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ERP Accounting Software has several options for your business

ERP accounting software is a becoming popular resource among both the small and large business. The benefits are endless as it cuts costs, saves time and makes accounting tasks easier.  It can also consolidate the areas vital to the accounting department which include: payables, cash management, fixed assets, receivables, budgeting and consolidation. However, it can be daunting to pick out the right accounting ERP software for your business.  There are several options that you can choose to find the system for your needs.

A very popular ERP accounting software program is SAGE MAS 500 by Microsoft. The program helps to consolidate the accounting functions of: accounts payable and receivable, cash management, accounting for assents and inventory, consolidations, management of multiple currencies.  This software is optimal for an e-business and is designated to be compatible with Microsoft programs.  It is well liked by users due since it is very reliable and has excellent virus protection.

Another accounting software program is Infor ERP Solutions. It is a system designed for a customer relation management system that is convenient for business’s that deal with customers on a daily basis.  The program has over 70,000 customers and it is very user friendly.

Also Made2 Manage ERP is also a very good accounting ERP system that was also developed for Microsoft platforms. One of the benefits of this ERP accounting system is that you can run Microsoft Windows programs from 2000 and up.  The software is also simple to use and is useful for smaller to middle size manufacturing business.

Quicken is also a favorite accounting ERP accounting software among personal and business use. It helps to consolidate all of your accounts in one place. It keeps track of spending and bills and is especially useful in keeping to a financial budget.

Quickbooks  Enterprise is a basic system that is popular due to the fact that it is very easy to use. You can manage business finances, inventory, customers, vendors, and employees for a cheaper price tag that most other systems.

Microsoft Dynamics GP is an ERP Accounting system that is focused on business management solutions. It assists with financial and operational functions and needs such as forecasting, budgeting, and business intelligence. It has a stable platform that will support your business’s current and future needs.

With a little research you can find an optimal ERP Accounting software solution for your business. It will ultimately improve the accounting department and functions in your company.

ERP Software

Accounting Management Software, Part II

Continuous help and support from the vendor are paramount, too. Chances are many, many questions will develop over the first year or two using a new accounting program. A business has to be able to rely on the vendor to be there to answer those questions on the phone or in person when they purchase accounting management software. Limited service such as help files and a list of Frequently Asked Questions are just not enough.

Having decided on Ease of Use and Help & Support as two initial goals, the next step for a company to take is to evaluate what is required to manage and improve the efficiency of the business. In other words: what are the exact needs and problems the company is hoping to solve through this purchase? A second step is to gather information on the vendors. Look into their track rates –previous successes and failures. Also find out: have they handled clients with a structure and statistics similar to yours? If so, how do these clients assess the product. Is it easy to use? And what do they think about the relationship with the vendor. Does the vendor continue to work with a customer after the sale is completed -providing help and support?

The important thing to remember for Accounting Software Management is that while there are many excellent products already available, constant augmentation is part of the equation.  This means there is no guarantee that if today a company purchases a terrific software solution that fits every requirement the business has, that tomorrow –an even better product, more niche specific or with capabilities previously unobtainable, may not come on the market.

A perfect example is the ground-breaking software MedOffice which will hit the market soon. MedOffice is a product of The Darnoc Group, a medical billing and practice management company. This new software will allow physicians to restructure accounting procedures with new technology that makes it possible to track every dollar on every claim processed, in an accurate and user-friendly fashion. Business managers who have previewed the software believe it is truly innovative in the way it will allow physician practices to cut costs and realize cash flow with more timely billing.

ERP Software

Accounting Management Software, Part I

Business school experts consider Italian merchants to be the originators of double entry accounting. According to Professor Basil Yamey from the London School of Economics, merchants with thriving businesses, and more than a few clients, soon realized that they could not rely simply on memory to keep their accounts straight. It was not until the fifteenth century, however, that one of those merchants, Benedetto Cotrugli, made it official by including an index with many journal entries in his published book titled (in English) –Book on the Art of Trade. Later, the eighteenth century saw the rise of international trade and stock exchanges; in the 1920s, General Motors adopted modern cost accounting; almost thirty years later, Arthur Andersen was the first to computerize a payroll, when he computerized a General Electric plant; in the 1970s, former IBM engineers founded SAP (Systemanalyse und Programmentwicklung) to create their own financial accounting system, liberating accounting managers from expensive investment into massive mainframe hardware; later that same decade, JD Edwards began to work with accounting software for wholesale distribution and cost accounting systems; the 1980s saw two Canadian accountants,  Norm Francis and Ted Comfoltey,  and two programmers, Don Thomson and Keith Whales, organize in order to create ACCPAC – the first low cost accounting application for small business; and finally, in the 1990s, research firm Gartner coined the term ERP (enterprise resource planning) for a software product that aimed to cover all key aspects of an enterprise – from accounting to manufacturing to human resource management.

At the present time, there are countless of Accounting Management Software programs on the market which evolved from the ERP model. The latest generation – ERP II – is now web-based. Accounting Management Software is designed to manage the financial transactions of a company. Accounting management facilitates accounting functions. The software gives businesses the tools required to effectively turn financial data into profit. Accounting Management Software is a powerful and comprehensive financial solution. Everything to do with accounting and finance falls under its purview.  

While there are differences between software packages, the good accounting software programs will include the following: invoicing and account receivables; account payables; inventory control; payroll; banking; employee management; time costing; project or job management; reporting; fixed assets; and conversions and updates.

Businesses shopping for accounting software would do well to also look for criteria such as ease of use and help & support. Ease of Use is vastly crucial. Buying and implementing a software program that no one is comfortable using will add no benefit at all to a company. Accounting is difficult enough without the additional burden of a hard to use program.

ERP Software

Accounting Software Training: important beyond the obvious-Part 1

When a company rolls out new accounting software, it often meets with a certain amount of resistance.  It is rare for all staff to readily buy in to such a major change without anyone pushing back.  Many people are resistant to change, thus the phrase “If it isn’t broken, don’t fix it.” Virtually everyone has heard it and has even used it at one time or another.  The fact is that change is as much a part of who we are as human beings as is the comfort of having things remain the same. It is a balance that we aspire to.  

Since change is inevitable, it is best that we make that change as painless as possible with a well-planned rollout of new accounting software, including sufficient training.  Some businesses choose to do this training by means of professional trainers that are often worked into the purchase agreement for the new accounting software package. Some use consultants (third-party trainers) and some have business analysts on staff dedicated to training issues.  

Electronic training is becoming more and more popular, however caution should be exercised when training the “resisters” as human to human likely works best for them.  Training in advance of the go live can work as a morale booster, a team building experience and to encourage end-users to take ownership of the new product.

It is good to get the most resistant individuals involved first.  They should be among the testers as they will often unearth some fine tuning that needs to be done and though they take pride in ownership of the current system and their own expertise in using it, they will become equally as enthusiastic about the new accounting software if they have a larger personal stake in it.

Be sure to “uber-train” some individuals.  Power users within a department are a vital support tool and other workers are far more comfortable approaching a colleague with a question.  This will also help to minimize the go-live onslaught for the IT department when the big day comes and will also shorten the learning curve, helping return to business as normal (an hopefully better) in as short a time as possible. Remember, your accounting department employees are in the business of accounting first and foremost and accounting software for them is no more than a tool to perform their accounting duties. For them, time is quite literally, money and that’s that.

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