A cash forecast is used to monitor a company’s projected cash requirements for a specific period of time. Cash forecasting helps a company to understand the cash effects of sales and expense variances, changes in AP and AR activity, cash spending plans (e.g., capital spending), or changes in cash reserves. Some companies complete the forecasts…
An organized and controlled GL period close is essential to the completion of accurate financial statements. Accurate statements are critical in expense control analysis and support informed financial decisions. An accounting year is based on a number of accounting periods. Monthly accounting periods are the norm. Monthly accounting periods do not need to be based…
QuickBooks can work well for start-ups, but as a business grows and accounting transactions increase rapidly, the system can get overwhelmed. Expanding businesses also start to realize the necessity of integrating financial processes with fulfillment processes to operate profitably and keep customers happy. What’s needed is a holistic solution with deep ERP functionality and sophisticated…
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.…
Does your organization manage a certification program? Administering certifications, education, and credit hours can be a time-consuming and challenging process for your staff. Enhance your process with Velosio’s iSimpleCert solution. It is a simple, flexible certification tracking tool to enhance your iMIS RiSE system. The iSimpleCert iFit for iMIS RiSE is a highly organized and…
Many member-based organizations today are looking for new tools to help their employees be more productive and collaborative. As the workplace is becoming increasingly mobile and leaders are managing a growing number of remote teams, the need for efficiency and connectivity is greater than ever before. Microsoft Teams, as the hub for teamwork, is where…
