Tag: Cloud

Disposal of a Fixed Asset in Acumatica Cloud ERP

There are usually two cases in which you would write-off an asset from your accounting books. As I’m sure we have all experienced, hard drives crash and laptops and desktop computers become more useful as paperweights than office equipment. In this instance, the asset is donated or placed in the “circular file” for disposal with no resale market value. This is probably the most common scenario. To remove the asset from your accounting records, you would normally have to create an adjusting journal entry that removes the accumulated depreciation and the original acquisition cost. If the asset is fully depreciated, then the entry is fairly straightforward.

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April 14, 2015

Converting Purchases to Fixed Assets in Acumatica Cloud ERP

Acumatica Cloud ERP is one of the many ERP (enterprise resource planning) systems that contain a fixed asset module as part of the application.  Having an integrated fixed asset module automates the management of a company’s fixed assets. The automation of this allows an organization to dump their convoluted Microsoft Excel Spreadsheet or Microsoft Access Database for managing the fixed asset process. Using a spreadsheet or database to manage your fixed still leaves you with making journal entries to record monthly depreciation expense and disposal of assets when they are sold or retired. You are also subject to errors during data entry not only of the journal entry itself, but also of the initial setup of the asset in the spreadsheet or database.

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April 6, 2015

KTL-etc: Your Cloud, Your Way.

Over the last several years we have heard a lot about the cloud: How easy it is to move business applications to the cloud; how IT departments are making this part of their strategic business plans; and the different initiatives coming about on how to save companies money and gain efficiencies.  IT is now able to off load hardware and software administrative and resource overhead to hosting providers.  This is empowering them to not only concentration on, but to be a PART of, strategic technology planning efforts for their organizations.  This is an overall benefit to the organization, and I believe an unexpected but welcomed result of the cloud movement.  

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October 22, 2014

Not Your Parent’s Accounting System

Acumatica is one of the new solutions in the game and the fastest growing Cloud ERP in the world. They were incorporated in 2008 and started by ex-Microsoft Dynamics executives. The goal being to improve on all that is wrong with MSFT systems. MSFT accounting is good for what it is, but it has a hard time doing what people need to do with computing today. The point of this is not to bash MSFT, but point out where Acumatica is: years ahead in technology; just like your Mac Book is to the IBM 650.

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October 7, 2014

A Comparison of On-Premise vs. the Cloud

Most organizations are dependent on fast, accurate, and reliable information that their ERP systems provide.   Microsoft Dynamics GP and Microsoft Dynamics CRM are just two of these that may be hosted On-Premise or in the Cloud.  With this in mind, I wanted to compare two different installation models:  On-Premise Installations vs. Cloud based installations.

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September 12, 2014