Rowan Simpson has an engaging discussion about a better way to get at your banking data in his blog. Certainly I would be the first to agree that banking information is at best awkward to import into accounting systems if …
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 …
In the July 30, 2007 Toronto Globe and Mail Report on Business, Mike Zafirovski, the CEO of Nortel Networks Corp, was asked, “What was the old Nortel’s big mistake?” He responded: Nortel used to have some of the best processes …
Signs your GL needs re-energizing: You have accounts with the letter A after them, e.g. 1200A (There was no room at the inn!), In order to prepare certain reports, someone has to analyze transactions in an account line by line …
In a restaurant, good food is what’s important to me. I don’t care what the place looks like or how the food’s arranged on the plate as long as it is a quality meal. My wife, on the other hand, …
Clarise deals with Bob the Accountant’s communication style – with tips about eliminating accounting jargon.
Businesses transform, sometimes daily. Accounting systems evolve. How do you know whether your accounting system has fallen behind the business? Reporting Ask people if they use their reports. A client of mine acquired a small business in northern Ontario. They …
Accounting versus Operations? Shouldn’t the Accounting Department support Operations? Absolutely. But sometimes, accounting results can lead to the wrong operational decisions. Let me give you a couple of examples: A client of mine sold high grade tool steel in pre-cut …
Remember when you first installed your accounting system? Remember how the implementation team wisely left the “nice to haves” out of the project as they wrestled with customization, training and data conversion issues? How many times did you hear, “Let’s …