Accounting Software Tiers How Much Software Do I Need? For Accounting Software Tiers head to the pricing page for any popular business software, including our own online accounting software, and…
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Learning the 5 E-commerce Terms Barring the rare exception, almost every business in the retail space is going to have an e-commerce presence. In fact, many of today’s most admired…
Why Inventory Management Matters Inventory is the lifeblood of any products-based business. It’s the top capital expense, the vehicle for profits, and the very reason customers interact with a company…
Small Business Owners Need Accounting Software The amount of software solutions available to small business owners is enough to make anyone’s head spin. From all-encompassing services that purport to do…
Proactive Inventory Planning The most basic function of inventory management is being able to accurately track goods on hand. In a multi-channel retailing environment, that task alone can be daunting….
Every business that deals with inventory must account for variance between their stock ledger and actual on-hand inventory. According to the National Retail Security Survey, the average retailer loses about 1.38 percent of their inventory to shrink, a loss that totals about $50.6 annually.
According to an oft-cited U.S. Bank study, a whopping 82 percent of small businesses that fail have cash flow management issues. If you work in the retail or wholesale space, those cash flow management issues almost always involve problems with inventory.
In his 1984 book The Goal, Eliyahu M. Goldratt introduces a management concept called the theory of constraints (TOC). TOC was first developed within the framework of manufacturing but has since been applied to all types of businesses.
You can now enter customers/vendors against P&L accounts in the Journal Entry. We also fixed a calculation error that occurred under certain circumstances within Cash Receipts and Bill Payments.
With the Salesperson feature, sales may be tracked by individual Salespersons. The Sales by Salesperson reports will list sales by a given salesperson (or persons) for a given timeframe.
