The first accounting system I had to supervise was an IBM product called MAPICS. I was an inexperienced newbie and knew nothing, so I joined a user group. Every couple of months we would meet at someone’s office and someone …
“Tally 9.0 has been dubbed the most advanced accounting software on the planet.” That claim is obviously more marketing spin than carefully researched fact, but it points to a trap that we so frequently fall into: comparing accounting software as …
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“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 …
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 …