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A Clear-cut Approach to Collections Is Essential for Profitability
In 2002, US suppliers wrote off more than $18 billion (USD) in bad checks. And the bankruptcy picture has certainly not improved since then. Companies that act

goods received notes  work already completed or goods already shipped. Accounts receivables show what customers owe the company and how much. An accounts receivable ageing report lists all unpaid invoices and the dates on which payment is due. Usually, these reports are divided into several columns. The fi rst is for invoices that are still current - i.e., payment is not yet due. Subsequent columns are for overdue payments, characteristically divided into units of 10 days or 30 days - or whatever makes sense for the business. Read More...
Financial Packages
Financial packages encompass modules for bookkeeping and making sure that accounts are paid or received on time.
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Documents related to » goods received notes


Are Spend Management (or SRM) Apps Suited for the Mid-market? - Part 3
Part 1 of this blog series introduced some common supply chain challenges and resulting spend management opportunities for companies of all sizes. The article

goods received notes  not a commitment, but goods received but not yet invoiced are commitments.  For others, perhaps only invoices are the first establishment of a commitment. A raft of the budget control settings allow companies to specify what requisitioners are allowed to see in budget numbers. For their part, budget override authorities by title, similar to spending limits, determine “how high” in the hierarchy one has to route a requisition for approval based on how much a budget has been exceeded. My intention in p Read More...
State of the MES Software Marketplace
Despite predictions that it would be subsumed by enterprise resource planning (ERP) vendors encroaching from above and automation vendors encroaching from below

goods received notes  points out how the goods received notes (GRNs) in SYSPRO’s Purchase Orders module improved their processes: The use of goods received notes has almost eliminated the unmatched invoices file, and simplified the payment process to such an extent that we grew by 500% without requiring additional A/P personnel. Key Benefits With 3,500 – 4,000 active stock items, SYSPRO’s cycle count function initially saved hundreds of year-end hours on ODG’s inventory counts and provided them with a systematic proc Read More...
Nonprofits and Public Sector: The Latest Hot Market
Many recent circumstances have rendered the nonprofit and public sector accounting markets a land of both opportunity and challenges.

goods received notes  overspending. But when the goods or services are received and the invoice is approved, the actual amount of the invoice is expensed in the general ledger and the amount that was not needed is relieved of the encumbrance, and so the budget has now a somewhat increased amount available for further encumbrances. Therefore, it was only natural to expect MBS's next move to address the nonprofit segment inferiority, which solution turned out to be Encore, and look for more chess-like moves from the top small-to Read More...
Reflections on Lean Philosophy and the Theory of Constraints
The theory of constraints (TOC) is similar to, yet different from, the lean philosophy. TOC focuses on optimizing production through critical bottlenecks in

goods received notes  materials, work-in-process (WIP), finished goods, and scrap. The crucial point, however, is that, according to TOC, inventory is a liability and certainly not an asset. This is consistent with lean manufacturing's focus on eliminating waste. Finally, TOC's definition of operating expenses encompasses all the money the system spends to turn inventory into throughput, such as all employee time, depreciation, etc. Therefore, TOC focuses on increasing throughput, while reducing inventory and lowering operatin Read More...
E-invoicing: Ready for Prime Time
Of the 30 billion invoices sent and received in Europe every year, more than 90% are in paper format. This is not only labour intensive and error prone, but

goods received notes  invoicing: Ready for Prime Time Of the 30 billion invoices sent and received in Europe every year, more than 90% are in paper format. This is not only labour intensive and error prone, but comes at both a financial and environmental cost. Such manual operations slow invoice reconciliation, leading to poor relationships with suppliers and buyers and, potentially, poor cash flow management. This paper discusses the challenges posed by inefficient manual invoice processes, the need for e-invoicing, and how Read More...
Migrating Lotus Notes Applications to SharePoint and .Net
Due to the increasing popularity of the Microsoft messaging and collaboration environment, companies are looking into migrating their messaging and application

goods received notes   Read More...
Epicor Eagle’s Soaring Retail Excitement
It appears that Epicor Software Corp. now has two retail product lines, starting with the better known Epicor Retail product suite for soft-goods retailers (the

goods received notes  Retail product suite for soft-goods retailers (the former CRS and NSB offerings) , which competes with SAP, Oracle, JDA Software , and other leading retail software providers. The other is Epicor Eagle , a product suite for hard-goods specialty retailers (a former Activant offering). Current Epicor Eagle–specific competitors are Celerant Technology, CounterPoint by Radiant Systems, Paladin Data Corp., ECi Software Solutions , and NCR ’s point-of-sale (POS) offerings. Epicor recently announced that Cu Read More...
Trade Promotion: Taming the Bear
Survey says: trade promotion spending is up, but the majority of consumer package goods (CPG) companies aren’t spending wisely. Reuse of same old seasonal

goods received notes  majority of consumer package goods (CPG) companies aren’t spending wisely. Reuse of same old seasonal promotions, supply not meeting demand, and invoice errors also contribute to a decreased return on investment (ROI). Trade promotion management (TPM) can provide visibility into the life cycle of each promotion—so you can provide better service to your customers. Read More...
Managing Global Trade Flows
In global trade, the flow of information must support the tracking and management of the goods to enable the secure and compliant entry and exit to and from

goods received notes  and management of the goods to enable the secure and compliant entry and exit to and from countries for the correct funds to flow to eligible business and trading partners. Part Three of the Will 2005 Validate the Realm of GTM—Unifying Financial and Physical Supply Chains series. Regarding the flow of goods , it is important to manage the processes around areas such as the original order and contract, product information, trade compliance, shipment tracking, and landed costs. For example Order managemen Read More...
Don't Sweat Assets-Liberate Them!
Most organisations are sitting on IT equipment that is not supporting the business optimally, yet the received wisdom is to sweat the assets to gain as much

goods received notes  t Sweat Assets-Liberate Them! Most organisations are sitting on IT equipment that is not supporting the business optimally, yet the received wisdom is to sweat the assets to gain as much perceived lifetime value from them as possible. However, IT assets have inherent value which can change significantly through each asset’s lifecycle—whether this is through its hard resale value or just through its scrap value. By applying a full IT lifecycle management (ITLM) approach to the complete IT platform, a Read More...
Don't Be Overwhelmed by Big Data
Big Data. The consumer packaged goods (CPG) industry is abuzz with those two words. And while it’s understandable that the CPG world is excited by the prospect

goods received notes  Data. The consumer packaged goods (CPG) industry is abuzz with those two words. And while it’s understandable that the CPG world is excited by the prospect of more data that can be used to better understand the who, what, why, and when of consumer purchasing behavior, it’s critical CPG organizations pause and ask themselves, “Are we providing retail and executive team members with “quality” data, and is the data getting to the right people at the right time? Big Data can be a Big Deal - read Read More...
Total Cost of Goods Shipped: A Guide to Better Sourcing Decisions
To increase profits, companies are searching for ways to reduce costs or sell more at the highest possible price. Many companies are turning to imported goods

goods received notes  Cost of Goods Shipped: A Guide to Better Sourcing Decisions To increase profits, companies are searching for ways to reduce costs or sell more at the highest possible price. Many companies are turning to imported goods and materials due to lower manufacturing costs, but this can involve many hidden costs. In this paper, PM War Stories and Pronto Software examines how to effectively track the total cost of goods shipped to aid executives in making faster, better sourcing decisions. Read More...
Eclipse (by Epicor)
Eclipse, a real-time software solution, fully automates all facets of a hard goods distributor’s single- or multi-branch operation. Eclipse lets users

goods received notes  facets of a hard goods distributor’s single- or multi-branch operation. Eclipse lets users automate their counter, showroom and inside sales, inventory management and forecasting, purchasing, accounting, warehousing, order fulfillment, transportation, credit, pricing, and branch management functions.Eclipse’s software architecture, built on a relational database, runs on Windows NT, Linux, and Unix platforms. Eclipse includes the following tools and technologies: real-time, time-lined accounting; Read More...
Four Key Questions: Ensuring Continual IT Innovation at CPG Companies
For many consumer packaged goods (CPG) companies, the environment is too complex to implement a new business process without upgrading the IT systems that

goods received notes  For many consumer packaged goods (CPG) companies, the environment is too complex to implement a new business process without upgrading the IT systems that support that process. Taking a consumer approach to upgrading can help. You need to seek out solutions that fit your CPG environment, can keep up with continual innovation, and more. But you always need to be thinking ahead. Learn more about developing an IT roadmap. Read More...

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