Tax Exempt Sales – Read these “rules of the road” Think that just because you’re not a retailer you don’t owe sales tax? Think again. More and more traditionally non-taxable transactions are being taxed all over the US. If you’re not up to date, you could have been charging wrong rates (or not charging at all) all this time. And that can add up to an audit that could potentially cripple your business. But it doesn’t end there. Let’s say you don’t have a sales tax obligation. Congratulations! Businesses that don’t have a sales tax burden often have a much more stringent set of rules to follow to maintain tax compliance. Most of the … [Read more...]
Turn Your Sage ERP system into a Tax Survival Tool
As your business grows, your sales tax requirements will likely grow with you. Your choice? Sink time and energy into sales tax management–which doesn’t make you money–or carry the risk that comes with being out of compliance. Or is there a better way? CASE STUDY: Joe’s Bike Shop in San Diego, California. Joe opens a bike shop, and at first it’s just brick and mortar, but business is great. Members of the local community are lining up to buy bikes, apparel, whatever Joe is selling. From a sales tax perspective right now, Joe has to worry about at least three fundamental things: What’s the rate where he is? He has to charge these … [Read more...]
3 Reasons Business Intelligence Can Be a Lot More Fun Than Playing CLUE!
Who did it? Where did your profits go in the last 6 months? Do you know? It will take ransacking your business data for clues, asking detective questions and leaving no table unturned to find out! Are you ready to question everything to unravel the mystery, discover the heroes, and expose the culprits that are eating up your profitability? A beverage manufacturing business recently hired a new CEO to become more profitable. After doing some detective work the CEO realized that their business data did not have enough clues to efficiently manage their products and customers. Their financial reports were not giving them the information they … [Read more...]
Inventory Control in Sage 300 ERP
Sage 300 ERP Online Training Session When you watch this Sage 300 ERP online training video about Inventory Control in Sage 300 ERP [Length - 32:56], you will learn more about: • Costing Types and What They Mean in Sage 300 ERP • GL Segments by Location in Sage 300 ERP • Category Codes and Why They Matter in Sage 300 ERP To learn more about Inventory Control and Sage 300 ERP, please contact Front Line Systems. About Front Line Systems Front Line Systems is an ERP Consulting Firm with headquarters in Minneapolis, Minnesota. We are dedicated to helping businesses solve their accounting, manufacturing and warehouse concerns. We … [Read more...]
Check Processing (AP in Sage 300 ERP)
Sage 300 ERP Online Training Session Take a closer look at Accounts Payable in our Sage 300 ERP online training session. When you view the Sage 300 ERP online training video below you will learn more about: Check Processing Miscellaneous Payments and Distribution Codes To learn more about Sage 300 ERP, please contact Front Line Systems. About Front Line Systems Front Line Systems is an ERP Consulting Firm with headquarters in Minneapolis, Minnesota. We are dedicated to helping businesses solve their accounting, manufacturing and warehouse concerns. We believe that your business has an amazing capacity for innovation and growth … [Read more...]
Top 8 Strategies for CFO’s to Reduce Tax
During challenging times, businesses constantly seek ways to reduce risk and operating costs. Many organizations are still relying on spreadsheets and manual entry to manage sales and use taxes. The errors associated with such methodology have contributed to negative audit results, subjecting companies to heavy fines and penalties as well as costly corrective labor. Keeping track of sales and use tax obligations for transactions that are both taxable and nontaxable isn’t as simple as it used to be. While the standard has been updating the rate tables in your ERP system with current rates in each jurisdiction you do business in, that manual … [Read more...]
Sage Summit 2014 Recap by Front Line Systems
Sage Summit 2014 Sage Summit 2014 was all about giving customers choices. Sage is making great strides towards making their applications more relevant to meeting customers’ needs. They have dedicated a lot of resources towards developing a cloud platform and creating mobile apps to drive complexity out of customers’ businesses. It’s exciting to see a more connected environment for Sage applications! Himanshu Palsule, CTO of Sage shared some of Sage’s new developments, the Sage Data Cloud, Sage Exchange, Sage Mobile Sales, Sage Mobile Service and Sage Intelligence Go (which will be available mid-2015). A few Sage Summit highlights of … [Read more...]
Join us on August 6, 2014 at our Sage 300 ERP Lunch and Learn online training session
Sage 300 ERP Online Training Session Below is a replay of our Sage 300 Inventory Control training session. We will be covering the three sub-points below: a) Costing types and what they mean? b) GL Segments by location c) What are category codes and why do I care? For more information on Sage 300 ERP do not hesitate to contact us via the Front Line Systems website or call us at 866-435-0243. We look forward to talking to you on August 6th, 2014. About Front Line Systems Front Line Systems is an ERP Consulting Firm with headquarters in Minneapolis, Minnesota. We are dedicated to helping businesses solve their accounting, … [Read more...]
The Important Business Function Your ERP Can’t Handle Alone
Many companies choose to invest in an Enterprise Resource Planning (ERP) system to unify business processes. An ERP system affords greater visibility and control over your business processes and ensures better compliance across operations. The centralization and automation of core functions means an easier way to monitor all aspects of a business and lays a strong framework for compliance with an array of regulations. The result is greater efficiencies throughout the organization. But even the most robust ERP systems don’t always include a sales tax compliance option, leaving back-office staff to manage the host of sales tax rate, rule, … [Read more...]
Get Instantaneous Reports by Manipulating Your Business Data in Real-Time
Business financial reporting software: Get more granular and real-time reporting of your business metrics. Use business financial reporting software to manipulate business data such as customer names, item numbers, sales totals and dates to build reports instantaneously. Why e-Analytics Business Financial Reporting Software? eAnalytics is a high powered Business Financial Reporting engine built on SQL Server Analytics and designed from the ground up to work with Sage 300 ERP (formerly Sage ERP Accpac) data, with backward compatibility to earlier editions. Run the “out of the box” reports and dashboards on day 1, and build your … [Read more...]
