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Six Reasons You Should Think About Getting a New Accounting System
Accountants and business people overall are generally aware that whatever happens in the company must be reflected in the corresponding accounting books or

books accounting  in the corresponding accounting books or ledgers as accurately and as quickly as possible. This means that accounting as a business process should be able to obtain, process, and store a significant volume of data that comes from a battery of different sources. I do not believe we need to convince anybody to use a computer-based accounting system to perform those business functions—this has been obvious for quite some time. That being said, the next questions to ask are these: How adequately does your e Read More

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Documents related to » books accounting


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

books accounting  operations to close the books, produce audit-ready reports and be ready to deliver whatever numbers their CFOs, CEOs or auditors want – whenever they want them. With so many responsibilities to address, finance transformation (the process of realigning and streamlining finance functions) for routine accounting would be logically a top priority for controllers. However, guidance and practical strategies to achieve finance transformation has been sorely lacking. In fact, many finance stakeholders and rela Read More
The Financial Close: Optimizing Performance and Driving Financial Excellence
“Financial close” is a company’s ability to complete accounting cycles and produce financial statements for internal management and external legal reporting@and

books accounting  THE IMPORTANCE OF CLOSING BOOKS QUICKLY AND WITH QUALITY The term financial close describes a corporation's ability to complete its accounting cycles and produce financial statements for internal management and external legal reporting. The require ment to close books quickly and with quality is emerging again as an important project for today's global finance function. In the late 1990s, companies became more efficient at closing their books and reporting financial information, but compliance regulatio 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

books accounting  help organizations close their books more quickly, more dependably, and more predictably, giving financial professionals more time to analyze and consider data before making crucial decisions. The product was designed to recognize and support the neglected collaborative processes that underpin period close. Other products in this area focus merely on consolidating and reporting the finance figures, but not on collaborative processes that are key to collecting and verifying the figures in the first place. 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

books accounting  in value on their books for the following reasons: a) A great portion of their subprime mortgage holdings have become essentially unsecured collateral, with the risk of foreclosures due to massive employment layoffs. There is a housing market glut which means house values are not sufficient to cover mortgage loans. b) Purchasers who bought homes with zero-down-payment purchase plans (subprime mortgages) are walking away due to job loss, adding to the housing glut. c) Hostile takeover bids due to reduced a Read More
The Certification of an ERP Accounting Package


books accounting  Certification of an ERP Accounting Package I recently completed a certification exercise for the Flexi Software’s FlexiFinancials package, a functionally rich accounting package that is complete in every way and geared for the banking, insurance, and financial services industries. A package that has integrated business objects with drill-down searching and with full functional and reporting capabilities. We proceeded as follows: I prepared a certification document that I e-mailed to Flexi­ Software 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

books accounting  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 partnerships Intuit will be announcing that further its  commitment to being an open platform company  and line up Read More
Flexi Software
FlexiInternational Software, Inc. (@Flexi@) provides business accounting solutions. The FlexiFinancials Enterprise Suite consists of accounting applications and

books accounting  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. 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

books accounting  them is eyeing their books as well. Those Big Five that have already exercised some kind of separation, like in case of Accenture and KPMG Consulting, might not be affected much. In addition to preempting pressure from the SEC, their motive for separation was also to capitalize on the success of their management consulting and systems integration operations. Further, consulting partners might even have felt relieved (as they will, from now on), to be accountable and liable only for their own consulting Read More
Smooth Transition: Preparing for IFRS
International Financial Reporting Standards (IFRS) are the reporting standards developed by the International Accounting Standards Board (IASB). IFRS is now

books accounting  Transition: Preparing for IFRS TEC is divided in Evaluation Centers like Accounting System Evaluation Center. Accounting systems manage procedures for accurately entering, tracking, and maintaining information related to an organization's financial operations. Source: Technology Evaluation Centers Resources Related to Smooth Transition: Preparing for IFRS : International Financial Reporting Standards (IFRS) (Wikipedia) Smooth Transition: Preparing for IFRS IFRS Transition is also known as : Read More
GMS Accounting and Financial Management System
The GMS Accounting and Financial Management/Reporting System integrates all accounting activity into an entity-wide system. The GMS Accounting system is not

books accounting  Accounting and Financial Management System The GMS Accounting and Financial Management/Reporting System integrates all accounting activity into an entity-wide system. The GMS Accounting system is not sold as separate modules, but rather as a package containing all the necessary functions to run your not-for-profit on a daily basis. Our underlying system design is entity-wide, providing you an integrated accounting system that performs all accounting activities. Systems are available in a 1–2 user Read More
Provision Fund Accounting
In addition to the solutions offered by Microsoft, Protéan provides the ProVision Fund Accounting package, a solution targeted at public entities and

books accounting  Fund Accounting In addition to the solutions offered by Microsoft, Protéan provides the ProVision Fund Accounting package, a solution targeted at public entities and nonprofit organizations of all sizes. Read More
Accounting for SMBs: A Solution Beyond Entry-level Systems Red Wing Software
Many SMB companies need more functionality than an entry-level system offers, but cannot afford to pay $15,000 (USD) or more for a higher-end product, nor do

books accounting  level products such as QuickBooks , Peachtree , and Simply Accounting and they are equally familiar with higher-end products such as Microsoft Great Plains Edition , MAS 90 , ACCPAC Advantage Series , and Navision . Unfortunately there is a significant gap between these two classes of products and that's precisely where products from companies such as Red Wing Software compete. Company History Founded in 1979 with offices in Red Wing, Minnesota (US), Red Wing Software ( http://www.redwingsoftware.com/ ) 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

books accounting  oriented versus Generic GL-oriented ERP/Accounting Systems Originally published - December 22, 2003 Project-oriented Organizations The unique business needs of project-oriented organizations, when addressed by large ERP vendors that offer general-purpose enterprise software, require heavy customization in order to work. On the other hand, when project-oriented organizations turn to small off-the-shelf project-management solutions, these solutions are soon outgrown by the user company. These Read More

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