In-depth research, analysis and insight for the accounting software industry

December 2004 edition


Achieving a Paperless Office In 2005

While the technology to go paperless does exist, word on the street indicates that many accounting firms and organizations that want to go paperless end up with less paper than before, but still not a completely paperless environment. Even more encouraging is the fact that those firms that have made the transition to a digital environment report marked reductions in administrative support costs. The following article discusses the benefits and hurdles of going paperless and offers some good advice and things to consider for those companies interested in becoming paperless..



Ideas in Motion: A Marriage Made in Heaven: Larry Russell Integrates Accounting and Technology

Starting in the early ‘80s when PCs first came on the scene, Larry Russell, CPA and owner of Accountec, crossed over to the dark side and became a computer geek. He was a spreadsheet junkie, database application developer, system implementations’ expert, networking professional and so on. Lately, Russell spends a good portion of his time in the Sarbanes-Oxley continuum with Section 404 engagements – work that he believes truly alludes to the intimate integration between financial reporting procedures and IT systems.


Ideas in Motion is a monthly column designed to focus on best practices within CPA firms and organizations involved in providing technology related services.




Accounting System Concepts
Accounting For Credit and Collections: (Controlling Credit Risk) - Part 7

Part of any credit manager’s responsibility includes definition and revision of company credit policies. How well these policies are developed and implemented affect the company’s credit exposure and risk. Generally speaking, policies for controlling credit risk fall into the following categories: Terms, Discounts,Payment incentives and Low risk credit policies.

This is the 7th article in a series about Credit and Collections adapted from The Automated Accounting Systems and Procedures Handbook.

This column presents a new accounting system concept each month that may be applicable to your organization.


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