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Cash Management 101
Cash management is an essential business process all organizations must perform to survive. Though cash management uses automation for much of the “grunt” work,

basic accounting 101  cash management, a few basic sets of reports that every ERP and accounting system provides include the following: open sales orders, aged analysis, open and closed purchase orders, shipping reports, inventory evaluations, fixed assets, and general ledger statements. Bring this information together with other financial information to the ubiquitous spreadsheet program. Produce a cash-flow analysis schedule. Look at all areas of your business practices and get a good feel for where to make improvements. Go 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 » basic accounting 101


ERP Systems Buyer’s Guide
The implementation of an enterprise resource planning (ERP) system to automate business processes is a strategic investment. Buying the right system and

basic accounting 101  Order management: 4.1 Basic accounting management (ledger/payables): 4.0 Bill of materials management: 3.9 Logistics and order fulfillment: 3.8 Vendor management: 3.8 Integration with other systems: 3.8 Warehouse management: 3.8 Manufacturing management (planning/managing): 3.8 Demand and capacity planning: 3.7 Supply chain management: 3.7 Advanced financial management: 3.4 Product lifecycle management: 3.0 Internationalization support: 2.8 Based on poll of ERP System buyers rating the most important Read More...
Addressing Channels and the Low-End Market
Microsoft announced plans to increase resources and provide new tools and offerings for MBS independent software vendors (ISV) and value-added resellers (VAR

basic accounting 101  information management product with basic CRM functionality such as contact management and order management, which Microsoft first rolled out as part of Office Small Business Edition 2003 . Together with the contact manager, Outlook should provide a richer sales and marketing experience by offering such tools as a viewable history of tasks for each client, reporting capabilities, and contact information for all those working with or on a specific account. These two products can be used in tandem to Read More...
Are You Tuned into Radio Frequency Identification?
This article examines the organizational fit of radio frequency identification (RFID) and its technology’s basic mechanics. Its prohibitive costs often account

basic accounting 101  You Tuned into Radio Frequency Identification? Originally published - June 15, 2007 Radio frequency identification (RFID) has been around for over 60 years, so why does it have such negative connotations? Many misconceptions and horror stories of organizations' failed implementations have been plastered all over the press, which has contributed to the negative perceptions of this re-emerging technology. Yet these failures are often due to a lack of the correct technology, deficient IT knowledge, budgeta Read More...
Barcoding 101 for Manufacturers: What You Need to Know to Get Started
For manufacturers, barcoding carries with it numerous benefits, including increased accuracy, efficiency, and traceability, along with easier adherence to

basic accounting 101  into a barcode. The basic operation used in barcoding is quite simple. A barcode containing product data is printed on, or adhered to, a product. That code is read by a reader with a photodiode that can record the light patterns. The scanner then produces an electronic signal that exactly matches the printed barcode pattern, and sends the barcoded information to a computer where the data is decoded and recorded just as if it had been entered by hand. Barcoding is used for product identification and Read More...
TEC 2013 Market Survey Report: What Organizations Want in Accounting and Financial Software
Looking for an accounting and financial solution? This report can help you spot trends in the accounting and financial software space. See what your peers and

basic accounting 101  2013 Market Survey Report: What Organizations Want in Accounting and Financial Software Looking for an accounting and financial solution? This report can help you spot trends in the accounting and financial software space. See what your peers and competitors are looking for in those solutions, so you can develop a good understanding of what accounting and financial software vendors offer, what other companies have identified as important requirements, and what functionality might be a good fit for your Read More...
CRM 101
Welcome to another installment in our back-to-basics series. So far, we’ve covered ERP 101 and SCM 101. What Is CRM?CRM is more than a software application

basic accounting 101  another installment in our back-to-basics series. So far, we’ve covered ERP 101 and SCM 101 . What Is CRM? CRM is more than a software application. It is a set of strategies, processes, and associated software systems designed to improve the interactions and engagement of customers. CRM involves not only the use of these tools, but also corporate cultural transformation and ongoing programs with the appropriate organizational framework. CRM also includes sales force automation (SFA), customer service Read More...
Supply Chain 101: The Basics You Need to Know
Today’s manufacturers face increasing global competition and complex manufacturing networks. Supply chain management provides manufacturers with the needed

basic accounting 101  Chain 101: The Basics You Need to Know The reality of today’s global economy is such that manufacturing firms everywhere face stiff competition as a result of outsourcing to countries where cheaper labor is readily available. Because of this, new methods of manufacturing and delivery have been created, and out of this has come supply chain management (SCM). To better appreciate this relatively new area of technology, one needs to understand the general supply chain model, the economic factors Read More...
Discrete ERP 101
Puzzled by process? Dazed by discrete?First, let’s understand who should use a discrete ERP application.Discrete manufacturers assemble products from

basic accounting 101   Read More...
Finance Transformation and Routine Accounting: Enabling the Corporate Controller’s Role as a Strategic Contributor
The first role of the corporate controller has been to ensure corporate financial controls and@as a distant second@make strategic business contributions. But

basic accounting 101  still depend solely on basic ERP systems to supply the Controller with data and controls to address these issues. This is regardless of whether the ERP system can support budgeting, tax processes, internal controls or any of the crucial elements that falls under the controller responsibility umbrella. THE MISSING LINK: FINANCE TRANSFORMATION SUPPORT FOR ROUTINE ACCOUNTING The need for consistent and reliable audit-ready financials is an established imperative, but what’s not been defined well among 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

basic accounting 101  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). Read More...
EIM/ECM 101: Cutting through the Confusion
EIM/ECM 101: Cutting through the ConfusionIf you’re like many people who’ve been put in charge of looking for your company’s next compensation solution, you

basic accounting 101   Read More...
Intuit and Square Integrate POS and Accounting for SMBs
Intuit and Square recently announced a seamless integration between Square Register and QuickBooks accounting. Built on Intuit’s open platform, the integration

basic accounting 101  and Square Integrate POS and Accounting for SMBs Intuit and Square recently announced a  seamless integration between Square Register and QuickBooks accounting . Built on Intuit’s open platform, the integration with Square's point-of-sale (POS) solution aims to enable small businesses to more efficiently import their transactions from Square into QuickBooks, helping them streamline their operations, save time, and ensure more accurate reporting. The Square integration is the first of many new Read More...
MBA Accounting Software
MBA's goal is to provide an easy to use, quality accounting software package that can help its clients track their financial status by providing up-to-date

basic accounting 101  Accounting Software MBA's goal is to provide an easy to use, quality accounting software package that can help its clients track their financial status by providing up-to-date information. MBA designs its software based on the needs of customers in the small to mid-range market. 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

basic accounting 101  since the solution packs basic CRM and ERP functionality along with supply-chain management functions and presence technology all of which can be accessed via Microsoft Outlook, Excel or other packages. Do the hustle . Regardless of the vendor you pick, look for reassurance that the solution you go with will roll out rapidly in the SMB (small- to medium-sized business) world, advised Scott Salomon, president of 3RP Co., which works with customers to implement ERP solutions using applications from Oracle Read More...

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