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. […]

How do you know it’s time to upgrade to ERP accounting software from off-the-shelf accounting packages? Many small businesses rely on standard small business accounting software to handle their daily accounting needs. However, there comes a point where companies may outgrow their software. If you’re using QuickBooks, Freshbooks, or another accounting package, or still using […]

Financial software can be used to generate the numbers that tell a story—a powerful story—the story of your company, industry, products, and future. It leverages data from your ERP to build powerful stories that help all stakeholders understand key message points. The Story Arc: Beginnings, Middles, and Ends All stories follow a simple story arc. […]

The new, modern financial management systems are one of the driving forces behind the rise of what’s been dubbed the digital CFO. These systems (mostly ERP systems) offer unprecedented data collection and analysis. Powerful integration capacities make this an even bigger project than at first glance, demanding inputs from finance, accounting, marketing, sales, and operations. […]

Home healthcare agency cash flow issues abound. In fact, according to the American Bankruptcy Institute, a nonprofit membership organization of over 12,000 bankruptcy professionals in the United States, the challenges facing healthcare agency cash flow make it particularly susceptible to cash flow problems. Unpredictable payment schedules, a labyrinth of government regulations and billing codes, and […]

Expense management software can improve many aspects of how your company tracks and reimburses employee expenses. If your company currently requires physical receipts and the accounting department manually tracks and reconciles them, learn more about how expense management software integrated with cloud ERP can improve efficiency throughout your company. Manual Processes Are Prone to Error […]

Acumatica Expense Management offers businesses a powerful tool to take control over their finances. It offers time-saving tools and added visibility into many aspects of your business. The True Cost of Manual Expense Report Processing Have you ever thought of what it costs to manually process expense reports? Probably not, but the Aberdeen Group did. […]

The right financial systems can help your company build “business resilience.” What comes to mind when you hear the term resilience? If you’ve ever walked through a forest and spotted a downed tree, you know the forces of nature can be quite powerful. They can snap a mighty oak in half. But from one half […]

Financial management during times of uncertainty calls for a back-to-basics approach. Although it’s tempting to completely batten down the hatches (financially speaking) when recession looms, a more prudent course of action is to return to the basics of sound financial management. The Four-Step Financial Management Approach The following four-step approach to financial management will help […]