Is business succession planning part of your C-suite conversation? If not, it should be. According to the Harvard Business Review, most boards are unprepared for leadership transitions. Such preparation takes years, not months, and it’s inevitable. People retire or choose to work for other companies. When that happens, companies that are unprepared for leadership succession […]

Cloud accounting systems offer many benefits and few drawbacks. The best cloud systems offer flexibility, security, and automation of numerous tasks. And, while they offer many benefits to the entire company, there are five specific benefits your finance team will appreciate. Here, we share these benefits and what they may mean to your finance department. […]

Most warehousing and distribution businesses achieve 4% net profit, according to the National Association of Wholesalers and Distributors. Companies that are able to achieve such profits (or more) rely heavily on warehousing and distribution metrics to ensure they are minimizing expenses to maximize profits. In this introduction to warehousing and distribution metrics, we’ll review the […]

ERP payroll software can help small businesses save a great deal of time. The average SMB spends 5 hours per pay period calculating payroll and associated taxes. Business situations such as multiple locations, hourly and salaried workers, shift work, and split shifts compound the complexities of calculating and issuing payroll. Companies running a sound ERP […]

In this tutorial, we will review how to update the 1099 amounts for a vendor. For this scenario, let’s say that after reviewing the 1099 vendor report, we noticed that the amount and code for a certain vendor is incorrect. This can happen if an invoice is keyed incorrectly when originally entered. Thus, we need […]

In this tutorial, we will review a few steps in managing 1099s in Acumatica. We will learn how to mark a 1099 vendor, how to print 1099s, how to run reports, and finally how to close the 1099 year. Acumatica Accounts Payable First, we will learn how to mark a vendor as a 1099 vendor. […]

Now that you’ve chosen Acumatica as your new ERP system, what next? Many companies look forward to their new ERP platform but experience some anxiety as the process begins. There are certainly many moving parts and decisions to be made when a new ERP system comes online in your company. The following tips for a […]

Many small businesses struggle to manage their payroll, but home healthcare payroll is often among the most challenging to manage. This is especially true for agencies with multiple locations. Not only must they account for each employee’s hourly wage, hours worked, mileage, and other components, but the challenge of managing data is multiplied by the […]

The wholesale distribution industry represents an enormous segment of business with over $10 trillion USD in global annual sales. With so many vendors competing for a slice of this big pie, it’s no wonder that wholesale distribution companies seek any competitive advantage they can get. Changing global circumstances and pressures are also forcing wholesale distributors […]

ERP reporting tools offer an outstanding array of data depictions ranging from simple bar and pie charts to graphical displays of information that make it easy to see the big-picture story. However, adding a true data visualization tool to an ERP system can make a big impact in your company’s ability to see and interpret […]