For the last few months we at KTL Solutions (me in particular) have been promoting our upcoming “Empower the User Conference” a free one-day educational event for Microsoft Dynamics GP, SL, and CRM users. And while it is a great educational event that you have learned about through a number of emails, landing pages, and tweets from KTL there are other benefits to attending this event:
As accountants the end of the year accounting is a big deal. There are a lot of factors that go into the prep to make sure that everything gets accounted for prior to closing the books for a year. The most important step to being audit ready is to be prepared. Typically the documentation requirements for audits do not change year on year so you can use your documentation from the prior year as a guideline to get started. Here are some steps that you can take to verify that you are ready to close your year as well as prepared for auditors to come in and evaluate your books.
On any complex ERP project the risk is not if you will encounter conflict but when you will encounter it. Conflict on a project is imminent and if handled and facilitated correctly can lead to the surfacing of new ideas for the issues on hand. Therefore, some conflict can lead to actually improving your project delivery.
Some major contentious issues that lead to conflict on an ERP project are:
I myself had no idea what cloud could do or even what cloud service means. Here is what I learned; cloud service is a manner of using the internet to save, manage and process data. For example, Amazon and IBM already take advantage of cloud services to manage and secure their company files. But don’t be fooled, small businesses can use and benefit from a cloud computing system. How? A cloud service can save time, resource as well as provide flexibility and security for any business size.
Nexus —the connection between a company and taxing jurisdictions that triggers a sales tax liability—gets thornier the faster your company grows. Surprisingly, more revenue can mean more complexity and potentially greater risk of sales tax audit (more money, more problems?).
Here are 5 areas of sales tax risk relating to business growth and what you can do to address them:
Because your organization’s ERP system is a powerful tool for increasing value and growing profits, it is vital to periodically look at whether it measures up to what you expect. Answering the following questions is a useful way to begin.
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