Today’s ERP solutions have rich feature sets that bring countless benefits to businesses. This software has become universally adopted by almost all companies of a certain size because it drives real improvements. While what an individual firm sees as the greatest value of this technology will...
Note that the actual posting logic hasn't been changed. It's easier to configure the system, because the new labels are related to the operational events that use this posting type. Import/export the purchase price, cost, or sales price from Microsoft Excel into or from a costing...
Workforce planning is a systematic, fully integrated organizational process that involves proactively planning ahead to avoid talent surpluses or shortages. It’s based on the premise that a company can be staffed more efficiently if it forecasts its talent needs as well as the actual supply of t...
An ERP finance module touches a lot of different parts of the finance department’s responsibilities. To get a better sense of what a finance module handles, let’s walk through some of its key features in more detail. 1. General ledger A general ledger records your organization’s financial...
If a customer is unlikely to pay their outstanding balance, if there are discrepancies, or if the account has remained outstanding for an extended period, you can write off the customer's opening balance. You can also cancel the write-off. 07 October 2024 Import or Export Custom Modules Asyn...
Featuresinclude workload capacity, real-time charts and graphs, resource placeholders, in-depth people reports, budget planned vs actuals, milestones, a pipeline view of projects, and business-wide financial reports. Integrationsinclude Harvest, WorkflowMax, and Clockify for importing project, client, ...
Cash flow is significantly more accurate than a budget. Budgets tell you what you want to happen. They’re wishful thinking, andentrepreneursare optimistic by nature. Cash flow projections tell you what is actually happening so you can deal with it—even if it’s not what you planned at the...
A budget is always an estimate, later compared to the actual amounts spent, so that the creation of the following year’s budget is more accurate. In this way, assuming there are not significant product or manufacturing changes year after year, the sizes of the variances can decrease. ...
Scott Orn, Kruze Consulting's COO, shares everything you need to know about your startups' zero cash date and how to calculate it with your burn rate.
Because they have been homogenized to a certain extent, the quality and quantity of the underlying asset received will be known in advance. In accounting, actuals are the recorded revenues and expenditures at a given point in time (as compared to a budget, which is only an estimate of reven...