3 Key Indicators to Take Away from Your Cash Flow Statement

Posted by Gerry Poe


Understanding your cash flows is critical in running a business, just as understanding your training log is critical for backpacking. As a hiker, I know the miles that I need to achieve each weekend and how often I need to hike in preparation for my next successful backpacking trip.

As a business owner, do you know how much cash you need to run your business or how much cash you need to prepare for your next successful year?

The cash flow statement is a very powerful tool in determining financial stability of your business and to determine future needs. It also compliments the income statement by reconciling your net income to your net cash.



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Tags: Accounting, Enterprise Software, Financial Reporting

Accounting and Finance Reporting – The Balance Sheet Primer

Posted by Gerry Poe


Definition: Balance Sheet
A summary of a company's financial condition at a specific point in time, including assets, liabilities and net worth. The first part of a balance sheet shows all the productive assets a company owns, and the second part shows all the financing methods (such as liabilities and shareholders' equity).



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Tags: Accounting, Enterprise Software, Analytics, Financial Reporting, Finance

Accounts Payable, Purchase Order, ERP Software Solution

Posted by Gerry Poe



Question:
Without receiving purchase orders and creating receivers to match, what is the best way to record "prepayments" for purchase orders to suppliers?


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Tags: ERP Software, Accounting, Accounts Payable, SYSPRO

ERP Tips and Tricks Lean Efficient General Ledger

Posted by Gerry Poe



One more reason to upgrade to SYSPRO 6.1: Fewer touch-points for GL transactions.
AR Cash Receipts:
Let’s take a case in point: Pre-6.1 AR Cash Receipts in Figure 1. –



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Tags: ERP, Lean, Accounting, General Ledger

SYSPRO 6.1 Cashflow Forecasting

Posted by Gerry Poe


Business Perspective:  SYSPRO Cashflow Forecasting enables multiple on-line cash flow models with accurate real-time cashflow requirements projections from a variety of inflow and outflow data.



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Tags: Accounting, Cashflow, Forecasting

Budget Maestro for SYSPRO ERP - Three Reasons to Switch Off Excel

Posted by Gerry Poe


As you are budgeting this year, consider Budget Maestro for SYSPRO ERP.  There are three reasons to switch off Excel this year for budget management. 



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Tags: ERP, ERP Software, Accounting, Enterprise Success, Enterprise Software Planning, Business Software, SYSPRO

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