Many companies struggle to generate timely, accurate financial statements. Pressure from senior leaders and investors to get them done quickly is at odds with accounting's responsibility to ensure they're correct. Managing the tension between these two competing priorities is difficult enough when you're only dealing with one company. It's exponentially harder if you need to consolidate results from several different business units to produce a single set of reports.

In the U.S., for instance, publicly-traded companies are required to consolidate results from any business they have more than a 50% stake in, as well as any business they own a smaller share of, but exert "significant influence" over. The same applies to private companies that follow U.S. GAAP. Similar rules apply in other countries as well. Read More

Consumers expect orders to be delivered quickly and accurately and won’t settle for less. Last year, ecommerce sales increased 44% and, as a result, warehouses and fulfillment centers are now under greater pressure to deliver more orders, in less time, without increased budget. Today’s consumer has many choices, and they have high expectations. They also want more flexible delivery options.

But if you’re relying on manual processes you won’t have the flexibility to provide alternative fulfillment options, such as curbside pickup or drop shipping. Not to mention scaling to fulfill 40% more orders to meet this increased demand. Manually processing orders is complex, time consuming and leads to increased fulfillment costs. To see what some of the most fundamental challenges businesses face when processing orders manually, please Read More.

Recently, we’ve experienced higher volumes of customers being hit by ransomware and phishing scams.

We wanted to recap on an event that happened recently with one of our customers that were hit by ransomware.

Whether you own a startup, manage an established small business, or run a midsized company that’s in growth mode, your financial and accounting software serves as the cornerstone for your operation. In absence of good financial controls, accounting processes, and oversight, a small to midsized operation can quickly find itself struggling to stay afloat. The market is replete with software options—all meant to make life easier for business owners, managers, and accounting departments—but not all of these solutions are the right fit for every enterprise. In this white paper, we compare NetSuite Cloud ERP with Sage 100c and QuickBooks Enterprise, and help you make the best choice for your company’s current and future needs.

Download White Paper PDF

Physical inventory counts are never any fun for those involved.

Physical counts, typically done annually, require every item of inventory to be manually counted and — particularly for those relying on paper and pencil, or even spreadsheets — this can be a very manual, time-consuming and error-prone process.

While there are ways to ease the pain of the physical count process, most product companies will have all hands on deck for the physical inventory count. If resources are tied up in counting, they are not doing their usual jobs, which can ultimately result in lost sales or lost opportunities.

It can be a significant burden.

Inuit will be making updates to QuickBooks Online Payments that will allow for faster deposit speeds. These changes will be updated in QuickBooks Online effective April 12, 2021. This will allow QBO users to receive ACH payments next business day. QBO customers will be charged a 1% transaction fee (max $10 per transaction). Intuit will be removing the option for 2 and 5 day ACH transfers.

Good password hygiene is one of the easiest ways for businesses and consumers to protect their accounts from the millions of attacks threatening personal data every day. Unfortunately, many people continue to use and reuse the same simple, easily-guessable passwords that have plagued accounts practically since the inception of digital login credentials.

Forrester Research recently reported that popular websites are ignoring ‘Do Not Track’ (DNT) settings.
https://gizmodo.com/do-not-track-the-privacy-tool-used-by-millions-of-peop-1828868324

With DNT settings, you can request  ‘Do Not Track’. However, there is no enforcement. DNT settings do not protect from advertisers (and others) seeing which websites you visit.

Here is what you can do, to protect your privacy when searching the internet