When evaluating a potentially new asset, a finance officer looks at the value the asset brings to the company. You might calculate the item’s return on investment based on documentable costs and revenue streams – what is the life of the asset? What amount of revenue will it direct return? How is it to be depreciated, and what […]
Today, we are witnessing a shift in how businesses manage inventory. While departments used to focus solely on their own responsibilities, now it takes a cross-functional team effort to coordinate the movement of goods. Previously, only the purchasing agent spoke with suppliers about product requirements and specifications. Now, engineers reach out directly. The accounting departments […]
Tools for Transferring QuickBooks Inventory Data By Tim Grant, Inventory & Manufacturing Software Consultant for QuickBooks Users The concept of moving data seems so simple – I want to move my data from one software program to another. But the reality is a lot more complicated. When transferring QuickBooks inventory data (either into or out […]
It has amazed me over the years how ‘creative’ clients can get using QuickBooks inventory. Be it for urgency, ignorance or out of frustration, clients will usually take shortcuts or unknowingly perform a process that ultimately undermines what they are trying to accomplish. To educate the readers here, and ultimately, the end-users, I’m including here […]
Manufacturers Continued to Add Production and Facility Improvements in 2013 Sector Produces $1.9 Trillion Annually, or 12% of GDP Manufacturers are still bullish on the economy, and plan to increase production capacity, at least according to a recent industry survey.[1] Nearly 83%percent of companies reporting planned to increase manufacturing capacity, and two-thirds of respondents are […]
Three things that drive me nuts about the QuickBooks Enterprise Manufacturing & Wholesale Edition People tell me I’m a pretty mellow guy. I’m usually pretty calm. I’m not quite Mr. Rodgers, but it takes a lot to get me riled. However, since we deal with a lot of inventory-based customers using QBES, it’s what is […]
The Inventory Cycle in QuickBooks The navigation pane on the QuickBooks home page directs the user to follow the workflow process of simple purchasing and sales transactions. It has helped many ‘beginners’ to understand what follows after the purchase order, or estimate, etcetera. However, inventory users get lost because there isn’t a workflow guide to […]
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