Our Blog: Accounting & Financials

A manufacturing enterprise without Key Performance Indicators (KPI) or Key Metrics is like a rudderless ship in the ocean. It keeps on operating without any definite aim or ambition in sight. To achieve any desired goal, enterprises need to measure their everyday operations using advanced technological solutions so that they can manage them better. To […]

Sales Tax Management and Compliance are complicated and one of the biggest obligations for manufacturers and distributors in the US. Complexities in sales tax regulations, state-wise tax rates, and ever-changing policies add to the complexity of tracking and documenting each transaction in order to remain fully compliant. A single misstep can lead to huge penalties […]

The growth of any enterprise depends on automation of key business processes of which, Account Payables & Receivables play a key role. While, timely payment from customers ensures continuous cash flow into the organization, quick payments to vendors and suppliers speeds-up business, builds trust and reputation.  Manufacturing and distribution enterprises have to frequently fulfil large […]

Every manufacturer at some point or the other would have struggled to contain overhead and labor costs. These cost categories have a direct impact on the bottom-line and other manufacturing areas. Overhead Cost Management Challenges To successfully manufacture products and dispatch to customers on time, they need basic necessities such as electricity, water, equipment, spare […]

Controlling manufacturing and overhead costs is the prime objective of any manufacturer. Especially when leakages are bound to happen due to manufacturers not having real-time visibility into their operations, financial transactions, sales and purchase orders, inventory levels, labor availability etc.  Job costing is one of the pivotal activities in manufacturing and accurately calculating it is […]