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Mass Privacy Law: How Does it Impact Me? - DMC Audio Message - Mon., July 12 2010
- 12:54 PM
Mass Privacy Law: How Does it Impact Me?
Our upcoming newsletter is dedicated to how the new Mass Privacy Law impacts you
and your company. The law is titled 201 CMR 17:00 and it officially took effect
March 1st of this year after several stalls.
Massachusetts has implemented a privacy law that can be considered the toughest
in the country...hooray! Not so fast—much of the law moves the burden to protect
from identity theft and credit card fraud to each and every person in the Commonwealth.
I am very much a proponent of getting those techie bad guys, but so far I don't
hear or see businesses and individuals racing to us with questions on compliance.
Compliance is a great portion of the new law; it touches on many specifics that
should already be in place to protect individuals’ private information. The law
takes time to define what personal information is (PI) and how you must have a policy
in place to protect and track it. It also states that you must follow a mandated
procedure in the case of a security breach. Non-compliance will have consequences.
We are providing information to our clients so they are aware and understand the
new law as it relates to technical accounting and personal information. As always
thanks for listening!
For the sake of repeating myself, we gladly and happily support Deltek Advantage.
DMC is a service-focused company that works for its clients. Since Deltek's initial
announcement of support phase-out, many years have passed. So we feel as though
a short reiteration of how we work with clients still on Advantage would be helpful.
Accounting and Bookkeeping is needed for businesses in the AE community, and thus
it is critical in our eyes that we continue to support operations on a routine basis
for common accounting needs: invoicing, data entry and closing entry services. With
that comes our commitment to continue to train existing and new client staff on
the Advantage application.
Additionally, we are experienced in all the technologies associated with keeping
Advantage running, such as moving, recovering, reinstalling the application and
components. Routine maintenance and backups can be monitored. We will continue to
support this until the last piece of compliant equipment and patch will work.
Moving to a new application is not the only option, although someday at some point,
it may be the only option. What is most important is what the client is asking for,
especially in this economy or for any business reason that is their priority.
Is it just me, or has the tax compliance reporting requirements for those using
in house payroll become even more complex. I remember the time where the average
wage earner could meet the social security limit and the w-2 actually represented
true gross wage. With that said, the Massachusetts deployed a new web reporting
interface with the Department of Unemployment (DU) that repeats information already
reported on with the massachusetts department of revenue web file reporting and
requests new info.
In my opinion, the new Massachusetts DU web reporting is rough to setup and a bit
cumbersome to navigate. Meaning, you're wondering how to print and unbelievably
re-keying social security numbers, wages, and withholdings. Also, you have a new
quarterly hours reporting requirement and double accounting of taxes withheld.
DMC has always supported payroll intregration for payroll data uploads to banking
NACHA files in the softwares we support. We found that the new Mass DU site has
data upload formats wage reporting too and we have begun supporting our clients
with in house payroll on this ASAP. Rekeying this type of information even for 5
employees is too subject to error. Worth the investment to get this info out of
your software and uploaded automatically.
Support Your Local Bank. - DMC Audio Message - Tues., April. 13, 2010 - 3:12 PM
Hi this is Doris!
Nowadays, the world changes faster than you can keep track. What hasn’t changed,
though, is the need for small businesses to have a good relationship with their
business bank. Your option to choose a small competitive bank outside your local
area has become easier than ever. We’ve found that being in Boston all these years
limited us to use the big banks. Occasionally, I wanted to receive a phone call
from someone who knew our commercial account personally and could help us when issues
came up. Playing phone tag, long teller lines, and the constant rotation of bank
contacts was frustrating. I wanted a bank that ran like a small business, not just
a money machine. Good news! The bank we’ve been looking for ended up being 30 miles
west of our offices and it’s as if they are right next door. We are able to remotely
bank our daily deposits from our offices, and transmit ACH and EFT transactions.
And if all that wasn’t good enough, we were show step by step the entire process
for ordering checks, establishing our secure logins for the web, and making deposits
from our PCs. Try getting that kind of customer service from the big banks nowadays.
For some of you it's the simple changes that would make you happy when it comes
to your invoice formats. Although improved, Deltek Vision 6.1 standard template
options may not meet your principal's requirements when it comes the professional
look and feel you want in your invoices. No matter who the programmer or software
vendor, professional firms really take pride and how their invoices need to look.
The fees for custom invoice services can be significant and a poorly presented invoice
can lead to client confusion or worst, delay in payment.
Until Version 6.1 SP1, changing an invoice format could be costly, partly because
invoice formats were placed in Actuate, a not common report writer that is difficult
at best for even an experienced person to master. With Actuate now gone and Deltek
invoices using SQL Reporting we have had great success in making the simplest of
changes a reality for clients.
For instance, bolding, alignments, relabeling and general spacing can be changed
for a reasonable cost. In fact, other reports also have that same ability for change.
Skilled staff can accomplish this with permanent documentation .
We have installed, supported and prepared books for A LOT of Deltek clients. We’re
a small, personalized, group of consultants that possess the skill sets to better
attend to needs or problems. We recognize hopping around support departments, waiting
on call backs, and unraveling bookkeeping mistakes are frustrating situations for
owners and controllers who may not have the time to fix the issue. More so, those
utilizing us tend to know our names, know who to go to, and if not, our phones are
picked up and a real voice can at least defuse and route the issue. I love automation
and working in the applications we support. We are an accounting firm that businesses
can trust to deliver the best results.
Accountants like to count...don't laugh, for the most part it’s true. Those in the
profession almost always share their love for numbers and the fun of ticking. And
if we’re not counting away, we are reminiscing in the joy of locating mistakes.
For me finding mistakes and observing things that others miss IS the part that keeps
me in the accounting field all these years.
Just yesterday, not a client but a vendor emailed us a repair bill for equipment
improvement, the invoice made it to my approval box and I noticed they were charging
Massachusetts sales tax on freight using QuickBooks. So being a good neighbor I
suggested they revise the invoice, which they graciously did and thanked me. In
addition, there may be an opportunity to amend their sales tax returns now for charging
sales tax on freight in Massachusetts.
With the economy working on and heading towards a full recovery, finding these mistakes
add up and certainly help the process. People make mistakes, accounting rules are
layered and systems only produce what you tell it to, so consider using a professional
to review your books and discover often overlooked cost savings.
DMC provides remote, on site and telephone support to all of our clients. Our unique
position within the industry gives us the ability to handle calls and provide fast
response times when the client needs service. We have found that there are weaknesses
in most maintenance support plans which do not meet the clients’ needs. Support
calls often require immediate assistance which is why we have no automated phone
queues or wait times.
The following list of points explain why moving to an “as needed basis” for accounting
and systems support may be right for you.
No phone queues or layered push button phone systems
Local people, local group with intense industry knowledge
We find work-arounds a manufacturer would be reluctant to approach
Accounting and IT knowledge in one spot with less leaps, saving time
We provide a local, personable relationship
If you are frustrated with long call back wait times and sifting from customer service
rep to rep, consider us to be your local solution so we can work for you and your
business can be more effective.
Upcoming Axium Event. - DMC Audio Message - Mon., August 24, 2009 - 11:20 AM
Hi this is Doris!
Is your company looking to switch to a new accounting software? Then consider joining
us for our upcoming event about migrating to Axium Ajera Portfolio. We’ll talk about:
What to consider when moving beyond your current accounting software?; What are
the benefits of Axium Ajera PORTFOLIO over other options?; and, we’ll have a software
presentation of Axium Ajera PORTFOLIO.
A good number of AE firms in the Northeast have made the change to Axium Ajera Portfolio.
The top reasons have been:
Simple IT deployment (CD autoinstall), not necessitating heavy hardware and long
term internal IT maintenance
A chance to change 20 year project practices that were not working, Axium Ajera
PORTFOLIO gives you a "fresh start"
Simple interface and ability to change transactions with audit trail
Reporting a lay person can easily operate
Software cost that is below legacy pricing and offers more product features
The exciting news is that there are new choices out there for accounting software.
DMC has a good local relationship with Axium and that helps ensure happy clients.
To learn about how to attend this in-person or webinar event, visit our
Events.
Test Environments. - DMC Audio Message - Thursday, August 17, 2009 - 10:46 AM
Hi this is Doris!
We recently upgraded our internal accounting and CRM software to Vision 6.1, but
not without setting up a test environment. Deltek Vision 6.1 is a major upgrade.
There are a enough changes in the product’s features and infrastructure to warrant
setting up a pre-conversion environment to test your day to day needs. We have successfully
created a low cost test set up for many of our clients and these are some of the
items we've bumped up against so far.
Deltek Vision 6.1 is a full rebuild of reporting services to SQL reporting
Deltek Vision 5.1 is fully uninstalled, 5.1 and 6.1 cannot both exist on the server.
Microsoft Excel downloads are different, there are changes to navigate and search.
Printing is handled differently, anticipate work in printing
The interface is new but easy to adapt to (low training curve.)
CRM activities have a design view
Data entry seems faster
Invoice templates with logos have needed a small amount of work to reuse them
Timekeeper comments entry has an autofill feature
Consider using us to help with your Deltek Vision upgrade, it can be managed and
completed for a very reasonable cost. We can set up a test environment before converting
live so that we can work out any issues beforehand. And remember, we can set up
test environments for other products we support too, such as Axium Ajera, Intuit
QuickBooks, MYOB, BQE BillQuick, and Sage.
A good portion of our service work is what we call retrofitting. Some clients, in
good faith, choose to implement their accounting software on their own or solely
with the manufacturer, only to find out they may have been better off fully outsourcing
the project.
We are a first choice stop for fully implementing accounting software pre and post
sale with your manufacturer. Common mistakes that clients make can take an already
significant investment and spin in out of cost control. If you are on the verge
of purchasing a new application, seek professional advice:
Don’t assume your staff has the double time to pick up on a new accounting system
right away.
Avoid evaluating software on your own without a professional. It’s difficult to
fully analyze a software in just a few presentations.
Relying on your IT department to choose hardware and deployment solutions if they
have no Accounting background can be problematic.
Try not to analyze software contracts without a professional. DMC Systems knows
what a contract should look like and how much modules and services should cost.
Don’t buy before fully testing your reporting, invoicing and other accounting requirements.
Aggressive Trade Practices. - DMC Audio Message - Wed, Aug 05, 2009 - 11:10 AM
Hi this is Doris!
Stories about aggressive trade practices by software companies have once again filled
my voice mail box this month, creating an impact on my work and clients. Aggressive
trade practices have invaded the software market on many levels. I am struggling
with software companies wishing to be part of small businesses’ routine overhead
costs, contracting practices, and insisting once you render business with them you've
entered a marriage of sorts.
Think about the following practices that have created calls into our offices:
In a downsized economy licenses CAN be reduced. Most software companies base their
annual maintenance fees in relation to how many licenses you own. Licenses are measured
by employee count or workstation count. In times of recession licenses can be reduced,
saving your firm lots of money.
Terms and contract conditions that have no refund policies on warranty for use.
Software agreements are contracts, and in many of those contracts there are built
in % increases to their maintenance plans.
Inability to purchase software separate from support agreements. Unfair cancellation
practices.
Vaporware is when a software company does not fulfill a verbal promise that a needed
feature will be part of the product and that it is "coming soon". Coming soon can
be never and coming soon can mean more money.
Aggressive support lines that push to buy or sell upgrades.
What does it mean for you when software companies say "we are no longer supporting
your version of software?" Should this spin you into action to make a change? My
experience with this type of small business marketing almost always results in a
frustrated client. Why? because small businesses tend to want to control their decisions
and choices.
Here is an example: The HP MFP8150 is a great multi task printer that scans, prints,
creates PDFs etc. but its software and drivers are no longer supported by HP. This
creates a repair problem should you need to reload the software on your server and
the license is not supplied anymore. Use MS Office? Don't lose your CD and license
on an unsupported version, they’re not replaceable. Use Quicken 2006? They turned
off the download feature automatically on April 30th of this year.
What I am saying is that the larger the company, the smarter they are about this
stuff, and know that eventually even if you are happy with your current setup, they
might be able to force a change on you by not supporting an old version anymore
in order to get you to spend more money.
Whether you are on Axium, BillQuick, Deltek Advantage, Deltek Sema4, Deltek Vision,
Deltek Win2, Intuit's QuickBooks, MYOB, Sage Fixed Assets (FAS), or Sage Master
Builder, we work to support any technology that you own until you are ready to let
it go!
Financial Relationship Strategy. - DMC Audio Message - Friday, April 17, 2009 -
11:24 AM
Hi this is Doris.
Working with financially healthy vendors is smart, but how does one know if their
sub-consultant, software company, insurance agent or even their landlord is in trouble?
Yesterday market news announced the largest chapter 11 bankruptcy in US history
made by General Growth Properties. GM is on the fringe of a managed bankruptcy,
and it makes you wonder “who’s next?”
Wondering is not a very strategic method to tap into the complex interdependencies
regarding vendor relationships. And panning through publicly issued financial information
can be more than cumbersome for the non-accountant. But there needs to be some method
of diligence so your firm does not end up getting dragged into the financial troubles
of another. If the general contractor goes under, there's a toppling effect.
Using professionals to read financial information of an interdependent company is
a must if you’re not an accountant. For instance, terms "accumulated deficit", "debt
to worth" "current ratio" are all key indicators of whether companies have financial
challenges. In addition, credit histories are an indicator of how someone pays their
bills, and referrals from industry peers in respect to credit can be even more powerful
for choosing who you do business with. Ask your vendors: how is business? Most people
will be clear with you in telling you if the phones are ringing off the hook or
if their projects have just stopped.
Think of the key areas: if your vendors were in trouble, how would that impact your
company? Be aware of the following: Accounts Receivable bad debts, Landlord is in
arrears on Real Estate Taxes, Life Insurance Company gets Tarp money, the Bank cuts
your credit line. It’s easy to analyze these items, your business relationships,
and your vendors, as a strategy to reduce your risk.
Green Challenges. - DMC Audio Message - Friday, April 17, 2009 - 09:01 AM
Hi this is Doris.
Going green has created a new set of challenges concerning integrated accounting.
Less paper is good for trees and our environment, and we at DMC have moved much
of our paperwork to electronic formats via scanning, no longer retaining hard copies,
and emailing client invoices and paying vendor invoices electronically. On the other
hand, a few green initiatives have presented new challenges and we've been working
on helping firms tackle those challenges.
For instance, electronically paying bills creates recurring transactions with non-traditional
check number sequences; small business solutions like MYOB handle this well via
downloads. Mid Range systems like Axium’s Ajera easily identify these differing
types of transactions. But Deltek Vision has no feature to differentiate this transaction
type. Most midrange applications we work with do not download with the commercial
banks like MYOB or QuickBooks do, and they’ve had this feature available for years.
Importing is not the same as a slick downloading feature. And the same holds true
with merchant processing. But not the case with ACH payroll uploads.
We help firms keep their accounting in balance with new technologies; technology
developments and green initiatives impact how we conduct business on a day to day,
and we’re always keeping up with the times; seek help from us to work with you on
these changes.
Web-based Accounting. - DMC Audio Message - Thursday, April 09, 2009 - 11:42 AM
Hi this is Doris!
Web based access can be achieved in any accounting application. You don't have to
buy a web based application in order to run your accounting software across the
World Wide Web or from your home. If web access is important to you, so that you
can enter Time & Expenses or look up vendor or client information, know that solutions
exist at all levels of cost, even some that are free of charge.
There are a few factors you should review when considering a remote access solution
for your accounting software. Your tolerance for security, your need for speed and
easy access, and your budget will each go into determining which remote solution
is right for you. You should be able to locate a remote solution that can provide
you with desktop access to your accounting software when on the road or at another
office, anywhere!
Assuming you have internet access from both sides, products in the following combinations
can be a great solution: Virtual Private Networks allow additional security, Remote
Desktop Solutions can supplement or replace owning full IIS web services or full
web .net based accounting software if your budget allows for it. DMC Systems Group
has implemented web based access solutions for products like Deltek Vision, Quickbooks,
Axium’s Ajera Portfolio, MYOB, Sage Fixed Assets, and BillQuick. If you are considering
implementing a web based application give us a call and we’ll get you through it.
Time & Expense. - DMC Audio Message - Thursday, April 02, 2009 - 11:18 AM
Hi this is Doris!
Surprisingly there are still service firms with substantial revenues and employee
counts that have yet to automate their Time & Expense systems. Integrating a Time
& Expense system is probably the single easiest cost saver granted your infrastructure
is not of serious age. And still, even with an upgraded infrastructure you likely
want to know how to recoup the software and hardware investment.
Those who are reluctant to integrate a Time & Expense system express the following
concerns, such as security or staff mistakes that make accurate entries impossible.
But these concerns just aren’t the norm; more entries are missed, dropped, or recorded
incorrectly in the contract scenario. Dropped information is extremely costly in
the service business. A single hour at a $100 bill rate, missed just once a month
by 10 employees, adds up quickly: that’s $12K. And recording time and expenses incorrectly
is embarrassing if the mistake ends up making it to a client invoice; it’s costly
to correct these mistakes since one needs to unravel each scenario. And latent information
delays billing.
I have found that the day to day responsibilities that are occurring naturally,
like excel time and expense reporting, is easy to automate. Online/automated software
based time and expense entry does not change the activity in whole or in part. Rather,
it increases the communication with the accounting department! Projects are set
up more regularly, and billing turnaround time increases.
DMC Systems holds a full staff of operational and managing consultants. We are accounting
consultants willing to work out your billing issues on site in order to get you
out of processing manual invoices in Word or other difficult invoice formats. We
are skilled at lifting out of the way the heavy blocks that are preventing you from
cleaning up your billing. We are able to automate time and expense so that you can
produce a more timely and streamlined set of invoices.
We respect and understand the needs of those performing the day to day work so that
they can excel in what they do. We don't just show you how to bill, or have you
read a manual or the help screens, or place you in a classroom with 20 other non
related people. Our training and consulting involves hands on help with a knowledge
base of over 600 serviced clients with similar challenges.
Axium Review. - DMC Audio Message - Friday, March 6, 2009 - 11:02 AM
Hi this is Doris!
If you’re thinking about making the change from Deltek products to Axium, here are
a few technical points you should know about. Although you will need to migrate
your data, you will also be given a clean slate to utilize all the features with
the new technologies Axium has to offer. You will not be tied down to your old ways
and bad habits that kept you from going up a level in automation. What I mean is
that hanging on to your security blanket of "data" is not always the best business
decision.
Axium offers a simple to use, real time interface that may be a better match for
those wanting to keep things simple. Its design is superior in many ways to other
accounting systems in respect to the day to day operations. And in many AE firms
that is the priority when operating accounting. Also, if you were not utilizing
project management in your legacy systems, it is most often because of unhappiness
with the design interface or from the lack of having “real time data.”
It takes a lot of dedication to change software, but it can be well worth it if
you’re up for trying things a new and simpler way.
Deltek Advantage to Vision Migration. - DMC Audio Message - Thursday, March 5, 2009
- 11:16 AM
Hi this is Doris!
Are you wondering what to expect when you migrate and upgrade your Advantage data
to Vision?
Migration seems like a large, scary process, and in some respects this is true.
Just like a large flock of birds flying south for the winter, it works best when
you have a leader to know where you’re going, even if you think you’ve been there
many times.
For the most part, those firms choosing to upgrade from Advantage to Vision should
expect a smooth result in respect to data migration. All of the tools you need come
with your software, but you still typically need a professional like DMC in order
to perform the task. We have a solid understanding of data mapping and we know how
to interpret the fields in the software to match up with the codes and tables of
the migration tools.
After you migrate you still may find that in order to utilize your new software
features, you’re going to need to correct and clean your data. And you will discover
that certain functionality within the modules has changed to such an extent that
you will need to rebuild your saved reports and security. DMC Systems Group is knowledgeable
in these areas, and we can help you safely through your migration without risk of
losing your data, and having performed hundreds of migrations in the past, we know
the best ways in which to move your data into the new software smoothly and accurately.
Recent User Group. - DMC Audio Message - Wednesday, March 3, 2009 - 09:45 AM
Hi this is Doris-
Our recent DMC user group about Deltek Advantage and Vision billing was great, thanks
for coming. The attendance was good, and I’d like to thank our host Cambridge 7.
This particular session was designed to meet the needs of Advantage and Vision billing
users, but we do plan to host vision only user groups in the future. We also hope
to hold sessions in the future that focus on Project Reporting and Comparing Deltek
Advantage and Vision. Thank you for your compliments and suggestions. Specifically
the people who said that the presenter was effective, that the best part of the
seminar was the presenter having "knowledge of both applications" and for offering
"detailed billing explanations" in a “knowledgeable and friendly" manner.
Accounting Data. - DMC Audio Message - Monday, February 23, 2009 - 09:45 AM
Hi this is Doris!
Are you really backing up your accounting data? Even though you think you may be,
there is a chance you might not be...Why? Because accounting data involves more
than just a tape drive and having the associated hardware and software services
to know you have it right.
We blog and write to our clients almost too often regarding this topic. Why? The
message is either not being heard or it’s not being understood. I think it’s a little
bit of both. In terms that a non-technical person can understand: If you do not
back up your accounting information properly, and you need to retrieve information
from last week or last year, then you will be facing a painful problem. Backing
up information, whether you call it a copy, a hard drive, a tape drive, or a thumb
drive, is worthless if you cannot restore the file.
Accounting information spans over several years even in a tiny business. What needs
to be managed goes beyond your hard drive. One needs to be able to "get to" the
old information for lots of reasons. A government audit from 3 years ago, information
written during a hardware or power failure, or a simple accounting mistake not auto-corrected
by the software, are all common events which require accounting departments to rely
on a proper database backup.
We advise clients on how to properly manage data for restoration, and we archive
old software versions for proper record retention, including known security issues
surrounding the maintenance of Word, PDF, and Excel files that contain important
accounting information. Seek advice...have control over your data.
Why hold User Groups? To meet colleagues, to learn, and to share ideas. Through
user groups we are able to solve some of the most challenging accounting/software
issues. We also hold user groups in order to be part of the Boston community, and
to recognize ourselves as an independent leader that enjoys giving back to the community
in a free, non solicitous, and open forum.
When I was first handed the responsibility to chair the Harper Schuman User Group,
(a company now known as Deltek), I took the responsibility very seriously. Today,
we reach out to over 700 users throughout the northeast. Accountants, controllers
and IT staff, have all benefited from our user groups, evidenced by the years of
sustainability of the group. In some cases we have the manufacturer present and
we invite guest speakers to cover special topics.
So check out our website, tell your colleagues about us, and attend our next group
coming up at Cambridge Seven
Associates February 26, 2009 and register.
MYOB User Group - DMC Audio Message - Wednesday, February 04, 2009 - 1:58 PM
Hi this is Doris!
DMC Systems Group hosts seminars and user groups for users of software we support.
Why? Because we want to consistently reach out to clients in a forum in which they
feel welcome and able to openly connect to other users, and in some instances, the
manufacturer too.
This month we are hosting three events. But allow me to focus on just one, the MYOB
user group, coming up on February 13, 2009.
Our MYOB user group is held twice a year, and on occasion, we host co-op training
sessions with Acclivity (the makers of MYOB Premier and Account Edge). This upcoming
session will focus on new features for 2009 and will be an open forum to discuss
any concerns or questions that you, the user, may have.
Acclivity has been distributing great business solutions for 20 years...Their software
has consistently been supported and upgraded to the current MAC OS, and has been
a great solution for both Windows and MAC users in the areas of inventory management,
retail POS and service firms, as well as providers of merchant services and business
forms.
I’d like to say thank you to the folks at MYOB for consistently supporting us at
DMC and the small business user.
If you are interested in attending the upcoming MYOB user group visit our website
or give us a call. Be sure to RSVP and attend this free event.
Advice Before You Buy - DMC Audio Message - Thurs., Jan. 29, 2009 - 10:59 AM
Hi this is Doris!
I am stumped this month with client concerns regarding their software post-sale.
Why businesses don't seek advice and pretesting before purchasing software mystifies
me. Perhaps businesses get caught up in the glitter of promises and features which
sales reps promise them. Or maybe they believe, that with their diligence and skill-sets
at hand, they can make their accounting software work.
My experience is that when you don't involve professionals in software selection
from the start, the results, in most cases, can be terribly costly. Most mid-range
manufacturers will not, under any circumstances, offer a refund for software.
I am advising clients, especially those with very particular needs, to find the
appropriate resources in order to test the software through and through on simple
key business transactions before signing the dotted line. Why? Because there are
too many instances in which software is not being refunded after discovering that
the software simply will not meet their needs.
Anything you spend in pre-diligence, even if the dollar amount seems steep, is well
worth avoiding a major mistake. Most software companies sell software first, and
then pay mind to customer satisfaction later. Let us help you review your accounting
decisions before committing to any large costs.
Be ready. - DMC Audio Message - Monday, January 22, 2009 - 09:35 AM
Hi this is Doris.
DMC is very well versed in what you need to know about managing and closing your
year end books. Our staff is knowledgable of the items you need to be familiar with
so that your books will be reconciled and balanced. From w2's, loan balances, checkbooks,
receivable and payable balances, we understand the need to get those numbers making
sense in order to produce accurate internal reporting. Look to us for help with
your books and be ready for tax season!
Why seek professional independent advice? Many business fail, in part due to lack
of capitlization and from not surrounding themselves with the expertise needed from
the get go. Legal advice for instance, is not cheap and not all lawyers are great,
but not having one for contract review and negotiations is short sighted. Real Estate
and employment lawyers are a must-have if your business will be producing material
contractural arrangements. Choices made early on in a company can have long term
ramifications. Signing equipment or real estate leases, not binding employees to
confidentiality and office policy standards, can all be very costly if not reviewed
by a professional.
In tandem with that, DMC is about consulting, rendering advice, and finding clients
who value our expertise. Choices about accounting personal and software, monitoring
of accounting duties and procedures, and the finanical implication and review of
contracts, are all services we offer and we perform them well. Remember, it is often
more costly to undo a poor choice.
We implement accounting systems. DMC Systems is the firm that can answer the "how
to" or "how do I" questions when it comes to managing accounting. We are interested
in making sure that your accounting systems and operations are well-managed and
fully optimized.
One part of optimization is in making sure that your accounting data is properly
stored. Backing up data is not just a matter of having the IT department run a tape
backup. Backing up accounting data involves proper archiving in case of audit, proper
sizing and database management to avoid data locks, crashes and restorations, and
procedures that return data to a usable state. In addition, archived data can require
old technology to return data and the application to a usable state.
Another example of accounting optimization would be, how do I produce billing or
invoices for Deltek, Ajera, or Bill Quick, in order to meet the contract or clients
need or request. We know how to make software work in order to get the value from
it.