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You may have started your setup of your ERP system one way, and have discovered over time that maybe it no longer fits how you need to do business. Over the next few weeks, I’ll be providing some pros/cons to consider for different company setups.

Pros/Cons of Single Finance / Single Logistic Company Set-Up

Have you ever thought about what really motivates your employees?

It’s not about the almighty dollar, you know. Ok, ok…..money doesn’t hurt, but money alone doesn’t keep most people in their jobs. You actually need to motivate your employees to keep them showing up, mentally, and physically. Employees that don’t feel motivated are probably underperforming, and that means you’re losing money.

Ask yourself these questions about your employees:

• Are they happy…..YES….HAPPY! Do they enjoy coming to work every day?
• Do they feel challenged, or do they feel demeaned?
• Are they sinking, or are they swimming?
• Do they have the right tools in their arsenal to battle the giants?
• Where’s the reward?

Happiness - I’ve worked with manufacturers for almost 20 years now...

Crossroads RMC is proud to be featured in the IT Jungle article “ERP Upgrades: Love ‘Em or Leave ‘Em”. Anthony Etzel of Crossroads RMC discusses the benefits of an add-on solution like Crossroads MES which provides the feature rich functionality that manufacturers need, typically not found in an ERP system.

Came across an article online from Lauber CFO’s, and thought I would share. Here is a checklist for things to consider in order to finish out the year and help you plan for 2016:

• Are your accounting records up to date so that you can make a projection of how the current year will turn out?
• Are all account reconciliations currently 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 f

Came across an article online from Lauber CFO’s, and thought I would share. Here is a checklist for things to consider in order to finish out the year and help you plan for 2016:

• Is your accounting records up to date so that you can make a projection of how the current year will turn out?
• Are all account reconciliations currently 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 the 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 the cash value of life insurance, loan balances, etc.?