The top 10 signs you need a new accounting system are: 10. The service technician keeps threatening to retire9. “Reconciliation” is your middle name8. You ask for “proficiency in DOS” when hiring staff7. When calling Support you hear laughter in …
Sometimes my job can be so gratifying. One of the accounting staff came into my temporary office today saying those immortal words, “Where have you been all my life? I have just entered a stack of wire transfers. In our …
Agile Software Development has been around since the mid 90’s and is gaining acceptance. If you implement mid-range packaged accounting software, like Microsoft Dynamics, you really need to look at this methodology. It is characterized by: Customer satisfaction by rapid, …
The Wall Street Journal had an interesting article about how expected synergies are not always achieved when accounting software firms merge. The authors use Oracle and Peoplesoft as an example of a situation where promised benefits have yet to emerge. …
“Overseeing and managing costs on the construction of a new facility with eight buildings is much too complex for traditional accounting software,” said Jerry Fye, deputy director of finance for the Austin Children’s Shelter, in a release. Foundation Software, a …
From my earlier post, you know that Manually Entered SpreadSheets (“M.E.S.S.”) are my nemesis. Not only are they time consuming to create and maintain, but they are also difficult to audit. As anyone who has been through a Sarbanes-Oxley (Bill …
[source] They say that confession is good for the soul. I have a confession to make: I never understood the value of graphics in financial reporting. I never created graphs in Excel. I even thought that it was all just …
The Toronto Globe and Mail ran a story about Analytics, saying that a company’s statistics can be a powerful tool in the right hands. Harvey Schachter, the Globe’s “Monday Manager” quoted from Competing On Analytics, a Harvard Business School book …
A Great Plains client asked me to help them find out why their accounts payable subledger was out of balance with the GL. This is not normally an issue, but Great Plains allows you to have more than one control …
Remember the old saying that the shoemaker’s kids go barefoot? I was reminded of that recently when reviewing my own accounting system. When I first selected it, in 1994, I narrowed the choice down to Quickbooks and Mind Your Own …