Companies want an accounting software package that they can count on. This means they are scalable, provide multiple levels of interaction, and tailored to their specific needs. Superior accounting solutions interface with Enterprise Resource Planning (ERP), and Customer Relationship Management (CRM) platforms. When deciding on your accounting software, the best…
Nonprofits are able to see a need and create innovative programs and solutions to offer assistance for the common good. These programs come in many forms, whether it’s cleaning oceans, aiding in disaster recovery or teaching kids to code, and behind the scenes, it involves passionate employees and volunteers and…
Accounting is an inextricable part of management, and both share a symbiotic relationship with each other. The accounting cycle has eight phases on the completion of which it is able to supply the management with the relevant numbers and financial data to make the appropriate decisions. The accounting workflow is…
There are incidents when employee cheats on the company’s payroll to unfairly receive money to which they have no legal or fair entitlement. The IRS is not the only organization that has cheaters, we all know about Enron! A payroll fraud is usually committed by way of monthly salary manipulations…
The subject of double entry accounting is based on debit and credit and categorizes accounts into real, personal, and nominal types. Accounting is governed by the three golden rules that first ascertain the account type. Each account comes with its own rule which has to be applied to the account…
If you want to stay on top of payroll, you will need to spend a lot of time and go through the hectic process. If your payroll process is in-house, it will quickly spiral into a nightmare for any business owner. In a survey, conducted by National Business Association, 60%…
No business can function without the right technology and tools. Yet, it has been found several times that most small and medium businesses still stick to manual processes to get their work done. A Better Method Exists Manual processes consume valuable time and don’t let employees focus on other important…
A wholesale distribution business involves warehouses and large volumes of inventory. Many goods come in and go out every day. Without the right tools, it’s impossible and impractical for the employees to keep track of the inventory. Also, efficiently conduct warehouse management. Even small distributors have at least five warehouses…
Technology is an important part of any business. But the technology that used to work twenty years ago no longer works, and if a business remains stuck with outdated solutions, there will be poor efficiency and slower growth – things that business always wants to avoid. As a business scales,…
Starting 2010, the original baby boomers have been reaching the retirement age of 65 or older. The reason for delayed retirement is mainly finances. A large percentage of the older population still needs to work because they haven’t been able to save enough for retirement. More than half of the…
