Accounting is a very important role in day to day business. Being a good accountant needs the skills of summarizing and interpreting for communicating financial reports to the business’s top management for taking the decisions in respect of business growth.

Every business needs transparent financial recording system to issue its financial reports for those who are interested, they may be lenders, stakeholders, partners or otherwise. An accountant of any company maintains trustworthy financial records and closes the books in time and prepares the financial reports for the company including income statement and balance sheet. (more…)

WSJ article about the impact of a missing factor, but why?

A recent article by the Wall Street Journal points to the percentage share of startups being smaller than ever. Smaller companies tend to grow faster and create jobs faster than already-established firms, the lack of which is creating a sluggish, less-dynamic U.S. economy.

Article Summary

With the economy at just 2.1% GDP growth, economic expansion is moving at the slowest rate since World War II.

Correlating with this is the creation and sustaining of new businesses and startups, those businesses less than a year old have been cut in half from 16% of private US firms in the mid-70’s to just over 8% in 2014.

My Take

Today’s small business owner is facing competition with more corporation style companies. For example, years ago a small grocery store was probably competing with another store who has almost the same resources. Today, a small business grocery store has to compete against corporate grocery stores in the same neighborhood as well.

Another big reason entrepreneurs are not becoming successful is because they end up working inside the business too much, operations management and tasks needed to keep the business going. Instead they need to work on the business, which is business development and growth.

Complexity and cost of business management and business development has also been keeping the new blood from joining the force.

So what can we do to help those who wish to build a new world? This was a central question when we launched ERP Gold.

Erp.gold serves a small business’s needs from business development to business management. It is a business process solution that is affordable, easy to use, and has a generous learning curve. And top of all that a business can request changes based on their needs.

My hope is that our software-solution gives those entrepreneurs willing to run and grow their own business the tools to keep up with established corporations. Creating a more level playing field for start-ups will be essential to the future of our economy and our country, and at ERP Gold we want to be at the forefront of that wave.

Try ERP Gold Free for 45 Days.
Business and Growth made easy.

https://erp.gold

Inventory Control

Inventory control is the processes that make the greatest level a company’s use of the inventory of materials.  The purpose of inventory control is to produce the maximum profit from the least amount of inventory of material.  Inventory control consists procurement, think about and outlook of the material.  There are three types of inventory Raw material, in process Goods, finished goods. (more…)

Journal

A type of document for recording transactions in sequential order is called a Journal, in which transactions are recorded by date and amount.

Journalizing

Once a transaction is recorded in Journal, it is called journalizing. (more…)

Customer management includes all the systems, processes, application that a company designs or adopt to manage their customers.  Customer management is also conducting research to understand customer behavior, buying decisions, and demographics.

Customer Management as a Goal

Customer management is an important goal for successful business, it helps to retain and develop the base of core customers. Customer management lets firms know if their services satisfy customer requirements or not. (more…)