If you thought you could rest after adopting the ASC 606 standards and updating the way that you account for contracts with customers, it’s time to start bracing for the next change your business will experience. ASC 842/IFRS 16, commonly referred to as the lease...
For manufacturing executives interested in migrating to a cloud ERP application to manage operations and accounting, both NetSuite and Acumatica offer very compelling value propositions, each with its own set of advantages. Before beginning any kind of ERP...
And so it often starts with something like this (fist pounding optional). “Why didn’t we know that sales of our higher margin items to our biggest markets have been dropping due to quality and stock issues, and no one put the pieces together. It’s like the right hand...
As I prepared to write this blog post, I began to think about all the things I don’t like about how people are communicating in today’s world. At first, I thought of it as ‘new’ school vs ‘old’ school mentality. I saw it as the new kids on the block vs the old...
In Microsoft Dynamics Great Plains, users are given 4 aging buckets by default in Receivables Management. However, users are able to increase the number of buckets to as many as 7. In the below screenshot, you can see that we added 2 aging buckets for a total of 6. ...
Business combinations occur frequently in our corporate environment. Most large companies have one or more subsidiaries in a business combination to expand their market share. Perhaps, some companies acquire another to fill the gaps in their production processes to be...
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