In my 28+ year career, I have seen countless ERP system implementations and accounting system implementations. While some have been very successful and made a huge difference in the company, I have seen disasters. Millions of dollars spent over budget. Complete failure for the system implementation. This is one of my “hot boxes” when I
Tag: accounting system
Now, this is a topic that hits every company: what accounting system should your purchase? There is no question that technology has changed the way we do business. When I started working in the late 80’s, we had our first system implementation in an oil and gas company I worked for. It was a huge server(s),
See Also: Accounts Payable Turnover Accounts Receivable Accounts Receivable Turnover Chart of Accounts (COA) Problems in Chart of Accounts Design Current Practice How do you file your paid vendor invoices? Alphabetically? Who taught you to do it that way? Have you ever wondered why? How often do you go back and research a paid accounts
See Also: The Fraud Triangle Larceny (fraud) Auditor Audit Scope Compliance Audit Skimming Fraud Definition Skimming fraud is the theft of cash from a business prior to its entry into the accounting system for that company. Although skimming is one of the smallest frauds that can occur, they are also the most difficult to detect.
Subsequent Events Definition The definition of a subsequent events are generally defined as events that occurs after the year end period but before the financial statements have been issued. A subsequent event falls underneath the disclosure principle and can be confusing to many accountants that encounter them. However, the codification provides guidance under ASC 855
See Also: When to Buy New Software How to Choose New Software Microsoft Dynamics Great Plains How to Obtain a Microsoft Dynamics Licensing Agreement New Microsoft Dynamics Licensing Program Microsoft Dynamics: How to Obtain Licensing Agreement Microsoft Partners sells Microsoft Dynamics but the licensing agreement is between Microsoft and the organization that licenses the software.
See Also: How Do You Know When It is Time to Buy New Software How to Choose New Software Microsoft Dynamics Great Plains Functionalities Microsoft Dynamics: How to Obtain Licensing Agreement What Are the Microsoft Dynamics Great Plains Functions Dynamics Great Plains is one of the solutions that Microsoft offers as part of its Dynamics
See Also: Technology Assessment Criteria How to Evaluate IT Systems How do You Know When it is Time to Buy New Software Technology Strategy for Small to Medium Sized Companies Five Reasons To Pay Attention To CRM Software How to Ensure Redundant Data Communications Links Choosing New Software Choosing new software is a big deal for
See Also: How to Evaluate IT Systems Technology Assessment Criteria Technology Strategy for Small to Medium Sized Companies Backup and Disaster Recovery Solutions How to Respond to an Imminent Disaster Threat Choosing a Software Dealer Choosing the people to partner with you in software selection and implementation is very similar to getting married – with
See Also: How to Choose New Software How to Choose a Software Dealer Technology Assessment Criteria Technology Strategy for Small to Medium Sized Companies How to Ensure Redundant Data Communications Links When to Buy New Software? We hear this question a lot. We usually talk about the symptoms associated with the need for a software
See Also: Technology Assessment Criteria How to Evaluate IT Systems Technology Strategy for Small to Medium Sized Companies How to Ensure Redundant Data Communications Links How do You Know When it is Time to Buy New Software Disaster Planning for IT Recently an office building in Houston caught fire and much was destroyed. What if
See Also: Account Reconciliation Accounts Payable Bailout Payback Method Agency Costs Audit Committee Double Entry Bookkeeping Definition In the field of accounting, double-entry bookkeeping is the most common method of recording and documenting financial transactions. Double Entry Bookkeeping Explanation The double entry bookkeeping principles are based on the idea that every transaction has two sides.