Why is inventory management in business important? Inventory management can make or break a business. Inventory is often the largest item in the current assets category on a balance sheet. Issues with inventory can contribute to business losses, even failures. Proper management of the supply chain, on the other hand,…
Inventory management is the handling of non-capitalized assets and stock merchandise. Inventory managers supervise the supply chain – the flow of products from the manufacturing facility to storage warehouses – then from the warehouses to points of sale. The main goal of inventory management is to keep an accurate, detailed…
Forecasting metrics give businesses added insurance regarding business plans. Accurate forecasts enable businesses to avoid unnecessary risks and take advantage of sales opportunities. Accounting software for medium-sized businesses simplifies complex actuarial science into actionable forecasting reports that controllers and other team members can use in business-making decisions. Look for These Metrics…
After finding the right accounting software, the implementation process begins. System success often depends on a business’s ability to manage the technical implementation, rollout, and employee expectations. Set your business up for success with best practices for software implementation. To gain the most value from your accounting software, use these…
Choosing the right accounting software can be an intimidating process. With so many vendors, products, and functions, you may long for the days when manual cash books set the pace. Don’t let the hassle keep you from the reward of finding an efficient and user-friendly system to grow your business….
As businesses evolve, they need access to reliable accounting systems capable of integrating with other systems, simplifying basic bookkeeping activities, and delivering actionable financial insights on business operations. Investing in new accounting software for the first time or to replace an outdated system may seem daunting. The marketplace is full…
Effective project management requires transparent communication. Technology, process, and product implementation depends on the ability of each project contributor’s ability to connect with decision makers and make things happen. Project managers and contributors can all benefit from effective communication practices to streamline implementation processes and boost employee adoption rates. The…
The old adage goes, “If it ain’t broke, don’t fix it.” Well, that’s just fine if you want to stay exactly where you are, or fall behind. But if you’re in the business world, odds are, your goal is to keep pace, or better yet, grow. If that’s the case…
Running a business is no small task. In fact, running a business requires doing a good deal of big thinking in addition to small tasks. That’s where Sage 100c can help you. Think of this software package as your right-hand man – taking care of the details that you don’t…
Some things in life are better when you take your time: a walk on the beach, a cup of great coffee, a massage. Accounting is not one of these things. While accuracy is of paramount importance when it comes to accounting, speed can sometimes help with accuracy. One good way…
