AccountingManufacturing TipsProduction planning What is Cost of Quality and How to Calculate It? The Cost of Quality is the sum of the costs related to providing a quality product and the costs related to not providing a quality product. While an effective measure to identify cash drains, it can also be used to balance the price and quality relationship of your products. By Madis Kuuse 7 min read
AccountingInventoryManufacturing Tips Periodic vs. Perpetual Inventory System – Definitions, Benefits, Examples Although a periodic inventory system might seem clear-cut and foolproof at first glance, its disadvantages may outweigh the benefits. Perpetual inventory systems, however, are already becoming mainstream. By Madis Kuuse 10 min read
AccountingChoosing a SoftwareManufacturing Tips Why Food Manufacturing is Hard and How MRP System Helps For a food manufacturing business, many requirements must be met, which can vary depending on the type of food you make, the facilities that you use, and the market you operate in. By Karl H Lauri 5 min read
AccountingManufacturing Tips What is an Accounting Manual? Accounting manual is a document in which every organization defines its accounting policies and procedures – in this article, we give an overview of its goals and contents. By Karl H Lauri 6 min read
AccountingManufacturing TipsProduction planningSupply Chain Different purchasing practices for manufacturers A robust and accurate planning system is critical to any manufacturer. In this article, we are comparing different purchasing practices – ROP/ROQ Principles vs MRP System Planning. By Karl H Lauri 7 min read
AccountingManufacturing TipsProduction planning What Are Source Documents in Accounting? The article gives an overview of what are accounting source documents and what are their goals, content, and examples. By Karl H Lauri 7 min read
AccountingImplementationManufacturing Tips How to Go From Excel to Manufacturing Software / MRP System How to Go From Excel to Manufacturing Software / MRP System in Stock Management and Production Scheduling. By Karl H Lauri 7 min read
AccountingManufacturing Tips What is Accrued Payroll in Manufacturing Accounting? For small and medium-sized manufacturers, tracking and administering payroll accurately is a critical function. By Karl H Lauri 5 min read
AccountingChoosing a SoftwareManufacturing Tips Top Benefits of Manufacturing ERP for Accounting ERP systems can offer a strong ROI for small to medium manufacturers who choose to invest in a quality system. For many, the benefits of such a strong manufacturing ERP system mean tighter controls and standardized data for production that allows for optimized production. It also recalls images of better control over inventory and the supply […] By Karl H Lauri 6 min read