Most small businesses start their accounting systems manually, then they start using QuickBooks or Excel when their expenditures start getting harder to track. Therefore, you should start considering the use of an accounting system that can grow in line with your business.
If you are not sure about what software should be used, it’s a good idea to consult a software consultant to assess your business needs and recommend some appropriate accounting software. Read more
Inventory management is all about knowing what you have in your warehouse and where your inventory is. But if not integrated with your back-office system, and simply relying on inventory management systems alone can not effectively optimize your inventory, or ensure the value of inventory assets in your financial statements match what is in the physical stock – at least not without intervention and reconciliation manually.
To optimize inventory management, leading companies usually integrate their inventory software directly with back-office systems as well as accounting. This integration provides a competitive advantage with the ability to plan effectively and minimize the costs and possible errors associated with manual reconciliation. Read more
For retail companies, inventory is one of the most important aspects of business. But it’s also one of the most difficult things to track. Every day, new sales, returns, receipts and forgery affect your inventory levels. Keeping track of everything in real time is one of the most important tasks to keep your business moving.
This is why your retail business needs specialized inventory management software.
Distribution management system, or better known as DMS, is an application that is often used to manage business activities. This software includes the processing of sales orders, purchase order, inventory management as well as financial accounting.
Distribution Management System applications are rooted in distribution, which provides a higher level of functionality, specific to the needs of distribution companies.
In the past, inventory management tasks were done on paper, stored in manila folders, and stored in cabinets containing dozens of archives. Not to mention the folders need to be sorted and reorganized periodically to make room for new files, this will certainly be a complicated thing and will be very time consuming.
But with the addition of enterprise resource planning (ERP), inventory management will become faster, easier, and more accurate. ERP enables businesses not only to track operations, logistics, and costs related to management aspects but also to get instant and up-to-date information about their inventory, enabling them to better meet customer needs and demands more quickly and appropriately. Read more
General Ledger is where all the transactions and expenses in the business are recorded. Good accounting practices require that the general ledger to be reconcile or be checked for accuracy on a regular basis. In addition, since the general ledger is the source of information for four financial statements (balance sheet, income statement, cash flow statement, and shareholder equity report), reconciliation may refer to the general ledger checks. General ledger reconciliation may be useful in the preparation of annual audits or can also be used to ensure that business owners obtain an accurate picture of their business financial statements.
Mobile strategy has now formed a form in a various types of businesses. How come? Because mobile devices such as laptops, tablets or smartphones can be said to be a necessity in today’s era. Almost every time, our attention is focused on those mobile device.
Therefore, many product developments are beginning to implement their programs into mobile devices. In addition to facilitate the use, it can also help us in doing every work or activities wherever and whenever we want.
So is the current ERP system. They have begun to adapt their programs into mobile devices so as to enhance business skills and insights. Read more
Although there are many out there that offer a variety of solutions for CRM, but we need to know in advance some of the main features that must be owned that have a very big impact on our business. So it’s a good idea to focus on this key feature before you get impacted on features that may be interesting and promising but not worth anything.
Account Payable (AP) is one of the important factors in the company’s working capital and is also a major indicator of overall operational effectiveness. If the indicator is too high, your organization may find it difficult to pay your bills on time, but if it’s too low, your organization can wisely pay bills earlier rather than enjoying grace periods and investing excess money to support business processes.
In addition, the level of Account Payable also affects several measures of financial performance including days payable and asset ratio to liabilities.
When it came time for us to make or use the ERP system on our own, there will be many things that will really need to be done and considered as one of them is the customization and configuration. ERP implementation partner will certainly be very skilled to collect various data according to business needs. Then configure or customize the ERP system to meet the needs of our business.
A customization is a feature, extension, or modification that requires custom coding and / or some form of special implementation. A configuration is when you use the native tools in the system to change its behavior or features.
