X
Software Functionality Revealed in Detail
We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.
Get free sample report

Compare Software Solutions
Visit the TEC store to compare leading software solutions by funtionality, so that you can make accurate and informed software purchasing decisions.
Compare Now
 

 weighted average accounting


Accounting Software Selection Challenge #3: Microsoft vs. Infor (Difficulty = Basic)
I just want to make a quick point to address a popular software selection misconception. Here’s the misconception:  “The best accounting package for my business

weighted average accounting  over Infor, with a weighted average of 90.74 to Infor’s 88.69 . So what’s the difference? It’s all in how you prioritize your requirements. In the first graphic, all priorities are equal (and set to “must have”), for the following modules: General Ledger, Accounts Payable, Accounts Receivable, Payroll, Inventory, Job/Product Costing, Fixed Assets, Order Entry, Budgeting, Manufacturing, Multinational Accounting, General, and Technology. (See Your Reference Guide to SMB Accounting Software

Read More


Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

Small Business Software (SBS)

The Small Business Software (SBS) evaluation model targets functional requirements for fully featured solutions designed to support all business requirements of a typical small business. Extending beyond mere accounting functions, it is primarily applicable to those businesses for which full-scale ERP software may be too complex or cumbersome. However, the model of SBS solutions includes all the essential categories such as General Ledger, Accounts Payable (A/P) and Accounts Receivable (A/R), Payroll, Job and Project Costing, Multinational Accounting, Light Manufacturing, Inventory, Technology, and much more. 

Evaluate Now

Documents related to » weighted average accounting

Increasing the Value of Your Enterprise Through Improved Supply Chain Decisions Part 2: Financial Metrics


If the key financial metrics for creating corporate value relate to costs, capital charges and consumption, and profitability, then the corporate capabilities or competencies required to drive those metrics must include controlling supply chain costs, managing supply chain cycle time, and optimizing responsiveness to the marketplace.

weighted average accounting  Net Assets (RONA) less Weighted Average Cost of Capital (WACC) where RONA = Net Operating Profit after Tax (NOPAT) Net Assets   NOPAT = Net Sales less Operating Expenses and Taxes   Net Assets = Cash, Working Capital and Fixed Assets or Total Assets less Current Liabilities and Financial Assets and WACC = E/V x Re + D/V x Rd x (1-Tc) 2 Where : Re = cost of equity Rd = cost of debt E = the market value of the firm's equity D = the market value of the firm's debt V = E + D E/V = percentage of financing Read More

Achieving Effective Inventory Management


In today’s competitive business environment, wholesale distributors face critical factors that directly affect customer satisfaction and profit margins. These challenges, combined with customer demands for product availability, can conflict with operational goals of increasing inventory turnover and minimizing costs. However, business automation software can deliver sophisticated distribution capabilities designed to help you with these important business issues.

weighted average accounting  (FIFO) Last-in first-out (LIFO) Weighted average cost A user-defined standard cost Theoretically, a stocked inventory item should never have a negative balance, but negative on hand balances have their place in the real world. Sage MAS 500 provides tools that can help ensure that inventory balances in the computer accurately reflect what is in the warehouse. Accurate information concerning costs of material for resale can result in reliable profitability reporting for each inventory item. In addition, Read More

Al Majdouie Group


With rapid expansion underway, Saudi Arabia-based logistics provider Al Majdouie Group’s custom-built enterprise resource planning (ERP) and point of sale (POS) systems just couldn’t keep up. When the company began looking for a replacement solution to satisfy all of its requirements, Al Majdouie turned to TEC. Learn how TEC’s methodology helped Al Majdouie evaluate three tier-one ERP solutions, quickly and impartially.

weighted average accounting  calculated—based on TEC's patented Weighted Average Composite Index (WACI) , and taking into consideration the priority and the vendor responses. Finally, TEC asked the three vendors to provide a detailed cost breakdown that was developed to ensure an apples-to-apples comparison was possible. Pricing for software licenses, maintenance, implementation, and hardware was included in the cost breakdown. Functional Match Is Not the Only Decision-making Factor The analysis and evaluation were conducted in Read More

Enterprise Financial Application Software: How Some of the Big ERP Vendors Stack Up


Contrary to what vendors may contend, not all of them are able to supply a cost effective solution that satisfies the critical requirements of an organization. In this case study from a recent selection engagement for a large series book publisher, we size up Oracle, JD Edwards, PeopleSoft, and Lawson in terms of corporate viability, vision, product functionality, technology, and cost.

weighted average accounting  other vendors achieved a weighted average above 71% in viability, an effect due partly to the general ERP market malaise. Oracle performed better than the others in viability, but JD Edwards ranked highest in vision as its product strategy aligned best to the client's long term objectives. (For more on JD Edwards, see TEC Technology Research notes: JD Edwards - Creating OneWorld of Mid-sized ERP Users and JD Edwards and Numetrix Ponder the Future as One .) Figure 3 compares financials Read More

Integrity and Reliability = Trustworthy Accounting: Are You Sure You're Balanced?


Recent accounting scandals, highlighted by cases at Enron, Arthur Andersen, WorldCom, and Qwest, have emphasized the need for corporate governance, especially responsible corporate accounting. Not only must businesses use responsible accounting methods, but they must know that their methods are accurate. Small and mid-sized businesses must know the limitations of their current accounting software; understand the possible ramifications of system accounting balance failure; and take steps to guarantee the integrity, reliability, and accuracy of their systems. This white paper highlights the need to recognize problematic software accounting methods; minimize errors in account balance integrity, ledgers, and sub ledgers; and reduce the need for expensive rectification, to avoid serious legal ramifications.

weighted average accounting   Read More

Finance and Accounting Solutions Buyer’s Guide for Small to Medium Enterprises


For large organizations, enterprise resource planning (ERP) systems promise big gains by helping grow revenue and increase productivity. But can ERP benefit small to medium businesses (SMBs) in the same way? This step-by-step guide includes important decision-making considerations, such as benefits and costs, across some of the top finance and accounting solution providers for small to midsize companies.

weighted average accounting  and Accounting Solutions Buyer’s Guide for Small to Medium Enterprises Finance Accounting Solutions Buyer's Guide for Small to Medium Enterprises If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader.   In the face of this constant change, Tippit helps thousands of real business buyers make better decisions every day. We also help buyers assess financial services and software vendors who can solve their specific business problems. Read More

Best-of-breed Approach to Finance and Accounting


CODA's savvy accounting and financial offerings include budgeting, forecasting, scorecards, and tools that use Microsoft Excel spreadsheets collaboratively and securely. However, CODA must defend its narrow specialist and best-of-breed approach against larger-scale integrated enterprise system offerings.

weighted average accounting  CODA Group,finance management,merger,acquisition,budgeting,scorecards,business intelligence,collaborative solutions,alliances,best-of-breed Read More

Technology Evaluation Centers moderates enterprise software sessions at CPA Houston Spring Accounting Expo


Technology Evaluation Centers Inc. (TEC), the leading resource for impartial enterprise software selection announced today that it will be moderating two sessions for the prestigious Houston CPA Society Spring Accounting Expo, being held May 28-29, 2008 at the Houston Reliant Center.

weighted average accounting   Read More

Transforming Your Organization? Start with Accounting


Before the lean enterprise paradigm swept across the manufacturing industry, I doubt many business people would have considered accounting as a serious tool for changing the mindset of decisions makers and how businesses operate. It turns out, however, that there’s more than one way to do accounting, and the accounting approach an organization uses can have a significant impact on a business’s

weighted average accounting   Read More

SMB Finance and Accounting Checklist: What You Need to Consider Before You Buy


Making a list and checking it twice is a particularly good practice when picking a finance and accounting software solution. If you don’t find the right product for your company, you’ll just pay for the mistakes on the back end. But first you need to know which features your small to midsize business must have and which you don’t want. Get some tips that will help you create your finance and accounting checklist.

weighted average accounting   Read More

FinancialForce Accounting


FinancialForce Accounting™ is a simple, yet powerful, accounting application that is straightforward to learn, easy to implement, and trouble-free to maintain. It complements Salesforce customer relationship management (CRM), helping to bring back office data to the front, eliminating data silos, and allowing companies to align sales, service, and finance on a single cloud platform. FinancialForce Accounting enables more efficient accounting processes, shorter period closes, and sharper financial reporting.

weighted average accounting   Read More

Khameleon


Khameleon provides small and medium product and service companies with solutions for project accounting, contract management, sales order and distribution, service desk, and financial management. Khameleon has established partnerships for the development and delivery of project accounting solutions with such companies as Oracle, FRx Software, and Vertex. Khameleon is built on Oracle’s technology, and allows organizations to use their own financials, or Khameleon’s. Khameleon is based in Tampa, Florida (US).

weighted average accounting  Accounting,accounting software demo,accounting software systems,Contracts,creative solution accounting software,CRM,Deferred Revenue,engineering accounting software,ERP,finance accounting software,fixed asset software,Job Costing,khameleon software,Order Management,production accounting software,Project Accounting,Project Management,Recurring Contracts,technology organizations Read More

Charting a Better Course for Your Business: Eight Rules for Investing in a New Accounting System


A good financial and accounting system should propel your business forward. It should give you the specific insights you need to spot the storms ahead, help you maximize resources with streamlined processes, and be nimble enough to help you navigate the changing currents of today’s business environment. Download this white paper to make sure you have the facts straight about what to look for—and what to look out for.

weighted average accounting  new accounting system,ifrs,bookkeeping,software accounting,accounting software,software for accounting,accounting for software,bookkeeper,accounting standard,accounting standards,standards of accounting,business accounting,business and accounting,accounting in business,business in accounting Read More