Manufacturers are no different from any other type of business. They need to manage their cash flow properly if they are going to keep the company afloat. The global pandemic has only added to the stresses that owners and managers have faced recently. They are competing against other manufacturers at home and worldwide and the cost of raw materials is continuing to increase, making it more challenging to keep costs under control. Customers continue to expect high-quality products at a reasonable price. Manufacturing accounting must be a priority if the goal is to control costs and boost cash flow.
Business Automation and Software Blog
It’s almost hard to believe that 2020 is coming to a close. But Finance and Accounting professionals are already looking toward to the end of the year. For some, preparing for year-end close won’t start until the end of December. But that can involve a mad dash to review data stored in accounting software, contacting vendors to verify information, and then closing the books.
One of the best ways to ensure your small business’ success is through well-managed finances. For many small businesses, financial success is balanced on a fine line between accounts receivable and accounts payable. While a delicate balance to maintain, businesses could practice it and be largely successful—at least, until 2020.
Topics: accounting software
As we close in on April 15, taxes are high on most peoples’ minds, but businesses have been thinking about sales taxes—and how they’ll be affected—for a long time.
As you might recall, 2018 was the year the Supreme Court of the United States overruled the physical presence rule that for decades kept states from taxing remote sales. The court’s decision in South Dakota v. Wayfair, Inc. (June 21, 2018) allows states to now require a remote seller with “economic and virtual contacts” in the state (economic nexus) to collect and remit sales tax, even if it has no physical presence in the state.
What is good financial leadership? A recent survey of 1,500 financial executives revealed that only 11.5 percent actually qualified as leaders, despite being in a unique position to lead. What does it take to be known as a good financial leader? Is it finding the right business systems or accounting software for your company? Or is it being a go-getter, a decision-maker, and a resource-finder for your teams?
Many accounting software packages do not cover fixed assets even though most businesses invest a significant amount of money into their fixed assets. Not managing them correctly can result in penalties and losses. Managing fixed assets correctly takes time, however. With Sage Fixed Asset Software (Sage FAS), you can manage your fixed assets easily with minimal time spent on tasks related to tracking assets.
Do you use Excel for your business reporting needs? Many businesses use Excel accounting software, and we receive many questions regarding its proper use. If you – like us – have ever questioned how to perform a certain function in Excel, you’ve come to the write place. Periodically we will highlight Excel tips and tricks (like the Excel tip found in this article) to help you get the most out of your accounting software solution.
5 Reasons to virtualize your server before the March 2014 retirement date:
- No licensing keys or unlock codes for PFW will be available
- Should your system fail, the ability to restore the software will be gone
- Should you need to replace hardware, PFW will not be able to be reinstalled
- If upgrading to a new server, license codes needed to run the PFW software will not be available
- The licensing keys or unlock codes are not reusable or transferable to a new server
PositiveVision is prepared to help you find the right option for your company. If you have any further questions regarding the PFW retirement, please contact PositiveVision at 800-559-1323 or submit an online request and we will give you a call.