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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.
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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.
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 accounting payroll general ledger example


Project-oriented versus Generic GL-oriented ERP/Accounting Systems
Caught between big-vendor ERP offerings requiring heavy customization, and off-the-shelf project management solutions that are easily outgrown, project-oriented

accounting payroll general ledger example  many project-specific business and accounting requirements including the need to track costs and profitability on a project-by-project basis, to provide timely project information to managers and customers, and to submit accurate and detailed bills/invoices, often in compliance with complex industry-specific and regulatory requirements. Yet, traditional generic GL-oriented accounting systems have not been designed with project phases, work breakdowns or detailed time capturing in mind, and thus, they can

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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. 

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Documents related to » accounting payroll general ledger example

Top 10 Considerations When Changing Payroll Software


When choosing a payroll software vendor, there are numerous considerations that must be taken into account when narrowing down the choices. Obviously, you have to decide on a software that meets your needs within budget. However, it’s just as important to consider the other factors that can make a huge impact on the overall success of your payroll software selection.

accounting payroll general ledger example  | Payroll | Payroll Accounting | Payroll Accounting Software | Payroll Accounting System | Payroll Accounting Systems | Payroll Administration | Payroll Advance | Payroll Analysis | Payroll Application | Payroll Architecture | Payroll Benefit | Payroll Benefits | Payroll Best Practices | Payroll Calculation | Payroll Calculations | Payroll Calculator | Payroll Calendar | Payroll Capabilities | Payroll Card | Payroll Cards | Payroll Certification | Payroll Certifications | Payroll Check | Payroll Check Read More

Accounting for SMBs: A Solution Beyond Entry-level Systems Red Wing Software


Many SMB companies need more functionality than an entry-level system offers, but cannot afford to pay $15,000 (USD) or more for a higher-end product, nor do they really need the complexity found in these products. Red Wing Software’s TurningPoint is a good mid-market product that plays well in this market.

accounting payroll general ledger example  module. A bundled core accounting system costs $2,495 (USD) while a bundled inventory suite costs $4,495 (USD). TurningPoint provides value for wholesale distributors with an expansive list of capabilities, including multiple-location inventory, drop shipments, and up to twenty pricing levels per item for customers with complex distribution methods. It is also a prime choice for agribusinesses, due to 1099-Patronage export to payroll. The 1099-Patronage export to payroll is designed for US agricultural Read More

Project-oriented Software: Many Choices, Many Differences


Professional service organizations sell not just time, but knowledge. Thus, in addition to time and expense management, a business management software product must support a means for knowing how this knowledge is tracked, assigned, managed, and billed. But which product?

accounting payroll general ledger example  all of the underlying accounting processes (paying bills, recording payments, paying employees, and generating financial statements that measure not just job-related performance, but—more importantly—a firm's ability to manage its internal affairs and generate sustainable profits). The general ledger function is in fact a critically important application. User-defined fields : While professional service organizations all serve the same general industry, the specific industry niche and the manner in Read More

Navigator Business Solutions Navigator One for SAP Business One (v88) for Accounting Certification Report


Navigator One for SAP Business One (v88) is now TEC Certified for online comparison of accounting software in TEC's Evaluation Centers. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst commentary.

accounting payroll general ledger example  payroll functionality, the average accounting product supports all subsections well, except for Human Resources Management and Canadian Payroll Processing. This is not the case for Navigator, which ranks high or very high for all subsections, with the exception of Control Reports, where the solution falls slightly under the average. About Inventory The Inventory module provides functionality for managing the inventory of a company. This includes the Inventory Master File, Inventory Control/Assembly Read More

Top ERP, CRM, Accounting, HR, POS, CMMS-EAM Software Comparisons


To find out, simply use. TEC's ERP comparison reports to compare any three ERP manufacturing solutions of your choice.

accounting payroll general ledger example  a lot of new accounting solutions dedicated to businesses of all sizes and industries. There are a lot of customer relationship management (CRM) solutions, a lot of human resources (HR) and human capital management (HCM) solutions, a lot of new point of sale (POS) and retail management systems (RMSs), a lot of new computerized maintenance management systems (CMMS) and enterprise asset management (EAM) solutions on the market. Here's your chance to compare them -- quickly and easily. Some of the leading Read More

How to Find the Right Payroll Service


Payroll is a vital yet meticulous component of operating a business, and it involves much more than just paying employees. Some large businesses have a separate department handling payroll duties, but many small to medium businesses outsource their payroll needs. No matter what option works for you, the best decisions are informed decisions, and this how-to guide can help you manage all your payroll needs.

accounting payroll general ledger example  to Find the Right Payroll Service Payroll is a vital yet meticulous component of operating a business, and it involves much more than just paying employees. Some large businesses have a separate department handling payroll duties, but many small to medium businesses outsource their payroll needs. No matter what option works for you, the best decisions are informed decisions, and this how-to guide can help you manage all your payroll needs. Read More

Rising to the Challenge: Productivity in Accounting and Finance Organizations


During these challenging times companies need to do more with less. This need extends throughout the organization-and companies' accounting and finance organizations are rising to the challenge. Know the most critical challenges faced by the CFO organization of companies in improving staff productivity and effectiveness of their operations according to research conducted by the Institute of Management Accountants (IMA).

accounting payroll general ledger example  the Challenge: Productivity in Accounting and Finance Organizations During these challenging times companies need to do more with less. This need extends throughout the organization-and companies' accounting and finance organizations are rising to the challenge. Know the most critical challenges faced by the CFO organization of companies in improving staff productivity and effectiveness of their operations according to research conducted by the Institute of Management Accountants (IMA). Read More

Overcoming the Barrier of Traditional Accounting in Lean Environments


Manufacturers of all sizes are more efficient, better managed, and more profitable because of lean—yet this improvement has plateaued at many companies. What’s holding up the progress of lean? The real problem is that as lean evolves and spreads beyond the plant floor, its conflict with traditional accounting is escalating—and becoming more dangerous to the financial health of manufacturers.

accounting payroll general ledger example  the Barrier of Traditional Accounting in Lean Environments Manufacturers of all sizes are more efficient, better managed, and more profitable because of lean—yet this improvement has plateaued at many companies. What’s holding up the progress of lean? The real problem is that as lean evolves and spreads beyond the plant floor, its conflict with traditional accounting is escalating—and becoming more dangerous to the financial health of manufacturers. Read More

Khameleon


Khameleon’s financial management solution was designed to help service-based companies with their accounting requirements, ranging from balance sheets, to GAAP and income statements. The solution helps to allocate budgets, pay bills, invoice clients, and manage finances. With Khameleon's solution, users can automate general ledger entries from all source applications, as well as allocations, recurring and reversing entries, balancing entries for inter-company transactions, and currency revaluations. It is also possible to automate invoice, requisition, purchase order and receipt matching; recurring payments and 1099s; tracking of due dates and discounts, including proximal terms; and triggers and alerts, based on user-definable rules. Other features include the ability to plan revenues, funding and expenditures, and monitor performance to plan for all entities, contracts, projects, products and service lines. The solution provides multicurrency capabilities throughout all areas of financial management; accounts payable, general ledger, and accounts receivable.

accounting payroll general ledger example  service-based companies with their accounting requirements, ranging from balance sheets, to GAAP and income statements. The solution helps to allocate budgets, pay bills, invoice clients, and manage finances. With Khameleon's solution, users can automate general ledger entries from all source applications, as well as allocations, recurring and reversing entries, balancing entries for inter-company transactions, and currency revaluations. It is also possible to automate invoice, requisition, purchase Read More

Deacom Integrated Accounting and Enterprise Resource Planning Software System v.10.4 for Engineer-to-order ERP Certification Report


The Deacom product Deacom Integrated Accounting and Enterprise Resource Planning Software System (v.10.4) is now TEC Certified for online evaluation of enterprise resource planning (ERP) solutions for engineer-to-order manufacturing in the ERP Evaluation Center. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst commentary.

accounting payroll general ledger example  Integrated Accounting and Enterprise Resource Planning Software System v.10.4 for Engineer-to-order ERP Certification Report The Deacom product Deacom Integrated Accounting and Enterprise Resource Planning Software System (v.10.4) is now TEC Certified for online evaluation of enterprise resource planning (ERP) solutions for engineer-to-order manufacturing in the ERP Evaluation Center. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst Read More

A Guide to Decisions in Automating HR & Payroll Functions


HR automation ranges from simple spreadsheet-based solutions to complex enterprise-wide solutions that automate every single process of the HR function—and can even extend to employees and sourcing partners. This paper looks at the various levels of sophistication that organizations have typically automated, and articulates the benefits that occur when the organizations take leaps through various levels of sophistication.

accounting payroll general ledger example  Guide to Decisions in Automating HR & Payroll Functions HR automation ranges from simple spreadsheet-based solutions to complex enterprise-wide solutions that automate every single process of the HR function—and can even extend to employees and sourcing partners. This paper looks at the various levels of sophistication that organizations have typically automated, and articulates the benefits that occur when the organizations take leaps through various levels of sophistication. Read More

Credit Accounting Firm with E-procurement Initiative


Top accountant and auditor PricewaterhouseCoopers creates an E-purchasing marketplace and portal.

accounting payroll general ledger example  Accounting Firm with E-procurement Initiative Event Summary As a $17 billion company, privately held PricewaterhouseCoopers has tremendous leverage when it goes to the marketplace to make purchases. Now the company is offering to share that leverage by creating a purchasing consortium. Its new e.conomy marketplace will offer members the ability to purchase products, services, travel and software. It will also cover best practices, contract negotiation, and other content areas. The marketplace was Read More

PerfectSoftware for HR and Payroll


PerfectSoftware is a leading provider of comprehensive, integrated and flexible human resource & payroll solutions for managing a company’s most valuable asset — human capital. PerfectSoftware's Perfect HCM suite allows businesses and organizations to manage a broad range of human resource functions more effectively and efficiently, within a single system. Delivered as Software-as-a-Service (SaaS), the suite is highly configurable, modular and spans the entire employee lifecycle including Applicant Tracking, Human Resource Management System (HRMS), Payroll, Performance Management, Time & Attendance, Benefit Election & Enrollment, Salary Planning & Administration, Position Control, Employee Self Service, COBRA Management, Alerts and Ad Hoc Reporting. The company was founded in 1984 and maintains headquarters in Norwalk, CT.

accounting payroll general ledger example  for HR and Payroll PerfectSoftware is a leading provider of comprehensive, integrated and flexible human resource & payroll solutions for managing a company’s most valuable asset — human capital. PerfectSoftware's Perfect HCM suite allows businesses and organizations to manage a broad range of human resource functions more effectively and efficiently, within a single system. Delivered as Software-as-a-Service (SaaS), the suite is highly configurable, modular and spans the entire Read More