Enterprise Resource Planning (ERP) is a type of software that connects day-to-day business processes, including : inventory and order management, supply chain, accounting, human resources, procurement, and customer relationship management.
An ERP system allows you to store data about your daily business tasks in one central location. It provides essential insights into your company, including areas for improvement, and ensures you comply with financial regulations. Access to real-time data will streamline daily operations and make it easier to run your business. You can efficiently collaborate across all departments at the same time.
As a process manufacturer, how can you reinvent your firm? Fuelled by digital transformation and Industry 4.0, manufacturers are overhauling their processes across product innovation and through the supply chain with traceability. The shift from products to services and the need to bypass traditional sales channels to exploit the value-added activities of the digital economy are […]
It’s hardly news that cash flow is a key issue for small business owners. According to a recent report from Ernst & Young, it is often cited as a top concern by Canadian mid-market businesses. If you’re just starting out, you know that every cent matters – and have probably been inundated with enough advice […]
In our introduction to bookkeeping basics we’ve already examined what a balance sheet is. In this article we dig down a little to see what measures can be drawn from it. Often these are called Key Performance Indicators (KPIs), because they let you gain insight into the parts of your business finances that really matter. […]
Managing money and cash flow are critical for small firms. Get the basics right with our free guide and you’ll be in a strong position.
How artificial intelligence will affect SMBs and accountants in the near future. Download our free guide about Artificial intelligence in 2019.
Learn how to calculate the three types of tax that small business owners must know in Canada - Goods and services tax, provincial tax and Quebec sales tax.
While the perfect client does indeed exist, most accountants wisely anticipate some complications when serving the needs of any business. Whether that’s poor communication, or a general inability of the client to understand accounting principles, accountants are always prepared to share their wisdom. However, many accountants dread what we might call the traditional client. They […]
Accountants can say goodbye to hourly billing when you charge what clients are willing to pay. Learn how to implement a value-based pricing strategy.
