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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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 difference between bookkeeping and accounting


Thou Shalt Motivate and Reward Workforce Better
The potential of enterprise incentive management systems should not be ignored, since this software category promises a fairly rapid and tangible return on

difference between bookkeeping and accounting  every month means the difference between planning a vacation, buying a luxury car, or simply paying the bills. Whoever works on commission can be rich one month or broke the next, and being able to calculate personal goals and potential gains is highly motivating, especially against the backdrop of not having a (significant) fixed income. On the other hand, the company has to make sure that sales employees are not unjustifiably overpaid, as some studies indicate that companies overpay up to several

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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

Financial Packages

Financial packages encompass modules for bookkeeping and making sure that accounts are paid or received on time.  

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Documents related to » difference between bookkeeping and accounting

Implications and Attitudes As the Andersen's Split under the ICC Ruling: Consulting To Go for a Name Change


Andersen Consulting has had a running battle with Arthur Andersen and Andersen Worldwide over Arthur Andersen's encroachment on the management and technology consulting firm's space. The win on August 7 releases Andersen Consulting from all its obligations, turning it into an independent company, with the slight stipulation of a name change.

difference between bookkeeping and accounting  partners don't get the difference nor understand today's business models - i.e., having a technology-partner where you need one and sticking to your core business where you are good. Over the years Arthur Andersen has attempted to obtain skill sets through acquisition, much to the chagrin of Andersen Consulting. Andersen Consulting has openly claimed that Arthur Andersen has engaged in business integration consulting assignments similar to Andersen Consulting and contrary to the statements it made to the Read More

Delivering the Business Value of Automating Business Processes to Small and Medium Enterprise


Enterprises of all sizes today face common problems dealing with handling increasing business complexity while reducing costs. The solution continues to be the automation of business processes. SAP is an established leader in addressing the needs of large enterprises. Building on that performance and identified best practices, SAP built and launched SAP Business One. SAP Business One was designed to offer small and medium businesses the same business streamlining and efficiencies at a scale and scope appropriate to their needs. IDC recently interviewed a number of companies that have successfully deployed SAP Business One. The purpose of our interviews was to determine what impact the software had on their productivity and cost reduction.

difference between bookkeeping and accounting  time to make a difference Meeting customer commitments and service level agreements Providing better customer experience Managing inventory Running an efficient and effective operation Meeting the challenges of change in their markets Optimizing their supply-value chains Integrating disparate point applications SAP Business One software enables small and medium businesses to effectively and efficiently automate the following core operations necessary to run a successful business, including: Read More

Striking a Balance between Governance, Risk, and Compliance


Increasingly complex regulatory requirements in the health care industry have intensified pressures on health systems to assure compliance and operational governance while maximizing business performance. This study draws on a survey conducted by Healthcare IT News and Healthcare Finance News to share strategies that will improve governance, compliance, and business performance across today’s health care organization.

difference between bookkeeping and accounting  a Balance between Governance, Risk, and Compliance Increasingly complex regulatory requirements in the health care industry have intensified pressures on health systems to assure compliance and operational governance while maximizing business performance. This study draws on a survey conducted by Healthcare IT News and Healthcare Finance News to share strategies that will improve governance, compliance, and business performance across today’s health care organization. Read More

An IFRS Fable: The Company That Waited Too Long


Many US companies find themselves acting like “Wait-and-See, Inc.” They interpret the switch from US Generally Accepted Accounting Principles (GAAP) to IFRS as a matter of compliance rather than an opportunity to become more globally competitive by improving key internal processes. But transitioning to IFRS offers many benefits beyond compliance. Find out what those benefits are, and how your company can harness them.

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Accounting Software Selection Challenge #3: Microsoft vs. Infor (Difficulty = Basic)


I just want to make a quick point to address a popular software selection misconception. Here’s the misconception:  “The best accounting package for my business is the software that supports the most comprehensive breadth of accounting functionality.” And below are a couple of graphics from TEC Advisor (based on a hypothetical accounting software selection project) that show why this

difference between bookkeeping and accounting  . So what’s the difference? It’s all in how you prioritize your requirements. In the first graphic, all priorities are equal (and set to “must have”), for the following modules: General Ledger, Accounts Payable, Accounts Receivable, Payroll, Inventory, Job/Product Costing, Fixed Assets, Order Entry, Budgeting, Manufacturing, Multinational Accounting, General, and Technology. (See Your Reference Guide to SMB Accounting Software Features for more information about these modules.) In the second Read More

Crossing the Chasm between IT and Business Teams with New Approaches to Business Intelligence


For over a decade, organizations have struggled with a gap between IT and business due to shifts in perceptions of what business intelligence (BI) should be. Often, skilled IT workers get stuck in low-level reporting roles, while business workers can’t access and analyze information fast enough to make strategic decisions. This discussion with an industry technologist offers some ideas for bridging the IT/business gap.

difference between bookkeeping and accounting  the Chasm between IT and Business Teams with New Approaches to Business Intelligence For over a decade, organizations have struggled with a gap between IT and business due to shifts in perceptions of what business intelligence (BI) should be. Often, skilled IT workers get stuck in low-level reporting roles, while business workers can’t access and analyze information fast enough to make strategic decisions. This discussion with an industry technologist offers some ideas for bridging the Read More

CMMS vs EAM: What Is the Difference?


Every enterprise asset management (EAM) application can be used as a computerized maintenance management system (CMMS), but not every CMMS can be used as, or has the broad functionality of, an EAM application. More specifically, CMMS is essentially about managing maintenance work necessary to sustain an asset, whereas EAM has more to do with managing the asset over its lifecycle to minimize cost and risk while maximizing return. This white paper explores how CMMS applications and EAM applications drive value.

difference between bookkeeping and accounting  EAM: What Is the Difference? Every enterprise asset management (EAM) application can be used as a computerized maintenance management system (CMMS), but not every CMMS can be used as, or has the broad functionality of, an EAM application. More specifically, CMMS is essentially about managing maintenance work necessary to sustain an asset, whereas EAM has more to do with managing the asset over its lifecycle to minimize cost and risk while maximizing return. This white paper explores how CMMS applications Read More

From Accounting to ERP: A Road Map for Growing Small Businesses


To find out what you need to know about ERP systems for growing small or midsized businesses, download your copy of from accounting to erp: a road ...

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Nonprofits and Public Sector: The Latest Hot Market


Many recent circumstances have rendered the nonprofit and public sector accounting markets a land of both opportunity and challenges.

difference between bookkeeping and accounting  are Different A major difference between a for-profit and a not-for-profit accounting system would be how a surplus (i.e., retained earnings and owners' equity balance or fund balance, for a for-profit or a nonprofit entity, respectively) is tracked. Also, for-profit firms (e.g., corporations, partnerships, and sole proprietors) usually have one surplus account, while a nonprofit entity can have several, depending on the extent of its funding sources and donor restrictions placed upon what they can and Read More

Accounting 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.

difference between bookkeeping and accounting   Read More

Cougar Mountain Accounting


Cougar Mountain Accounting is a complete accounting software package that combines general ledger with accounts payable, accounts receivable, order entry, data exchange, and the Cougar Mountain R & R Report Writer. Designed for active and growing businesses, Cougar Mountain Accounting provides quick and accurate data on sales, inventory, and customers.  

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Choosing between Mobile Apps and Mobile Web


With mobile device use fast growing, 2012 seems to be the ‘year of the mobile.’ As companies embrace mobility, a key issue is the mobile versus app debate, and whether there is an argument for producing a mobile application over a mobile site. This white paper looks at the pros and cons of both native apps and mobile Web, and dives into the things that companies should consider before making a choice between mobile app and Web.

difference between bookkeeping and accounting  between Mobile Apps and Mobile Web With mobile device use fast growing, 2012 seems to be the ‘year of the mobile.’ As companies embrace mobility, a key issue is the mobile versus app debate, and whether there is an argument for producing a mobile application over a mobile site. This white paper looks at the pros and cons of both native apps and mobile Web, and dives into the things that companies should consider before making a choice between mobile app and Web. Read More

SMB Finance and Accounting Checklist: What You Need to Consider Before You Buy


Making a list and checking it twice is a particularly good practice when picking a finance and accounting software solution. If you don’t find the right product for your company, you’ll just pay for the mistakes on the back end. But first you need to know which features your small to midsize business must have and which you don’t want. Get some tips that will help you create your finance and accounting checklist.

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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.

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