Category: QAD Financials
QAD EE Upgrade Approaches
Posted on: May 8, 2023 | By: Emily Aro | QAD Financials, QAD Manufacturing, QAD Business Process, QAD Distribution
QAD EE Upgrade Approaches Thinking about upgrade approaches for QAD EE? As most QAD users know, the upgrade to QAD’s Enterprise Applications Enterprise Edition (QAD EE) from older versions of QAD’s ERP software could be a significant undertaking. Prior upgrades over the last 20 years could largely be completed as technical exercises, assuming that few customizations and business processes change. The underlying technical architecture of QAD SE from one version...
Maximizing Cash Flow With QAD
Posted on: April 14, 2023 | By: Emily Aro | QAD Financials
In QAD, users can use tools and techniques to maximize their cash flow. Cash flow forecasting enables businesses to predict more accurately for the future, assess performance, and identify possible cash shortages. In this blog, we will provide you with insights on maximizing cash flow with QAD. These tools below enable your business to ensure the appropriate cash is received or used at the appropriate times. Inbound Cash Inbound cash...
Creating Fixed Assets in QAD
Posted on: April 19, 2022 | By: David Kwo | QAD Financials
Overview Fixed assets are large capital purchases which companies record as assets that depreciate over time (instead of expensing the cost). Companies can use fixed assets to make large investments in capital purchases that are used in production of its goods and services. Fixed assets allow companies to make purchases that do not result in a large impact on their income statement in the first year. Instead, the cost of...
Supplier Schedules vs Discrete Purchase Orders in QAD
Posted on: April 18, 2022 | By: David Kwo | QAD Financials
Supplier Schedules Supplier schedules in QAD give suppliers a forecast of what a company intends to buy over a certain period of time. With a one-time set up, supplier schedules allow MRP to take over and automatically generate purchase orders. Supplier schedules are intended for use with long term contractual agreements that typically require regular weekly, daily, or even hourly deliveries. Supplier Schedules can be used with a fixed price,...
QAD Bank Drivers: Business Case
Posted on: April 14, 2022 | By: Minela Covic | QAD Financials
This blog details a QAD bank drivers business case, in which leveraging bank drivers solutions enabled greater business efficiency. Business Case The client pays their vendors once a week during their Accounts Payable run. 90% of their payments are made via check currently. Their current ERP does not allow them to store supplier bank numbers in the system and does not allow them to export electronic payments. Therefore, for the...
Best Pricing in QAD – Managing Volume Discounts
Posted on: April 12, 2022 | By: David Kwo | QAD Financials
QAD’s tools make it simple to create and manage volume discounts that apply to all quotes and sales orders, product lines, line items (inventory or memo, debits, or credits), and all customers with the same Customer Type. A customer never receives a discount smaller than the one entered in the customer file, unless it is manually overridden. You can manage volume discounts in Volume Discount Maintenance by filling out the...
Revenue Recognition in QAD
Posted on: April 5, 2022 | By: David Kwo | QAD Financials
QAD's Revenue Recognition module is designed around the Accounting Standards Codification (ASC) 606, which is part of the Generally Accepted Accounting Principles, or GAAP, that public and private companies are required to use when recognizing revenue from contracts with customers. Users are able to configure their QAD system to automatically create revenue contracts and performance obligations from a sales order. Once configured, revenue recognition rules will default to each performance...
Can QAD’s Best Pricing handle complex pricing scenarios?
Posted on: March 31, 2022 | By: John Pletch | QAD Financials
QAD offers Best Pricing as part of the base Enterprise Resource Planning (ERP) software. Many companies have complex pricing scenarios and sales management that would like the ability to quickly change strategy as the market requires. Best Pricing can handle most pricing scenarios, and when properly implemented, can be changed updated or changed with minimal effort. The most important factor in successfully implementing Best Pricing is mapping out all pricing...
Efficient Tax Setup in QAD
Posted on: March 30, 2022 | By: Minela Covic | QAD Financials
This blog details the step-by-step process Logan Consulting went through when helping a Client set up taxes in their QAD system to address inefficiencies and errors in their preexisting method. Logan’s team set up taxes in QAD to automatically calculate Canadian taxes on Customer Invoices based on where the Customer is located. This Client had issues in the past when their current system did not calculate taxes properly and they...
Supplier Consignment in QAD’s Adaptive ERP
Posted on: March 11, 2022 | By: David Kwo | QAD Manufacturing, QAD Financials
Summary QAD provides out-of-the-box functionality to manage Supplier consignment inventory that integrates all aspects of the process including Purchase Orders, receiving, tracking consigned inventory, usage reporting, and deferred voucher and payment until usage. Supplier Consignment Setups The following setup is required when using the Supplier Consignment module 1. Enable the module through the Supplier Consignment Control file. You can also set the default settings for Consignment Orders, Aging Days, and...