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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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 accounting policies and procedures manual


Smooth Transition: Preparing for IFRS
International Financial Reporting Standards (IFRS) are the reporting standards developed by the International Accounting Standards Board (IASB). IFRS is now

accounting policies and procedures manual  a single set of accounting policies managed in the ERP system. With ERP, companies can automatically leverage embedded application risk mitigation tools to maintain controls and apply policies to keep information security on track during the transition process. Managing a new multiple-reporting system is clearly not a temporary condition. As GAAP accounting is converted and IFRS reporting gradually becomes the foundation of financial data management, various local tax and regulatory reporting

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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 policies and procedures manual

Reference Guide to Discrete Manufacturing ERP Software Functions and Features


This reference guide provides insight into the discrete manufacturing ERP features and functions currently available on today’s market. It will help you determine which ERP features are a high priority for your organization, and which features are a lower priority.

accounting policies and procedures manual  In this module, financial accounting transactions are posted, processed, summarized, and reported. It maintains a complete audit trail of transactions and enables individual business units to view their financial information, while parent companies can roll up all business subsidiaries and view the consolidated information. Accounts Payable (AP) Accounts payable (AP) schedules bill payments to suppliers and distributors, and keeps accurate information about owed money, due dates, and available discounts. Read More

Road Map to Developing a Successful Tax Policy: Nine Critical Components


Sales and use tax compliance is serious business. To reduce your risk of facing a costly audit, you need to invest time and effort up-front by formulating a transaction tax policy. Responding effectively to audits involves knowing about your company, your operations, and your resources. Find out why a tax policy is important to your organization and how to make it part of your business process and procedures.

accounting policies and procedures manual  Tax Business Plan | Accounting Tax Policies | Accounting Tax Policy | Accounting Tax Policy Analysis | Accounting Tax Policy Articles | Accounting Tax Policy Change | Accounting Tax Policy Changes | Accounting Tax Policy Division | Accounting Tax Policy Economics | Accounting Tax Policy Effects | Accounting Tax Policy Expert | Accounting Tax Policy Experts | Accounting Tax Policy Institute | Accounting Tax Policy Issues | Accounting Tax Policy News | Accounting Tax Policy Outline | Accounting Tax Policy P Read More

Important Sarbanes-Oxley Act Mandates and What They Mean for Supply Chain Management


Two sections of the Sarbanes-Oxley Act (SOX) have major implications for supply chain management. Yet enterprises can meet the challenges created by SOX more easily by using software tools developed to simplify the processes for compliance with this law.

accounting policies and procedures manual  accurately recorded within the accounting system. As for material transfers and poor inventory accuracy, most enterprises still have the responsibility for material control activities. In the past and all too often, material transfers and inventory transactions would not be processed in a timely manner, thereby creating a true inventory that is out of kilter with the expected-on-records situation. SOX, however, states that all movements of inventory or fixed assets must now be recorded in a timely Read More

Attributes of Sarbanes-Oxley Tool Sets Part Two: Information and Communication, Monitoring, and Startup Tips


An earlier article, Audit Considerations for Enterprise Software Implementations, included a brief discussion of the use of computer-based tool sets and repositories to facilitate compliance with the Sarbanes-Oxley Act (SOX). Here we examine this issue in more detail. Of particular interest are the key characteristics that you should look for when selecting such tool sets. Read on to see how these tool sets can assist your company in meeting the new audit challenges facing corporate America.

accounting policies and procedures manual  as a record of accounting events and transactions. Provide alerts or warnings for appropriate internal management of activities not meeting the business model or new regulations coupled with instantaneous reporting and documentation of these alerts/warnings. Monitoring Monitoring consists of the process that assesses the quality of internal control performance over time. A control system needs to be monitored to ensure that it continues to operate effectively and as intended. Without continual and effecti Read More

Finance Transformation and Routine Accounting: Enabling the Corporate Controller’s Role as a Strategic Contributor


The first role of the corporate controller has been to ensure corporate financial controls and—as a distant second—make strategic business contributions. But the installation of on-premise enterprise resource planning (ERP) and accounting software meant that controllers’ roles now involve financial software know-how. To achieve financial transformation, controllers need guidance and practical strategies. Learn more.

accounting policies and procedures manual  Contributor Today's finance and accounting requirements for businesses represent a quantum leap in complexity from what was required even 10 years ago. For growing companies and nonprofit organizations, the high-quality accounting and financial expertise that they require are often beyond their means. Source : Corefino Resources Related to Finance Transformation and Routine Accounting: Enabling the Corporate Controller’s Role as a Strategic Contributor : Accountancy (Wikipedia) Finance Transformation Read More

Accounting and Tax Benefits of Modular, Portable Data Center Infrastructure


Well-informed accounting treatment of network-critical physical infrastructure (NCPI) assets can improve a company’s financial performance. Design and manufacturing improvements in modular and scalable uninterruptible power supplies (UPSs), power distribution units (PDUs), and computer room air conditioners provide entirely new NCPI asset management opportunities with direct and measurable financial benefits. Learn how.

accounting policies and procedures manual  Data Center Infrastructure Well-informed accounting treatment of network-critical physical infrastructure (NCPI) assets can improve a company’s financial performance. Design and manufacturing improvements in modular and scalable uninterruptible power supplies (UPSs), power distribution units (PDUs), and computer room air conditioners provide entirely new NCPI asset management opportunities with direct and measurable financial benefits. Learn how. Read More

How to Choose an Accounting System


If you're thinking about implementing a new accounting system, you'll want to gather all the facts before making a decision. The new system can impact nearly everyone in your corporation, so each decision is critical. The task is substantial and it can be tough to stay within your budget. This guide can help you get started in the right direction.

accounting policies and procedures manual  to Choose an Accounting System The challenges to successfully choosing, installing, and implementing new accounting software are many. But so are the opportunities—to gain greater control of your organization’s financial affairs, to make better decisions, and to improve cash flow, among others. This guide describes the six steps to successfully selecting accounting software. Read More

Getting Your Data, Processes & Procedures GFSI-Ready


Quality compliance required of food companies is changing, and tightening, in recent years. Many large customers are requiring that their suppliers certify to GFSI standards, and companies also face the daily barrage of internal quality procedures across production and warehousing areas, laboratories, carriers and third-party logistics providers. Know the quality management functionality that should be an integral part of your ERP system so you can meet your food quality compliance challenges.

accounting policies and procedures manual  food distribution, food distributor, ERP, ERP system, quality management, food quality compliance, food quality management, GFSI quality standards, JustFoodERP Read More

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


In plain, easy-to-follow language, finance accounting solutions buyer's guide for small to medium enterprises will bring you up to speed in the bas...

accounting policies and procedures manual  and Accounting Solutions Buyer’s Guide for Small to Medium Enterprises Business software may be one of the greatest productivity tools you can get your hands on. But if you're not an expert, selecting the right software can be a real nightmare. Here's an excellent buyer's guide to help you out if you're a small to medium business (SMB) interested in a finance and accounting enterprise resource planning (ERP) package. In plain, easy-to-follow language, Finance Accounting Solutions Buyer's Guide 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 policies and procedures manual  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

GMS Accounting and Financial Management System


The GMS Accounting and Financial Management/Reporting System integrates all accounting activity into an entity-wide system. The GMS Accounting system is not sold as separate modules, but rather as a package containing all the necessary functions to run your not-for-profit on a daily basis. Our underlying system design is entity-wide, providing you an integrated accounting system that performs all accounting activities. Systems are available in a 1–2 user version, a 3–4 user version, and a 5-or-more user version, either in Access or SQL Server applications. GMS has add-on software that can be purchased in addition to the basic package, including accounts receivable (AR), purchase orders (POs), direct deposit, fixed assets, and report writer. GMS also has a myriad of additional supplements to enhance your reporting features and that fit specific applications within your agency. GMS is designed to handle activity accounting. It is not a fund accounting system, but a grant and contract accounting system created and written specifically to account for grants, contracts, and activities. Key features include compliance with Financial Accounting Standards Board (FASB) 116 and 117 (requirements that all not-for-profit organizations follow); accounting, reporting, and budget monitoring for multiple grants and contracts, even if they have differing funding periods; multiple ways to handle important cost allocation issues for common costs, general and administrative costs, indirect costs, fringe benefits, leave costs, and various specialized cost pools; and a variety of ways to comply with all major Office of Management and Budget (OMB) Circulars. Our clients are exclusively not-for-profit and public organizations. They range in size from two to more than 1,000 employees.      

accounting policies and procedures manual  Accounting and Financial Management System The GMS Accounting and Financial Management/Reporting System integrates all accounting activity into an entity-wide system. The GMS Accounting system is not sold as separate modules, but rather as a package containing all the necessary functions to run your not-for-profit on a daily basis. Our underlying system design is entity-wide, providing you an integrated accounting system that performs all accounting activities. Systems are available in a 1–2 user Read More

Manual versus Information Technology Enabled Lean Manufacturing


All good lean systems have both physical systems in the plant and near real time information technology backbones that centralize data. The primary advantage of enterprise systems is that they can handle considerably more information than can be accommodated manually.

accounting policies and procedures manual  management oversight, planning, and accounting purposes. This information can be used for statistical analysis, to measure historical performance, and to monitor status—all of which are essential elements of the continuous improvement that lean manufacturing emphasizes. Lean aspiring manufacturers can also use enterprise systems to replace some visual controls, such as physical kanban card signals, with electronic ones, as a way to improve efficiency further and eliminate non-value adding activities. Read More

Certiflex Dimension


Since 1979, Certiflex products have been used in the accounting industry. It has over 1,000 standard industry reports and statements that incorporate GAAP standards. Certiflex Dimension has two series: the Professional Accounting series and the Business Accounting series. The Professional Accounting series is has been designed for the public accounting the areas of after-th-fact accounting, financial generation, payroll services, tax reporting, time and billing, and other professional service tools. The Business Accounting series was developed for a wide range of business operations and industries.  

accounting policies and procedures manual  been used in the accounting industry. It has over 1,000 standard industry reports and statements that incorporate GAAP standards. Certiflex Dimension has two series: the Professional Accounting series and the Business Accounting series. The Professional Accounting series is has been designed for the public accounting the areas of after-th-fact accounting, financial generation, payroll services, tax reporting, time and billing, and other professional service tools. The Business Accounting series was Read More

Climate Change: Challenges and Opportunities Preparing Your Company for Upcoming Energy Policies


The debate over climate change is quickly coming to a close and will soon be replaced by a new debate about policy alternatives. These policies will affect business in striking ways, through end-use efficiency standards, increased energy costs, and increased prices of raw materials and components. Take the most important action: analyze and understand your direct and supply chain emissions of greenhouse gases. Learn more.

accounting policies and procedures manual  Change: Challenges and Opportunities Preparing Your Company for Upcoming Energy Policies The debate over climate change is quickly coming to a close and will soon be replaced by a new debate about policy alternatives. These policies will affect business in striking ways, through end-use efficiency standards, increased energy costs, and increased prices of raw materials and components. Take the most important action: analyze and understand your direct and supply chain emissions of greenhouse gases. Read More