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How Long Does It Take To Implement An ERP System?

15|07|2019

How Long Does It Take To Implement An ERP System?

There are two divergent streams to follow when implementing an ERP (Enterprise Resource Planning) System. The first one is implementing a COTS (Commercial-Off-The-Shelf) system and the second one is one designed from scratch (custom-built) specifically for business.

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The Internet of Things (IoT)

02|07|2019

The Internet of Things (IoT)

What is the Internet of Things (IoT)?

It seems to be a modern trend to talk in acronyms and especially when it comes to technology. One of the ones that get bandied around is the IoT (Internet of Things). This is a term which is a huge subject and this article is intended to give a very basic idea, hopefully in fairly plain English...

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The Meaning of ERP

01|07|2019

The Meaning of ERP

Overview

There has been a lot of information doing the rounds on various forms of media about ERPs. So what is ERP? First used in the 1990s, the term ERP stands for Enterprise Resource Planning and not as some business owners may hope, Emergency Revival Programme.

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Cash Still King – Credit Card Integration

28|06|2019

Cash Still King – Credit Card Integration

Is Cash Still King?

Let’s be clear on the definition of cash as it is used in this article. Cash means hard currency, actual money. It does not mean money sitting in your bank account. When a customer walks into a retail shop they will pay for their purchases either with actual cash, or with some sort of debit card or credit card...

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How Can A POS System Help Your Business?

24|06|2019

How Can A POS System Help Your Business?

The Early Days of POS Systems

Every trader in history has had some method of keeping his valuables and money which they retain and exchange, recorded in some fashion. The earliest method of trading was to exchange the product for services or vice versa. In the late 1800’s the first mechanical cash register was produced.

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The History Of Enterprise Resource Planning (ERP)

11|06|2019

The History Of Enterprise Resource Planning (ERP)

ERP can be a confusing and overwhelming subject, especially with the vast amount of enterprise resource planning information available on the web. However, to fully understand how ERP can transform your business it is important to understand what ERP is and how it works.

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How Can an ERP System Improve A Company’s Productivity?

23|05|2019

How Can an ERP System Improve A Company’s Productivity?

What is ERP?

Enterprise Resource Planning, also known as an ERP System, has gained much interest over the last few years, because of its core focus on the day-to-day running of a business. An ERP system looks at a company holistically and incorporates various business functions into one software feature.

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When Does A Company Need ERP Software?

15|05|2019

When Does A Company Need ERP Software?

Many companies find their curiosity piqued, and are intrigued by the idea of implementing Enterprise Resource Planning (ERP) Software in order to streamline their workflow and increase scalability within their business, but are unsure if it’s the right step to take, or if it even applies to their company or industry.

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General Accounting Part 2

23|04|2019

General Accounting Part 2

There are a number of terms used in Accounting, which are often not fully understood. Below are some short explanations of basic terms used in Income Statement and Balance Sheet reports.

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How To Avoid The Most Common Pitfalls of ERP Software Selection

18|04|2019

How To Avoid The Most Common Pitfalls of ERP Software Selection

Overview

An Enterprise Resource Planning, or ERP Software system, is a critical inclusion in many a business as it delivers vital information about the intricate workings of the business from multiple sources to a centralised hub where the data is analysed.

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Implementing an ERP Software Solution

27|02|2019

Implementing an ERP Software Solution

Overview

Selecting an Enterprise Resource Planning Software solution (ERP Solution) is often a challenge. However this is only half the battle. Many ERP Software solutions end up being unsatisfactory because of one main factor, which is a lack of planning and preparation.

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HMRC – Making Tax Digital | Omni Accounts

06|02|2019

HMRC – Making Tax Digital | Omni Accounts

This is an initiative by HM Revenue & Customs in the United Kingdom to make it easier for businesses to submit their tax returns. VAT Registered businesses whose turnover is over the tax threshold will be required to submit their VAT Returns digitally from 1st April 2019. This will have to be done by using

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Configuring an Omni Accounts ERP Solution | Omni Accounts

25|01|2019

Configuring an Omni Accounts ERP Solution | Omni Accounts

Overview

An ERP solution for a business needs to be configured correctly and carefully. Every business has unique requirements and configuring an ERP solution is often a complex process. Omni Accounts allows functionality to be incorporated into an ERP software solution in a granular method much like building blocks.

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Considering an ERP? Here are the Benefits of Resource Planning Software | Omni Accounts

12|12|2018

Considering an ERP? Here are the Benefits of Resource Planning Software | Omni Accounts

Exploring the Benefits of Resource Planning Software

Put down your spreadsheets. Read on to learn the benefits of electronic resource planning software (ERP) and how it can make your job easier.

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Business in South Africa in 2019 | Omni Accounts

30|11|2018

Business in South Africa in 2019 | Omni Accounts

What does 2019 hold in store for businesses in South Africa?

Unfortunately no one has a crystal ball and there are many different opinions. What we know is that South Africa is currently experiencing a technical recession. Some experts are indicating that the country may come out of this recession in the first half of 2019 and others are more pessimistic . . .

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General Accounting Part 1 | Omni Accounts

23|11|2018

General Accounting Part 1 | Omni Accounts

General Rules of Accounting

General Rule No 1: All transactions must be recorded. General Rule No 2: The Double Entry method must be used to record transactions. General Rule No 3: Every transaction is recorded in the General Ledger, also known as the Nominal Ledger.

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Advantages of an integrated Point of Sale (POS) system | Omni Accounts

05|11|2018

Advantages of an integrated Point of Sale (POS) system | Omni Accounts

What is a Point of Sale system?

In its most simple format, a POS system is a cash register which captures sales. According to Wikipedia, the basic, fundamental definition of a POS System, is a system which allows the processing and recording of transactions between a company and their consumers, at the time in which goods and/or services . . .

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Bill of Materials | Omni Accounts

30|10|2018

Bill of Materials | Omni Accounts

What is a Bill of Materials?

Wikipedia defines a Bill of Materials (BOM) as ‘a list of the raw materials, sub-assemblies, intermediate assemblies, sub-components, parts, and the quantities of each needed to manufacture an end product’. The end products are often referred to as the ‘finished goods’.

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Inventory (Stock) Control | Omni Accounts

10|10|2018

Inventory (Stock) Control | Omni Accounts

What is Inventory?

Inventory (also referred to as stock) can be defined as the products or items which are sold by a business or used to manufacture products which are then sold.

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Some tips on how a business can survive through economic times | Omni Accounts

08|10|2018

Some tips on how a business can survive through economic times | Omni Accounts

Manage Cash Flow

Managing cash is critical; a business needs to be able to pay its staff and its suppliers. Without these resources a business cannot trade. Cash inflow from sales needs to be quickly and accurately updated. In order to achieve all this, it is vital to have an accurate record of your bank accounts, and . . .

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