A Solution for your Assets

With over 30 years as a leading Fixed Assets Management Solution, Hardcat started in 1986 as a “Hardware Catalogue” software system that tracks essential information associated with assets and equipment.  The system pioneered the use of barcode asset tracking, cutting the time and cost of physical asset auditing to a fraction of that taken with manual techniques, and offered complete mobility, flexibility and audit trail of every interaction of every asset in the database. Today, with over 2,000 partner organisations across all sectors and governance standards, the product was expanded to include different areas of operations, such as depreciation/finance, help desk, purchasing/budgeting, stock control, preventative maintenance, running in both client/server and web environments. HardCat Fixed Assets Management Solution provides complete control of any asset, large or small, anywhere, on any device; housing all the fundamental activity of every asset in your business. Asset management has been made convenient and accessible, through web-based user interfaces, mobile apps, PDAs, or Application Programming Interfaces (APIs). This ensures Optimized stock and inventory asset management, making faster, more informed decisions, on an easy to use interface With the core system, individual modules can be selected to suit specific applications or all modules can be used as a total solutions package and integrated with existing data management systems. Hardcat provides measurable and…

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How to Stay Ahead in a Technology-Driven Market

 Enterprises who need to stay ahead in a technology-driven market require organizing, automating, and optimizing their core business processes. As these businesses continue to evolve through the aid of technology, the role of finance is evolving too. This is primarily due to the increased spending in IT that reached 3.7 trillion in 2018 and is expected to grow even further into the foreseeable future.If we look at  trends, it is evident that businesses need to adopt the right technology solutions. Solutions that make it easy to standardize operations, provide visibility, and deliver valuable insights to monitor the business pulse and proactively react to the changes. This necessarily involves making the most out of the enormous data that is generated in finance and operations functions. An ERP system is meant to do that and is in place for most of the global organizations. However, are they efficient? Do these systems promise a profitable business future? Issues with Old ERP ERP systems have been around for decades. They are essential for the smooth functioning of business, integrating critical business processes such as finance, supply chain, operations, reporting, manufacturing, and human resource activities. While most companies have some form of operational ERP system in place, most of these systems are disjointed, working separately to manage each business function.…

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Understand General ledger Module in D365 BC

Get to know GL today!!!! Use General ledger to define and manage the legal entity’s financial records. The general ledger is a register of debit and credit entries. These entries are classified using the accounts that are listed in a chart of accounts.Plan your chart of accountsMain account typesYou can allocate, or distribute, monetary amounts to one or more accounts or account and dimension combinations based on allocation rules. There are two types of allocations: fixed and variable. You can also settle transactions between ledger accounts and revalue currency amounts. At the end of a fiscal year, you must generate closing transactions and prepare your accounts for the next fiscal year. You can use the consolidation functionality to combine the financial results for several subsidiary legal entities into results for a single, consolidated organization. The subsidiaries can be in the same database or in separate databases.Consolidation and elimination overviewGeneral ledger account balancesFinancial dimensions Sales tax Every company collects and pays taxes to various tax authorities. The rules and rates vary by country/region, state, county, and city. In addition, the rules must be updated periodically when tax authorities change their requirements. Sales tax codes contain the basic information about how much you collect and pay to the authorities. When you set up sales tax codes, you…

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