In sympathy with the recent passing of Blue Monday, Cougar Mountain Software would like to present 5 “Must Ask” questions that will ease the pain and stress of tax season. After all…the more you know, the more you know. Content may be more relevant for small-to-medium sized businesses than larger corporations.
Track Inventory and Pay Multiple Payees From One Program
Being in the medical equipment rental industry presents two unique challenges: inventory tracking and paying out multiple recipients (or third-party billing). To turn those challenges into strengths, we’ve unveiled these features in our Denali accounting software. Whether your company works with local hospitals, patients in home care, or both, if you rent out of your inventory and have multiple payees, Denali will work for you.
Embezzlement is a Pattern of Behavior, and It Doesn’t Happen Overnight
If you think embezzlement is only something that happens at large corporations — where one bad egg out of hundreds of employees can escape with cash unnoticed — think again. Occupational fraud, or the misuse of an organization’s resources by someone within the organization, is a threat to companies and nonprofits both big and small.
But fraud isn’t something that happens overnight. On average, fraudsters can get away with their crimes up to 18 months before they’re detected, according to the Association of Certified Fraud Examiners’ (ACFE) 2014 fraud report. That same report showed that employees in certain positions are more likely to commit fraud than others. Executives committed fraud in 19 percent of cases studied, followed by managers (36 percent) and employees (42 percent).
Read the Warning Signs, and Save Time, Money, and Valuable Resources by Updating Your Accounting Software
When it comes to technology, there are those who can’t wait to upgrade. These are the compulsive buyers. They will preorder the latest iDevice months before it’s released, and still upgrade to the latest model a year later.
Then there are the neophobes, or those with a fear of the new and novel. These buyers will go years without an upgrade, no matter how worse for wear their devices are. Or they’ll wait until the last minute—until the wheels have literally and figuratively fallen off the wagon—to buy something new.
In either case, we can take away one thing: All technology ages, and that includes accounting software. And while it’s ok to want to get the most out of your software investment, there will come a point when your outdated accounting software will stop saving you money and start costing you not only money, but time and resources.
8 Factors to Consider in Your Search for Small Business Accounting Solutions
Finding the right accounting software doesn’t have to be difficult. In fact, it’s not as challenging as you think. The right small business accounting software is the solution to your accounting needs. And compared to inefficient and error-prone manual spreadsheets, the right accounting software will save you time and money.
Bookkeeping isn’t the most exciting task. Some 40 percent of business owners surveyed in 2015 by the nonprofit SCORE said it’s their least favorite part of owning a business. That makes sense. You want to run your business, not spend 80-plus hours a year on bookkeeping and taxes. The right accounting software puts everything you need for efficient financial management and bookkeeping at your fingertips.