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Wednesday, December 21, 2016/Author: Anthony Etzel/Number of views (1905)/Comments (0)/ Article rating: No rating
Categories: BPCS & ERPLX Tips
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Wednesday, December 21, 2016/Author: Kathy Barthelt/Number of views (1854)/Comments (0)/ Article rating: No rating
Categories: Baan & ERP LN Tips
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BPCS/LX Tip of the Week: Manufacturing Year End Close

Here is an article I came across from Accolade Publications with some tips regarding Manufacturing Year End Close: 

Manufacturing Year End Tips


Optimize Your Manufacturing Today!

Tuesday, December 13, 2016/Author: Anthony Etzel/Number of views (2163)/Comments (0)/ Article rating: No rating
Categories: BPCS & ERPLX Tips
Tags:

Baan/LN Tip of the Week: Manufacturing Year End Close

Here is an article I came across from Accolade Publications with some tips regarding Manufacturing Year End Close: 

Manufacturing Year End Tips


Optimize Your Manufacturing Today!

Tuesday, December 13, 2016/Author: Kathy Barthelt/Number of views (2431)/Comments (0)/ Article rating: No rating
Categories: Baan & ERP LN Tips
Tags:

BPCS/LX Tip of the Week: Financial Year End – Have you done all you need to do?

I'm reposting this checklist for things to consider in order to finish out the current year, and plan for next year…

  • Are your accounting records up to date so you can make a projection of how the current year will turn out?
  • Are all account reconciliations up to date to facilitate the closing of the books after year end?
  • Are there accounts receivable that should be reserved for or written off prior to the end of the year?
  • If your business carries inventory, do you need to plan a physical count as of the end of the year?
  • Has depreciation on your fixed assets been recorded during the year? Have you considered depreciation on current year additions?
  • Have all new asset purchases and bank loans been recorded on your books?
  • Are there any liabilities, for example, pending legal actions or warranty issues, which will need to be recorded prior to year end? 
  • Do you have a plan in place to properly “cut-off” revenue at year-end to properly match revenue and expense?
  • Will there be bonuses, profit sharing contributions or discretionary retirement plan contributions paid prior to the end of the year? How will these payments affect cash flow?
  • Will you be in compliance with your bank covenants at year end?
  • Do you need to make arrangements to receive statements as of the end of the year for cash value of life insurance, loan balances, etc.?

Optimize Your Manufacturing Today!

Tuesday, December 06, 2016/Author: Anthony Etzel/Number of views (2871)/Comments (0)/ Article rating: No rating
Categories: BPCS & ERPLX Tips
Tags:

Baan/LN Tip of the Week: Financial Year End – Have you done all you need to do?

I'm reposting this checklist for things to consider in order to finish out the current year, and plan for next year…

  • Are your accounting records up to date so you can make a projection of how the current year will turn out?
  • Are all account reconciliations up to date to facilitate the closing of the books after year end?
  • Are there accounts receivable that should be reserved for or written off prior to the end of the year?
  • If your business carries inventory, do you need to plan a physical count as of the end of the year?
  • Has depreciation on your fixed assets been recorded during the year? Have you considered depreciation on current year additions?
  • Have all new asset purchases and bank loans been recorded on your books?
  • Are there any liabilities, for example, pending legal actions or warranty issues, which will need to be recorded prior to year end? 
  • Do you have a plan in place to properly “cut-off” revenue at year-end to properly match revenue and expense?
  • Will there be bonuses, profit sharing contributions or discretionary retirement plan contributions paid prior to the end of the year? How will these payments affect cash flow?
  • Will you be in compliance with your bank covenants at year end?
  • Do you need to make arrangements to receive statements as of the end of the year for cash value of life insurance, loan balances, etc.?

Optimize Your Manufacturing Today!

Tuesday, December 06, 2016/Author: Kathy Barthelt/Number of views (3406)/Comments (0)/ Article rating: No rating
Categories: Baan & ERP LN Tips
Tags:

BPCS/LX Tip of the Week: Have you defined your KPIs?

Key Performance Indicators measure how effectively your performance objectives are being achieved.

  • Have you defined KPIs for your company?
  • Are you measuring them effectively?
  • Is everyone in your company aware of what the KPIs are?

If you haven’t already done so, consider tying personal performance objectives directly to the company’s performance objectives. Doing so can greatly increase the likelihood that the company’s goals will be met.

Optimize Your Manufacturing Today!

Tuesday, November 29, 2016/Author: Anthony Etzel/Number of views (2761)/Comments (0)/ Article rating: No rating
Categories: BPCS & ERPLX Tips
Tags:

Baan/LN Tip of the Week: Have you defined your KPIs?

Key Performance Indicators measure how effectively your performance objectives are being achieved.

  • Have you defined KPIs for your company?
  • Are you measuring them effectively?
  • Is everyone in your company aware of what the KPIs are?

If you haven’t already done so, consider tying personal performance objectives directly to the company’s performance objectives. Doing so can greatly increase the likelihood that the company’s goals will be met.

Optimize Your Manufacturing Today!

Tuesday, November 29, 2016/Author: Kathy Barthelt/Number of views (3188)/Comments (0)/ Article rating: No rating
Categories: Baan & ERP LN Tips
Tags:
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