FEATURE ARTICLE...
Best Practices for Ongoing AP to AR Reconciliation in the Supply and Demand Chain
Large enterprises manage millions of transactions and payments to thousands of suppliers each year. Complex purchasing environments, high transaction volumes and complex pricing lead to accounting errors, lost discounts and improper pricing. It is nearly impossible to have 100 percent transaction and payment accuracy – even for companies with the strongest controls. Accounting and payment anomalies result from processing errors including multiple payments on an invoice, miss-applied credits and data errors. Additionally, there are adjustments that happen after a transaction is settled, such as returns, refunds and warranty issues. These types of anomalies multiply based on the volume of suppliers and purchasing transactions at a company.
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Five Tips to Help Manage Company Cash Flow and Use Inventory Management Software
As a business owner, you’ve probably had your fair share of difficulty managing your cash flow. It’s actually one of the hardest aspects of running a business. You have to examine a lot of factors to master the delicate art of managing cash flow. Ultimately, you just need to get a lot of cash flowing into your company quickly, and you need to get as a small amount of cash flowing out slowly. Sounds easy, right? Unfortunately, it isn’t always. But there are some things you can do to make it simpler. Try using inventory management software and the other tactics below.
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Are Web-Based Apps Threatening QuickBooks?
Just 10 years after being rolled out, QuickBooks claimed 94% of the market. And that would be the end of the story if not for a little (or rather big) thing called the cloud. Software as a service (SaaS) is revolutionizing the way people use accounting software. While QuickBooks was quick to offer an online version, a number of new vendors are using the cloud to innovate rapidly and address the perennial challenges of ease-of-use and affordability in the small business accounting software market.
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What is Call Accounting Software?
A telecommunications software or hardware application that documents telephone usage is called a call accounting system. This system has the ability to capture, record and assign costs to all telephone usage with the small business or the large enterprise.
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Introduction To Accounting Information Systems
An accounting information system (AIS) is a structure that a business uses to collect, store, manage, process, retrieve and report its financial data so that it can be used by accountants, consultants, business analysts, managers, chief financial officers (CFOs), auditors and regulatory and tax agencies. In particular, specially trained accountants work with AIS to ensure the highest level of accuracy in a company's financial transactions and recordkeeping and to make financial data easily available to those who legitimately need access to it, all while keeping data intact and secure. This article will describe the primary components of an AIS and some of its real-life applications.
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Intuit and Salesforce Partner Up: Who’s the Big Winner?
Intuit and Salesforce.com announced that they would partner to integrate Intuit QuickBooks and QuickBooks Online small business accounting software with Salesforce’s small business CRM editions (Contact Manager, Group and Professional).
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