Tag: Accounting

The First Steps to Selecting New Accounting Software

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 Investing in new accounting software for the first time or to replace an outdated system may seem daunting.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…

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How Do I Choose Accounting Software?

Accounting software has advanced quite a bit over the past few years, providing businesses of all sizes with more comprehensive solutions, integrated applications, and potential for scalability. More companies are discovering the benefits of updating old, outdated accounting software and opting instead for enterprise research planning (ERP) software. The accounting software…

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8 Time Saving Tips for Month End

“Time waits for no one” is what my grandmother used to say.   Living the farming lifestyle, time was of the essence most days, since she only had a certain amount of daylight to get work done.  In the accounting world, time is of the essence as well, with month end…

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Take Control of Your Control Accounts

Take Control of Your Control Accounts Clients rely on their integrated ERP system for everything from processing sales orders, tracking inventory, and managing cash to various reports including financial statements.  Many owners and managers have become accustomed to waiting for the infamous “month end close” to find out how the…

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Project Accounting Best Practices

Wiki Definition: Project accounting (sometimes referred to as job cost accounting) is the practice of creating financial reports specifically designed to track the financial progress of projects, which can then be used by managers to aid project management. Other famously used BUZZ words for project accounting are: Construction In Progress accounting (CIP), CAR, Planning, etc. Typically, people…

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