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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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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 wip


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

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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 wip

Sorting Through the ERP, Lean MFG, APS, and MES Clutter - Part 3


Part 1 of this blog series started with a discussion of the fact that the ability to sense demand and become a demand-driven (responsive) business is more than just the catch phrase du jour: it has become a recipe for survival. For the past few decades, the providers of a multiplicity of by-and-large integrated manufacturing software solutions have been offering help for embattled manufacturers

accounting wip  and its  standard cost accounting  approaches produce. Rather, APS produces more accurate  work in process (WIP)  snapshots and suggests deliverable production plans that users can quickly change and optimize no matter what is thrown at them, especially in engineer-to-order (ETO) and build-to-order (BTO) businesses with uneven demand patterns. Preactor, which now has more than 3,000 installations worldwide, cites the following typical business benefits: a 15 percent increase in  productivity , 40 Read More

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 smaller enterprises.

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

NetSuite and Autodesk Join Forces for Cloud Manufacturing Software


NetSuite is on a roll with whopping growth and expansion (16,000 customers, 2,000 employees, and 700 partners) and is even now talking about profitability, positive cash flow, and a hefty cash position (contrary to the popular belief that cloud software vendors are not profitable in general). The company’s third SuiteWorld annual conference brought about 5,000 attendees, which is significantly

accounting wip  work in progress (WIP) accounting, inventory management with available-to-promise (ATP), and supply chain integration. While previously NetSuite mainly targeted outsourced offshore manufacturing, NetSuite Manufacturing Edition now caters to manufacturers that make their own products. The offering is still a fairly generic discrete manufacturing solution, but it is likely that NetSuite will make it more vertical, in part based on tuck-in acquisitions and partner offerings. The manufacturing product also 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 order to meet market demand.

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

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 wip  Systems Red Wing Software Accounting for SMBs: A Solution Beyond Entry-level Systems Red Wing Software Red Wing Software Featured Author - Charles Chewning Jr. - January 21, 2005 Introduction The market for middle-market accounting software spans a large range based on price, functionality, and the size of the target organization. Most people are familiar with entry level products such as QuickBooks , Peachtree , and Simply Accounting and they are equally familiar with higher-end products such as Read More

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 required or permitted in nearly 100 countries, while others plan to adopt or align with IFRS soon. In the US, Generally Accepted Accounting Principles (GAAP) will soon be aligned with IFRS. Find out how this will affect your company, and what you can do about it.

accounting wip  in Evaluation Centers like Accounting System Evaluation Center. Accounting systems manage procedures for accurately entering, tracking, and maintaining information related to an organization's financial operations. Source: Technology Evaluation Centers Resources Related to Smooth Transition: Preparing for IFRS : International Financial Reporting Standards (IFRS) (Wikipedia) Smooth Transition: Preparing for IFRS IFRS Transition is also known as : Transition to IFRS , GAAP to IFRS Transition , IFRS Read More

Provision Fund Accounting


In addition to the solutions offered by Microsoft, Protéan provides the ProVision Fund Accounting package, a solution targeted at public entities and nonprofit organizations of all sizes.  

accounting wip  Fund Accounting In addition to the solutions offered by Microsoft, Protéan provides the ProVision Fund Accounting package, a solution targeted at public entities and nonprofit organizations of all sizes. Read More

Accounting Seed


Accounting Seed has developed a native application exclusively for the cloud Salesforce.com platform, that integrates accounting and enterprise resource planning (ERP) with customer relations management (CRM), seamlessly and securely under one roof, and visible to users on a single dashboard. Accounting Seed delivers a real-time, 360-degree view of a business, accessible by smartphone, tablet, or any computer, anywhere in the world.

accounting wip  Seed Accounting Seed has developed a native application exclusively for the cloud Salesforce.com platform, that integrates accounting and enterprise resource planning (ERP) with customer relations management (CRM), seamlessly and securely under one roof, and visible to users on a single dashboard. Accounting Seed delivers a real-time, 360-degree view of a business, accessible by smartphone, tablet, or any computer, anywhere in the world. Read More

Down To Earth Business Software


Down To Earth Business Software is a comprehensive suite of integrated business applications designed to address the requirements of the general accounting, wholesale distribution, and light manufacturing industries for small and mid-sized companies. The company's products automate financial and operational processes.    

accounting wip  requirements of the general accounting, wholesale distribution, and light manufacturing industries for small and mid-sized companies. The company's products automate financial and operational processes. Read More

Accounting and Financial Packages Accreditation Report: GMS Accounting Management Software


Organizations seeking the services of a value-added reseller (VAR), channel partner, implementer, vendor, or consultant require an evaluation of what this service provider has to offer. This report will assist organizations looking to determine the best-fit service provider for their implementation needs. Based on information provided to TEC by GMS Accounting Management Software (GMS) and its clients, this report focuses on real-life implementation projects delivered by the service provider to three of its existing clients.

accounting wip  Packages Accreditation Report: GMS Accounting Management Software Organizations seeking the services of a value-added reseller (VAR), channel partner, implementer, vendor, or consultant require an evaluation of what this service provider has to offer. This report will assist organizations looking to determine the best-fit service provider for their implementation needs. Based on information provided to TEC by GMS Accounting Management Software (GMS) and its clients, this report focuses on real-life implem Read More

FinancialForce Accounting Summer ’12 Bridges Salesforce Service Cloud and Accounting


FinancialForce Accounting Summer ’12 is launched just in time for the Dreamforce 2012 conference. FinancialForce Accounting has been extended to work with Salesforce Service Cloud (previously it worked with Salesforce Sales Cloud only). This integration is expected to eliminate the proverbial gap between customer service and finance functions and to turn the customer service center (call center

accounting wip  Accounting Summer ’12 Bridges Salesforce Service Cloud and Accounting FinancialForce Accounting Summer ’12 is launched just in time for the Dreamforce 2012 conference. FinancialForce Accounting has been extended to work with Salesforce Service Cloud (previously it worked with Salesforce Sales Cloud only). This integration is expected to eliminate the proverbial gap between customer service and finance functions and to turn the customer service center (call center) from a cost center to Read More

Accounting Software Checklist for Small and Midsized Businesses


Like the smb finance and accounting checklist from inside business finance.

accounting wip  Businesses Selecting a new accounting and finance software solution for your company can be a risky business. If you miss something, it can come back to haunt you later. A good checklist can help ensure that you cover all the angles, and ask the right questions . Like the SMB Finance and Accounting Checklist from Inside Business Finance . Written in clear language, this buyer's checklist for small and midsized businesses (SMBs) gives you the right questions to ask—and angles to consider—when it comes Read More

Epicor for Service Enterprises: Project Accounting for Professional Services Organizations




accounting wip  for Service Enterprises: Project Accounting for Professional Services Organizations Read More

TRAVERSE


Traverse accounting software is geared to small and mid-size companies. It offers advanced reporting capabilities, e-business solutions, specialized modules for manufacturing and distribution, and a number of featured vertical applications.Traverse has the following key features: intuiitive functionality, Excel-based financial reporting and custom reports, drill down capabilities, and graphing capabilites. The system is scalable and was designed to work with Microsoft technology. Traverse also includes several e-business modules that allow for easy integration into back-office operations and it provides open source code. It is best suited for small companies with twelve users or less that need a Windows-based, enterprise-wide accounting software solution.   

accounting wip  Traverse accounting software is geared to small and mid-size companies. It offers advanced reporting capabilities, e-business solutions, specialized modules for manufacturing and distribution, and a number of featured vertical applications.Traverse has the following key features: intuiitive functionality, Excel-based financial reporting and custom reports, drill down capabilities, and graphing capabilites. The system is scalable and was designed to work with Microsoft technology. Traverse also incl Read More