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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.

Inventory Management

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.

general ledger Read more

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.

mobile erp application

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

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.

Account payable

In addition, the level of Account Payable also affects several measures of financial performance including days payable and asset ratio to liabilities.

Best Practices Account Payable

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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.

ERP ERP Customization vs Configuration

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.

customization and configuration Read more

The use of barcoding already started to grow in recent years. Although barcode technology previously only available to large companies capable of providing a large budget also for the IT department in the company, but now, a variety of barcode technology adoption has caused a decline in the cost of barcode technology.

barcode

Besides the barcode has now also been developed that can be used for broader purposes with a variety of features that can be used for small, medium up to large enterprises.

But what are the actual usefulness of this barcode technology? Let’s learn some more. Read more

An ERP system today comes with implementation options that we can choose when we want to use ERP software. We can choose the solution implementation into its own server we have (traditional ERP), or we can use the server from elsewhere (Software as a Service “SAAS”).

erp deployment

Yet somehow, as part of the process of the selection of an ERP system, there are four important variables which these variables will be able to provide the right decision for you in choosing ERP software: Read more

In an enterprise, various filings planning business processes, transactions and others, there will always be a process of approval where this process is a process that acts as a determinant of whether the action beneficial to business or not.

approved

Usually, the approval process is only done by large companies where there’s only a person with certain position can give this approval. But even so it is possible for smaller companies to use this approval system. With two or three users of accounting, it could benefit from an independent examination of key transactions. Read more

Every successful business always starts from small businesses that evolved into a large enterprise over time. The first step in the development will be a lesson for business owners to build expertise on the financial statements so that they can lead their company’s financial.

financial statements

Although it would be very time consuming to understand what their financial statements should be, but it will be very necessary to do. Errors are common, but you can avoid the mess by knowing things that might go wrong in your business accounting as follows Read more

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