now TEC Certified for online evaluation of enterprise resource planning (ERP) solutions for engineer-to-order manufacturing in the ERP Evaluation Center. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst commentary.

accounting terms  Integrated Accounting and Enterprise Resource Planning Software System v.10.4 for Engineer-to-order ERP Certification Report The Deacom product Deacom Integrated Accounting and Enterprise Resource Planning Software System (v.10.4) is now TEC Certified for online evaluation of enterprise resource planning (ERP) solutions for engineer-to-order manufacturing in the ERP Evaluation Center. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst Read More

8 Rules for Investing in a New Accounting System


Find out if your current system is a drag on your company in Eight Rules for Investing in a New Accounting System.

accounting terms  Investing in a New Accounting System Are you sure your financial and accounting system is helping your company grow? It might actually be holding it back. Find out if your current system is a drag on your company in Eight Rules for Investing in a New Accounting System . You'll learn about the warning signs of a financial and accounting system that is dangerously outdated or lacking in critical functionality—and what you can do about it. You'll also discover the eight rules for choosing a system that Read More

POLL: Is Cloud-based Accounting/Financial Software Right for You?


TEC is preparing a new Financial Packages Buyer’s Guide, and we’d like to hear your thoughts on cloud-based finance and accounting software. Your responses to the questions below will help us keep the guide focused on the needs of real-world accountants, financial managers, IT specialists, and other professionals.{democracy:70}{democracy:71}{democracy:72}{democracy:73}{democracy:74

accounting terms  on cloud-based finance and accounting software. Your responses to the questions below will help us keep the guide focused on the needs of real-world accountants, financial managers, IT specialists, and other professionals. {democracy:70} {democracy:71} {democracy:72} {democracy:73} {democracy:74} Thanks for taking the time to participate in this TEC poll. The Financial Packages Buyer’s Guide is due out in December. We’ll make an announcement on this blog as soon as it’s published. Read More

How to Compare the Real Cost of Accounting Software: 30 Questions to Ask Before You Sign the Contract


Once you decide it’s time to upgrade the enterprise resource planning (ERP) for accounting system, the next question is: “How much does it cost?” However, many variables factor into the total project price—and software is only a fraction of that. Discover 16 insider tips that can help you save money, as well as 30 specific questions to ask your software vendor, so you can avoid hidden costs and understand the total quote.

accounting terms  the Real Cost of Accounting Software: 30 Questions to Ask Before You Sign the Contract Once you decide it’s time to upgrade the enterprise resource planning (ERP) for accounting system, the next question is: “How much does it cost?” However, many variables factor into the total project price—and software is only a fraction of that. Discover 16 insider tips that can help you save money, as well as 30 specific questions to ask your software vendor, so you can avoid hidden costs and understand the Read More

Flexi Software


FlexiInternational Software, Inc. ("Flexi") provides business accounting solutions. The FlexiFinancials Enterprise Suite consists of accounting applications and components that are sold directly and through partnership programs, including private label partnerships (FIP). Flexi has been providing scalable, high volume processing, international solutions to financial services, banking, insurance, and other service organizations across the globe for over a decade.

accounting terms  Inc. ( Flexi ) provides business accounting solutions. The FlexiFinancials Enterprise Suite consists of accounting applications and components that are sold directly and through partnership programs, including private label partnerships (FIP). Flexi has been providing scalable, high volume processing, international solutions to financial services, banking, insurance, and other service organizations across the globe for over a decade. Read More

Navigator Business Solutions Navigator One for SAP Business One (v88) for Accounting Certification Report


Navigator One for SAP Business One (v88) is now TEC Certified for online comparison of accounting software in TEC's Evaluation Centers. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst commentary.

accounting terms  Business One (v88) for Accounting Certification Report TEC Accounting Product Certification Report: Navigator One for SAP Business One (v88) If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. TEC specializes in impartial and quantifiable software selection. Our unique Web-based technology allows us to deliver a variety of software evaluation and selection services online, and to deliver results in far less time than traditional consulting 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  PSA & FinancialForce Accounting PDG Group Model 974 Read More

Top Accounting Software Comparisons 2010


To find out, simply use TEC's Accounting Software Comparison Reports to compare any three accounting solutions of yourchoice.

accounting terms  Accounting Software Comparisons 2010 There were a lot of new accounting solutions introduced or updated in 2010, and here's your chance to compare them—quickly and easily. Some of the big names include NetSuite, SAP, Microsoft, Cougar Mountain Software, Sage, Pronto Software, Deltek Software, Exact, Intuit, UNIT4, and Open Systems Inc.—but there are dozens more top systems from lesser known brands. Which one is best for your organization? To find out, simply use TEC's Accounting Software Comparison Read More

2011 Buyer's Guide to Accounting and Financial Software


Learn more about theadvantages of the new generation of finance and accounting systems in The 2011 Buyer's Guide to Accounting and Financial Software...

accounting terms  Buyer's Guide to Accounting and Financial Software 2011 Buyer's Guide to Accounting and Financial Software Is your organization using antiquated financial and accounting software? The answer is likely yes. Virtually every major financial and accounting solution can trace its roots to the late 1980s transition from DOS to Windows. Modern finance and accounting systems are now designed for today's Internet-driven, always-on, always-connected, fast-changing world. Learn more about the advantages of the Read More

Sage BusinessWorks Accounting


Sage BusinessWorks 50 Accounting (formerly BusinessWorks Gold) bridges the gap between off-the-shelf, entry-level products and complex high-end systems. Its modular design is ideally suited for growing small and medium-sized businesses. BusinessWorks combines robust features such as serial number tracking, multiple warehouse management capabilities, and multiple costing and pricing methods for complete inventory management.

accounting terms  BusinessWorks Accounting Sage BusinessWorks 50 Accounting (formerly BusinessWorks Gold) bridges the gap between off-the-shelf, entry-level products and complex high-end systems. Its modular design is ideally suited for growing small and medium-sized businesses. BusinessWorks combines robust features such as serial number tracking, multiple warehouse management capabilities, and multiple costing and pricing methods for complete inventory management. Read More