Needles & Haystacks
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 …
Category: Blog
Energized Blog
Energizing your GL
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 …
What Do You Use?
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 …
How Things Look
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, …
Not For Profit Red Flags
When I was considering a Controller’s position with a charity, a friend warned me that it would limit my career. “Once you move to a charity, you can never go back to a real business,” he said. The Not For …
Great Plains Announces Workflow
Great News: In version 10 of Microsoft Dynamics GP (formerly Great Plains), the electronic approval of transactions has been significantly expanded. To quote from the What’s New documentation: The workflow approval process expands existing workflow functionality provided in both Microsoft …
Passionate Employees
The president of a Halifax-based company with 17 employees writes to ask PROFIT-Xtra readers: “My company is my baby. I’m very passionate about it, maybe even obsessed with it. It bugs me that most of my employees treat their jobs …
The Dirty Little Secret about RFQ’s
RFQ’s or Requests For Quotations are the bane of the accounting software industry. They take a long time to prepare, a long time to complete, and I have to wonder whether they improve the process of selecting accounting software at …
Organizing Your Data
When implementing an accounting system, how do you determine how to identify your Vendors, Customers, Employees, Inventory Items, Fixed Assets, etc. etc. etc? That is a subject that requires some thought. An important question to ask is whether the identifiers …