Accounting Trends

The Problem With Spreadsheets, Part 4: Tracking Budgets

It’s one thing to have a budget for your department or a customer project, but it’s another thing to actually follow it. Of course, you need to hit certain financial goals and deliver a product according to what you quoted, but how well can you follow a budget using a spreadsheet? Not very well indeed.…

Read More

The Problem With Spreadsheets, Part 3: Finding Meaning

Spreadsheets can be handy for collecting little bits of data and turning data into colorful charts. However, even with dozens of spreadsheets and charts, it could take hours or days before you can find an accurate depiction of your financial health. You can squeeze a lot of data into the neatly organized rows and columns…

Read More

The Problem With Spreadsheets, Part 2: Where Did We Go Wrong?

It’s easy to dot the “i” and cross the “t”, but not always as easy to remember to carry the one when working on a mathematical formula in spreadsheets. You often don’t see the formulas when scanning through pages and pages of financial figures. Then, as cells are connected to other cells on additional spreadsheets,…

Read More

The Problem With Spreadsheets, Part 1: Basic Math

You would be hard-pressed to find an office that doesn’t use spreadsheets to collect and share important data. In this 4-part blog series, we explore several of the biggest problems with relying on spreadsheets, starting with the problem of basic math. According to an article posted on MSN Money, 88% of spreadsheets have errors in…

Read More

Aren’t Collections a Pain in the Neck?

In an ideal world, we wouldn’t have to make phone call after phone call to collect payments for services rendered.  Collections can be an expensive part of running a business.  The longer they are outstanding, the more it hurts our finances and cash flow.  Switching up the accounting processes may help close the cycle and…

Read More

Growing at Warp Speed

Your business is really taking off and you have customer orders coming in faster than your team can handle them.  What a great problem to have, until things start falling through the cracks.  If orders aren’t entered quickly, then deliveries will be delayed.  If accounting doesn’t get invoices out, you won’t get paid.  Business growth…

Read More

Untangle Your Hairball of Data

Many years ago, there used to be only a few, very expensive choices for comprehensive enterprise resource planning (ERP) business management software.  Most businesses couldn’t afford to implement these pioneering applications, nor did they have the time for the often lengthy deployment and training phase.  As a result, specialty software programs became popular, which created…

Read More

How to Become a Sales Tax Rock Star

How many of the following terms can you define? Amazon Laws Streamlined Sales Tax (SST) Marketplace Fairness Act of 2013 (MFA) Click-through Nexus Affiliate Nexus Consumer Use Notification If you can define all six, congratulations! You’re a sales tax rock star! For the rest of you, download The End of Nexus & Other Sales Tax…

Read More