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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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 cost accounting job order costing


Your Reference Guide to SMB Accounting Software Features
This reference guide provides insight into the accounting features and functions currently available on today's market for small to medium businesses (SMBs). It

cost accounting job order costing  cost distribution reports, maintenance cost analysis, and detailed fleet maintenance analysis. 8. Order Entry Order Entry (Set Up) Order entry is not just about taking orders and subsequently shipping goods. There are many other activities you need to consider when you set up an order entry system. This category covers some of those functions and activities. Order Receipt The process of receiving an order can be simple or it can be complex, depending on the nature of the order, how it is recorded, and

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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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Blue Link ERP


The Blue Link Elite solution features every module included in its Controller version, plus purchase order, job costing, producton control and bill of materials (BOM), contact management, return merchandise authorization (RMA), customer contract pricing, and product configurator.  

cost accounting job order costing  plus purchase order, job costing, producton control and bill of materials (BOM), contact management, return merchandise authorization (RMA), customer contract pricing, and product configurator. Read More

Lilly Software - Product Enhancements Remain Its Order 'Du Jour' Part Four: Challenges and User Recommendations


LSA’s need to re-deploy the product on a new technology and to deliver the needed functionality for its new desired markets, will demand a continued hefty R&D investment, which may put a significant strain on the company’s resources in the long run, particularly if the top line remains flat or possibly even declines.

cost accounting job order costing  compared to what most cost accountants are expecting in a standard cost system. The company has therefore taken a strong look at its Financials module and made significant enhancements in the areas of complex consolidation, euro support, and advanced multicurrency. VISUAL Financials includes a Euro conversion utility and a significant number of improvements to Value Added Tax (VAT) capabilities, but the most important addition is that companies can now perform Average Costing. In the past, VISUAL 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.

cost accounting job order costing  processing, data input and cost distribution, payroll check writing, control reports, and financial reports. When it comes to 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 Read More

Project Costing for Maximum Profitability


By implementing timekeeping solutions for costing, organizations obtain valuable insight into project profitability. Project-oriented timekeeping data is also used to bid on future projects, stay within budgeted costs, allocate appropriate resources, and track projects already under way. These solutions deliver more than just attendance tracking systems. They provide tools for understanding the impact of time and resources on project profitability.

cost accounting job order costing  detailed hierarchical project lists, cost codes, and other important time reporting data. Further, manual methods have cumbersome approval processes, requiring employees to pass paperwork from desk to desk. This results in delayed payments, misplaced paperwork, and numerous other problems. Related manual approval processes is the problem with employee notifications. Frequently, timesheets are turned in late by remote employees who are delayed due to travel and/or inability to access their computers or Read More

Upgrading Your Job Scheduling Environment


This white paper explains the importance of an independent, enterprise-wide job scheduling solution for your IT infrastructure. It discusses why you need a single job scheduling tool, the market drivers leading IT professionals to an independent job scheduling solution, the benefits of an independent job scheduling solution, and how it can save your business valuable time, money, and resources while avoiding risk.

cost accounting job order costing   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.      

cost accounting job order costing  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. Read More

Managing IT in a Downturn: Beyond Cost-cutting


During a downturn economy, the IT department is often among the first to be hit with senior executives’ cost-cutting initiatives. Yet in some instances, IT investments deliver more value to a company’s top and bottom lines—by creating new efficiencies and increasing revenues—than any savings gained from traditional IT cost-cutting. Discover the other reasons why your IT spending can actually save money in the long run.

cost accounting job order costing  in a Downturn: Beyond Cost-cutting During a downturn economy, the IT department is often among the first to be hit with senior executives’ cost-cutting initiatives. Yet in some instances, IT investments deliver more value to a company’s top and bottom lines—by creating new efficiencies and increasing revenues—than any savings gained from traditional IT cost-cutting. Discover the other reasons why your IT spending can actually save money in the long run. Read More

10 Accounting Practices Heading the Way of the Dinosaur


Are you guilty of "business as usual"? Inefficient, old school accounting systems can hold your business back. This list runs down the top 10 outdated accounting practices because they simply present far too many risks for your business. These days, there are modern, simple yet powerful technologies that can streamline every component of your finance department.

cost accounting job order costing  Accounting Practices Heading the Way of the Dinosaur Are you guilty of business as usual ? Inefficient, old school accounting systems can hold your business back. This list runs down the top 10 outdated accounting practices because they simply present far too many risks for your business. These days, there are modern, simple yet powerful technologies that can streamline every component of your finance department. Read More

Outsourcing Security Part 2: Measuring the Cost


Evaluating the cost of outsourcing can be challenging because most organizations cannot fully estimate the financial impact of such a decision.

cost accounting job order costing  Part 2: Measuring the Cost Introduction For organizations of all sizes, outsourcing security is becoming an increasingly attractive method for maintaining a strong security posture. In fact, outsourced security is the fastest growing segment of the information security services market, according to a recent Gartner Dataquest study. Often, the decision to outsource security is based on cost: Can the company effectively outsource or co-source security management functions while still realizing a good Read More

Demandware Gets Into Mainstream Order Management


Demandware, a cloud commerce solution provider, recently acquired the cloud-based order management solution provider Mainstreet Commerce. See how this acquisition will allow retailers to deliver faster and more rewarding omni-channel consumer experiences. Get the details in P.J.'s blog post.

cost accounting job order costing  loyalty, lower inventory carrying costs and increase turnover, enhance customer service, and increase revenue by facilitating omni-channel imperatives. IBM Smart Commerce, Oracle ATG, SAP Hybris , and others have already been offering these combined capabilities, but not necessarily everything in a multi-tenant cloud. It will be interesting to watch how Demandware’s partnerships with similar DOM providers, especially with Manhattan Associates , will unfold now with this acquisition. Read More

Technology Hardware Maintenance-Acquiring and Managing Cost Effective Service


Hardware maintenance can represent a significant information technology cost, but options for managing that cost exist. If you analyze hardware maintenance from an enterprise perspective, you will identify those options and ensure the cost-effective delivery of those services.

cost accounting job order costing  Hardware Maintenance-Acquiring and Managing Cost Effective Service Introduction Who likes getting their car serviced? No one does, but the need for dependable transportation requires us to maintain our cars. A similar situation applies to maintaining a portfolio of technology hardware. The business depends on its reliability, so we must maintain it. This article focuses on how an organization acquires and manages that maintenance service cost-effectively. Identify the Enterprise Portfolio The first step Read More

The 2011 Buyer's Guide to Accounting and Financial Software


Too often, finance professionals must contend with outdated financial and accounting systems that present spiraling overhead costs, functional limitations, and unnecessary risks. And that makes it challenging for them to respond to complex business issues such as frequent regulatory change and increased compliance challenges--as well as requirements for visibility across multiple entities, currencies, and tax and regulatory frameworks. Download this buyer guide for a comprehensive overview of how cloud computing can help, including a handy chart comparing software delivery models and vital tips for evaluating cloud solutions for finance and accounting.

cost accounting job order costing  that present spiraling overhead costs, functional limitations, and unnecessary risks. And that makes it challenging for them to respond to complex business issues such as frequent regulatory change and increased compliance challenges--as well as requirements for visibility across multiple entities, currencies, and tax and regulatory frameworks. Download this buyer guide for a comprehensive overview of how cloud computing can help, including a handy chart comparing software delivery models and vital tips Read More

Siemens PLM Tackles Product Costing




cost accounting job order costing  global provider of product cost management and estimation software solutions. Following the acquisition, Perfect Costing Solutions will become part of the Siemens PLM Software business unit. Figure 1 At the analyst summit, Siemens PLM talked about the new realities for manufacturers whereby ever more people are collaborating, searching for more info and making complex decisions, with ever less room for error. Indeed, in this information age, aren’t we all flooded and overwhelmed by a deluge of Read More

Cost Accounting Primer


Whether you’re familiar with the world of accounting or not, understanding the basic concepts and principles of accounting functions can give you an essential edge in the competitive manufacturing sector. This in-depth guide, complete with glossary, takes you through the step-by-step process of cost accounting for manufacturers—from prototype manufacturing, shipping, and full production, through to financial reports.

cost accounting job order costing  the step-by-step process of cost accounting for manufacturers—from prototype manufacturing, shipping, and full production, through to financial reports. Read More