Legal marijuana businesses face the same hurdles all growing businesses do. The cannabis industry and marijuana business won big in the election this year, with five states voting to approve recreational use and three more voting to approve cannabis for medicinal purposes. Experts predict the newest legalizations will help spur growth in the legal cannabis…
Are you playing Russian roulette or firing on all cylinders? Velosio recently asked friend and strategic partner, Andrejs Bunkse to share his experience with cannabis businesses that lack the proper cannabis inventory software, accounting or business management software. Having worked as a consultant for state regulators that control who gets (and keeps) commercial medical marijuana…
Accounting and inventory tracking capabilities are crucial for running any type of business. But, for cannabis companies, they’re an urgent priority that can make or break your business. Failing to invest in the right solutions could open the door to all kinds of risks. It could put your license in jeopardy, trigger an audit from…
Resource utilization rates are a great way to take the pulse of a professional services organization. Besides telling you if your resources are overworked or underutilized, utilization rates usually give you clues about how well the company functions in generating proposals, planning projects, and hiring resources. Yes, the utilization rate needs to be high enough…
Unlike NetSuite or SAP, QuickBooks isn’t a true competitor to Microsoft Dynamics 365. Sure, both platforms help SMBs handle basic accounting tasks, beyond that sliver of overlap, the two have little in common. While Dynamics 365 covers the entire business, QuickBooks focuses solely on accounting, forcing users to rely on 3rd-party integrations for full coverage.…
Selecting a new ERP solution is a tricky balancing act. The right solution supports your current needs, but also, offers the flexibility and advanced features necessary to accommodate future growth and ever-changing strategies. For many organizations, choosing between an SMB solution like Business Central and the more robust Dynamics 365 Finance and Operations (F&O) is…
As project-based firms grow, they may find themselves with a teetering tech stack. At the beginning, spreadsheets and institutional knowledge were enough to get projects across the line. Over time, different platforms are added as new functionality and management software are chosen by your teams. One day you look up and your business is running…
Professional services executives know that having a good reputation is essential for success, especially in competitive industries. A bad reputation can cause lost clients, difficulty hiring and keeping employees, and be expensive to fix. Investing in resources to manage your professional services firm’s reputation is important. The right technology platform will provide the transparency, streamlined…
As a top Microsoft Dynamics 365 Business Central partner, we’ve helped many of our clients move their paper payment processes to ACH. In fact, our support desk experts have had so many questions about how to move from paper to ACH, that they’ve broken it down for you step-by-step below. Step 1: Gather Information ACH…
You have reached the end of your fiscal or calendar year, and it’s time to close the accounting period in Microsoft Dynamics 365 Business Central. At least 12 months have passed since you last performed this process, and perhaps this is the first time you are completing these steps within Dynamics 365. You may have…
