Penny Differences
Rounding errors can be the bane of an accounting system. What do I mean? A client called to say that foreign exchange gain / loss calculations were leaving a penny in his accounts receivable invoices when payments were applied. I …
Category: Blog
Energized Blog
Clarise vs. the Accountant
Clarise deals with Bob the Accountant’s communication style – with tips about eliminating accounting jargon.
Re-Energizing an Old System – Reporting
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 vs. Operations
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 …
Eliminate M.E.S.S.
Eliminate Manually Entered SpreadSheets Now!
M.E.S.S. stands for Manually Entered SpreadSheets. Don’t get me wrong. I was raised on spreadsheets: first Visicalc, then Lotus 123, finally Excel. They are a second language to me. But when I see people pecking away entering raw data in …
Getting to Phase II
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 …