Best Cloud Accounting Software

Does Your IT Services Company Understand How Your ACCPAC Software Works

Does Your IT Services Company Understand How Your ACCPAC Software Works 1280 x 780

Does Your IT Services Company Understand How Your ACCPAC Software Works

ACCPAC software is properly integrated and streamlined to suit the particular needs of your company or organization

Does your IT services company really understand all the customized features which you can find using this powerful tool? Is you company getting the most effective use from this vital software?

ACCPAC provides many vital tools that can be adapted in a variety of custom templates including:

  • Accounting and Finance
  • Sales and Customer Management
  • HR and Payroll
  • Business Intelligence and Reporting
  • Purchasing and Supplier Management
  • Inventory Management and Warehousing

ERP or Enterprise Resource Planning is a vital process for any company that is growing and expanding their markets and customer base.

It is equally crucial that your IT services company understands all the features of ACCPAC software so that the software is properly integrated and streamlined to suit the particular needs of your company or organization. Every company is unique. The service provided or the product line each company uses will vary from industry to industry, and your IT services company must also understand all the nuances and ways to effectively customize this software to tailor fit your company.

ACCPAC accounting software integrates all your needs in one package to achieve your goal oriented solution.

Your IT services company must understand and be able to understand how ACCPAC can best applied to your company with the following aspects:

  • Panning out your objectives
  • Installing and Implementing the right ACCPAC solution
  • Provide training to all applicable employees
  • Customize the product to suit your special needs
  • Provide the most beneficial reporting system to fully examine your business analysis and forecasts
  • Provide day-to-day support for macro management
  • Provide the most appropriate ecommerce solutions

If your company isn’t getting the most out of this incredibly valuable accounting software because your IT services company just isn’t up to snuff then it might be the right time to move to a company that fully understands the comprehensive nuances of ACCPAC software.

Source : computerhelpnj

For free demo please visit www.singaporeaccountingsoftware.com

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Revenue Recognition Software

Revenue Recognition Software

Revenue Recognition Software Helps Tech Vendors Meet Accounting Rules

Software Vendors that are gradually shifting from on-premises to Cloud Deployment

Today, in the decade of cloud computing, it is significantly different. You have a subscription model and customers might move up and down in the subscription. You have an unpredictable fluctuation of your subscriptions and therefore of your business.

Revenue recognition issues also affect more traditional industries that have fluctuating revenues, such as utilities, especially private ones that provide energy from renewable sources, like solar and wind, and aren’t price-regulated monopolies. Given FASB’s stated intention to unify industry-specific rules into a single revenue recognition standard, and to merge that with the standards its global counterpart, the International Accounting Standards Board (IASB), promotes, most companies will soon fall under its purview, say software vendors and users familiar with the process.

While compliance issues are driving initial demand for revenue recognition software, companies can get additional benefits in the areas of financial planning and forecasting. Software vendors that are gradually shifting from on-premises to cloud deployment are a prime example. “They know that if they shift over 10% of their customers into cloud subscriptions, they have a dip in the balance sheet, because the revenue gets shifted into a deferred model”.Without the more nuanced view that revenue recognition software allows, financial analysts might believe something is wrong and undervalue future opportunities to increase market share, for example. Good revenue recognition software can therefore be a change-management tool to transform traditional independent software vendors (ISVs) from the perpetual license business to the cloud business.

Revenue recognition software could also boost companies’ profitability, according to reports published around the time of the FASB changes. Generally Accepted Accounting Principles guidelines overseen by FASB, companies had to estimate a fair value for each element — evidence of which could be hard to find. They would often wait for all the pieces to be delivered before counting any revenue on their books. Under the new rules that Apple and 33 other respondents argued for, companies can allocate the revenue based on certain percentages. In many cases, that means being able to report and use revenue much earlier than before.

Source : www.searchfinancialapplications.techtarget.com

For free demo please visit www.singaporeaccountingsoftware.com

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