How to import Amortization Schedules in NetSuite

Amortization is an expense recognition feature and an accounting technique that is used to spread the cost of an asset over time. This feature can help in the deferral of purchase expenses. Amortization is similar to depreciation as they are both methods of calculating expense over a given amount of time.

5 Factors to Consider When Introducing/Upgrading an ERP System

An ERP system is a powerful tool that can streamline your business operations. Order processing, billing, inventory management, and more can be controlled from one software suite instead of multiple programs. And today’s IT executives have more choices than ever when it comes to ERP software. There are multiple vendors to choose from providing on-premises… Continue reading 5 Factors to Consider When Introducing/Upgrading an ERP System

Benefits of an Organization Using a Third-Party Company to Approve Bill Payments and Pay Bills

Since 2000, the global market size of outsourced services has grown from $45.6 billion to $85.6 billion. Organizations increasingly rely on a variety of outsourced services, including those related to bill payment and approval. With so many businesses employing remote workers, cloud-based solutions may make more sense in the long run. Shalakay Gibbs Explore 5… Continue reading Benefits of an Organization Using a Third-Party Company to Approve Bill Payments and Pay Bills

Is Your Accounting Software Your Achille’s Heel?

How’s your business doing? On the surface, things may seem great. You are landing new accounts, keeping your clients happy, and building a positive reputation for your business. But behind this bright facade, you may be starting to notice problems emerging in one of your company’s fundamental support structures – your business accounting software.

The Big Five – Ask yourself these questions when considering upgrading to ERP System

Once considered an option for only larger companies, ERP systems are now easily scalable for companies of all sizes. However, is upgrading to an ERP system the right solution for your company? before choosing an ERP system, understand that it may require careful planning as well as a drastic cultural shift within your company. Today we will present five questions you should ask yourself before taking the plunge to upgrade to an ERP system.

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