Fixed asset accounting can be one of the more difficult items to figure out in the accounting world. It deals with not only the value of a product, but also with the value of that product’s services as well. A fixed asset is any business asset that exists solely for the use of commercial production. For example, if you run a floor cleaning business, a cleaner that you lend out to customers to use at home would be known as a fixed asset.
While that may sound a bit confusing at first, it doesn’t have to be. The proper software can crunch all the numbers and give you all of the data you need with little effort from you.
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Topics:
Sage,
fixed assets,
fixed asset accounting,
john shepperson,
oates co,
sage fixed assets
There were no mobile phones with data plans just a few years ago. Now mobile phones have more computing power than the technology that sent the first rocket into space. Wi-Fi hotspots, unlimited data plans, and phone networks with increasingly large areas of coverage make data not only easy to access, but easy to use. Some of the old mobile phones allowed you to view certain online pages, like Yahoo! Sports, but there was no way to interact with the internet like we see now. Employees can receive and send emails. Salespeople can place orders. Warehouse workers can control inventory. Purchasers can track stock levels. Managers can track employees. Customers can track their packages.
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Topics:
ERP,
oates,
customer relationship management,
technology,
data,
enterprise resource planning,
software,
cloud services,
crm,
john shepperson,
customize,
forecasting,
dashboards
Incremental improvements in your container tracking can lead to enhancement in your organization's supply chain clarity and control, which ultimately means being a more competitive company with a higher profit yield. Building your company into a more nimble and profitable juggernaut is possible with the right tools and their thorough implementation.
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Topics:
supplies,
supply chain,
inventory,
john shepperson,
oates co,
container tracking,
control,
clarity,
competitiveness
Keeping abreast of the latest state and federal regulations requires diligence and hard work for businesspeople. Too frequently, businesses find themselves spending excessive time and money on the never-ending task of remaining in compliance. Companies who adopt Sage ERP X3 software, however, discover that this software makes compliance an easy task.
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Topics:
ERP,
sage erp x3,
compliance,
enterprise resource planning,
john shepperson,
oates co,
regulatory compliance,
federal regulations,
regulations,
state regulations
Modern enterprise resource planning (ERP) software systems offer much more than a generic solution to the problems of large-scale resource management. Companies in a number of industries can now choose an ERP system that has been tailored to the unique problems of their market. Process manufacturing companies are among the businesses reaping the benefits modern ERP software. Process manufacturing software can solve a number of problems that are unique to this industry and can help any company improve their most important practices.
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Topics:
ERP,
enterprise resource planning,
john shepperson,
modules,
oates co,
cost tracking,
quality control,
regulatory compliance,
process manufacturing,
reporting
As they say, time is money. But the adage leaves out raw materials, labor, and wear and tear on your company’s assets. By the time a manufactured product has come off the line, it has incurred a variety of costs that are frequently kept track of using disparate software systems. When inventory systems, enterprise resource planning (ERP) systems, and job costing systems are all disconnected from each other, it can be a hassle calculating the true cost of a product.
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Topics:
ERP,
Sage,
jobops,
job costing,
enterprise resource planning,
john shepperson,
oates co,
total cost,
cost tracking
Let’s talk about YOU. Oates & Company is in business because we want to know what you do, why you do it, and how we can help you do it better.
We call our consultations “discovery sessions” because they’re a journey we take with our clients to learn about them – and maybe help them learn a little bit about themselves.
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Topics:
Sage,
sage erp x3,
enterprise resource planning,
Sage 100 ERP,
john shepperson,
oates co,
frx,
master developer,
discovery session,
crystal reports
At first glance, keeping track of the value of your company's fixed assets looks like a simple task. Dig a little deeper, however, over a longer period of time, and you will notice how much your fixed asset values fluctuate. There are a host of factors that contribute to this fluctuation, and you’ll see that sometimes they’re a bit arbitrary – no two categories of assets depreciates at the same rate and even assets in the same categories can depreciate at different rates.
To simplify th
e process of fixed asset valuation, many managers think about assets as having a life cycle, much like that of a frog or a fish. Just like animals have unique life cycles that are shaped by their environments, assets have unique patterns of value and depreciation that are also shaped by their environments.
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Topics:
Sage,
depreciation calculations,
fixed assets,
sage fas,
john shepperson,
oates co,
life cycle,
asset valuation
If you feel that you don’t have the time or resources for in-depth surveys with numerous questions, you could use the Net Promoter Score (NPS) instead.
The NPS is based on the idea that the answer to a single question will give you all the information you need to determine how satisfied your customer are.
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Topics:
john shepperson,
oates co,
detractor,
nps,
promoter,
customer satisfaction,
survey,
net promoter score,
passive,
loyalty
