Tag: QAD Finance

Does your company currently allocate multiple employees to manually apply cash and ensure that invoices match orders, even when the majority of accounts are matched anyways? Logan Consulting can help companies save time and resources by automating this process so that manual cash application is only needed in the case of discrepancies. To automate payments, Logan creates an Excel file for clients to paste data into. The file is then...

Does your company currently allocate multiple employees to manually apply cash and ensure that invoices match orders, even when the majority of accounts are matched anyways? Logan Consulting can help companies save time and resources by automating this process so that manual cash application is only needed in the case of discrepancies. To automate payments, Logan creates an Excel file for clients to paste data into. The file is then...

QAD's currency and exchange rate-related capabilities allow users to define and track various types of relevant currencies and exchange rates, making it simpler to organize and complete cross-currency transactions, track and analyze realized gains and losses, and keep up with the frequency regulations of different entities. Defining Currencies Users can create currencies in the Currency Create tab, applying a currency code (an ISO standard code), short description, decimal description (cents,...

Best Pricing Allows You To: Create price lists that accommodate a wide range of pricing situations Allow the system to determine best prices using flexible analysis codes Analysis codes allows the user to create groupings based on similar characteristics, such as region, salesperson, or item number. Advantages: Classify customers and products into groups Link analysis codes together to form sets Categories created by analysis codes impact pricing structure established for...

Electronic Funds Transfer (EFT) is a convenient and simple way to send electronic payments to clients, vendors, or any other unit. Bank drivers are a key component in leveraging EFT; they are the programs that create files in the format that banks require and support multiple electronic funds transfers, including check, Wire, and ACH files Bank drivers offer several key benefits: Helps to ensure financial compliance KPI Automation speeds up...

Previous blogs in this series described the complexities of Sales and Use Tax configurations in ERP. If your business requires a 3rd party bolt-on software package, the following requirements should be considered.  Tax Rate Database o Integration to the tax rate database should be seamless. The software should include a connection to transactions including quotes, sales orders, invoices, purchase orders and accounts payable transactions. o Tax rate updates should...

Ensuring a sound United States sales tax configuration in your ERP system can be a challenging endeavor. Your business needs to consider the following. How many U.S. states does the business have Nexus? (Nexus is the relationship between a business and a state that requires the seller to register, collect, and remit sales tax on sales made in the state). What is the jurisdiction level of detail required for tax...

Manufacturing companies usually have a business goal of increasing the company’s revenue and improving profit margins. To accomplish this a company needs to understand their manufacturing costs and how to manage and improve costs. The cause and effect of costing and manufacturing related processes usually will cause variances. Understanding these variances really starts with understanding what are the variances that are created and the cause of these variances. If your...

Congratulations! You made the decision to upgrade to QAD EE!  You most likely have a date set for implementation and know which steps are needed going forward. What issues do you need to avoid? Here are the top three mistakes Logan Consulting sees when companies make the upgrade to QAD EE. 1. Skipping the necessary (and sometimes unglamorous) step of cleaning master data - Master data is not just an IT issue...