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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

accounting wip  minimized or eliminated. Lean accounting therefore stimulates the prevention of unnecessary inventory, or at least its minimization, and WIP is stated as a liability in financial reports. • Labor expenses. Traditional accounting models treat employees as a variable expense that should be minimized in the same way as other costs, such as purchased materials or delivery charges. This attitude has had widespread and dramatic economic and political repercussions, with the United States and other developed Read More
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Documents related to » accounting wip


Intuitive Manufacturing Systems Shows Maturity in Adolescent Age Part Two: Market Impact
Intuitive is one of the vendors that have long attempted to mitigate the actual and perceived barriers to enterprise resource planning (ERP) acceptance by

accounting wip  sales order entry, complete accounting (including accounts payable [AP], accounts receivable [AR], and general ledger [GL]), sales analysis, and shop floor control are typical capabilities that offer general small manufacturers the opportunity to increase productivity while reducing costs throughout the organization, by performing fast and accurate closing, job costing, and financial reporting. The planning capabilities are more than worth mentioning, given their intuitiveness while solving quite Read More
Reflections on Lean Philosophy and the Theory of Constraints
The theory of constraints (TOC) is similar to, yet different from, the lean philosophy. TOC focuses on optimizing production through critical bottlenecks in

accounting wip  primary focus of TOC accounting is on aggressively exploiting constraints to make more money for the firm. Similarly, TOC's goal is to maximize throughput on the bottleneck, which is equal to the profit, since, according to Goldratt et al 's 1984 blockbuster business novel, The Goal , an hour lost on the bottleneck is lost forever and an hour saved on a non-bottleneck is a mirage. TOC Implementation In practice, TOC is implemented by following the subsequent five straightforward steps. Identify the Read More
Enterprise Applications--The Genesis and Future, Revisited Part One: 1960s--Pre-Computer Era
Knowing the history and evolution of enterprise applications is essential to understanding their current use and future developments. Each step in the evolution

accounting wip  the inventory moves, financial accounting moves with it—in duplicate—with balanced credits and debits. After all, the principles of checks and balances and of double entry bookkeeping were established by old Venetians. Available information technology (IT) now had the power and was affordable enough to track this inventory movement and financial activity. As a result, the basic programs for manufacturing were integrated into one package using a common database that could be accessed by all users. Read More
Pull vs Push: a Discussion of Lean, JIT, Flow, and Traditional MRP Part 1: Tutorial
Flow manufacturing leverages techniques to help manufacturers create any product on any given day, in any given quantity including the

accounting wip  critical even in the accounting arena where evaluated receipt settlement, release accounting, self-billing, and retro-billing speedup processes while helping suppliers optimize their limited resources. Underlying Concept of Flow Manufacturing The underlying concept of flow manufacturing is further based on the premise that by properly designing production lines, determining and balancing the optimal mix of products to a daily demand rate, in combination with workers' all-round skills and self-inspection, Read More
Intuit and Square Integrate POS and Accounting for SMBs
Intuit and Square recently announced a seamless integration between Square Register and QuickBooks accounting. Built on Intuit’s open platform, the integration

accounting wip  Square Integrate POS and Accounting for SMBs Intuit and Square recently announced a  seamless integration between Square Register and QuickBooks accounting . Built on Intuit’s open platform, the integration with Square's point-of-sale (POS) solution aims to enable small businesses to more efficiently import their transactions from Square into QuickBooks, helping them streamline their operations, save time, and ensure more accurate reporting. The Square integration is the first of many new partnerships Read More
Deacom Integrated Accounting and Enterprise Resource Planning Software System v.10.4 for Mixed-mode 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

accounting wip  Integrated Accounting and Enterprise Resource Planning Software System v.10.4 for Mixed-mode 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 mixed-mode manufacturing in the ERP Evaluation Center. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst commentary. 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

accounting wip  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. Read More
Six Reasons You Should Think About Getting a New Accounting System
Accountants and business people overall are generally aware that whatever happens in the company must be reflected in the corresponding accounting books or

accounting wip  About Getting a New Accounting System Accountants and business people overall are generally aware that whatever happens in the company must be reflected in the corresponding accounting books or ledgers as accurately and as quickly as possible. This means that accounting as a business process should be able to obtain, process, and store a significant volume of data that comes from a battery of different sources. I do not believe we need to convince anybody to use a computer-based accounting system to Read More
eTEK for Microsoft Office
eTek offers a Microsoft Office compatible and Microsoft BackOffice approved client/server accounting and management information system that is scalable from

accounting wip  Microsoft BackOffice approved client/server accounting and management information system that is scalable from a single-desktop up to a major enterprise with numerous locations and users. 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

accounting wip  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
10 Fundamental Strategies for Choosing the Right ERP Finance and Accounting Solution for Your Company
Big-name vendors are competing with those that have long catered to midsized enterprises. With a little savvy, midsize companies can make the dynamic enterprise

accounting wip  Right ERP Finance and Accounting Solution for Your Company 10 Strategies for Choosing the Right ERP Finance and Accounting Solution For Your Company 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. Source : Read More
POLL: Is Cloud-based Accounting/Financial Software Right for You?
TEC is preparing a new Financial Packages Buyer’s Guide, and we’d like to hear your thoughts on cloud-based finance and accounting software. Your responses to

accounting wip  on cloud-based finance and accounting software. Your responses to the questions below will help us keep the guide focused on the needs of real-world accountants, financial managers, IT specialists, and other professionals. {democracy:70} {democracy:71} {democracy:72} {democracy:73} {democracy:74} Thanks for taking the time to participate in this TEC poll. The Financial Packages Buyer’s Guide is due out in December. We’ll make an announcement on this blog as soon as it’s published. BEGINLYX Read More
Epicor Financial Management Software (v. 9.05) for Financial Packages Certification Report
Epicor Financial Management Software (v. 9.05) is now TEC Certified for online evaluation of financial packages in TEC’s Accounting Evaluation Center. The

accounting wip  financial packages in TEC’s Accounting Evaluation Center. 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. Read More

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