Teaching Technology
"Find out why it’s important for A/E firms to invest in technology training.
Many of us, despite best practices, are not able to weigh what types of technology
investments help our firm the most. Often, only through networking with those we
trust, are we able to make choices about our technologies. "
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Smart IT Budgeting
"Find out some ways that A/E firms can make the most of their information technology
budgets.
Help! My IT budget needs a trim! What should I do— our firm needs to be current
on software/hardware plus train our staff? How can we render new work in soft times,
and remain competitive and competent at our jobs? "
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Receivable Financing
"For most businesses, offering credit to customers is not an option, it is
the standard in their industries. Fortunately there are several options for financing
your receivables, but the costs vary greatly. Below are a few different options.
When you have figured out the true cost of financing your own receivables, you can
consider adjusting the price of your goods to offset this cost."
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Implementation Tips
"
Learn how to pick an accounting or business development IT package that will
help save your firm time and money.
It’s a bummer, but when you’re implementing accounting systems, the results can
be ugly. Real ugly. Like any other project, but probably somewhat unique to accounting,
if things do go bad, it’s a long, costly road to recovery. Delayed invoicing, parallel
entry that never ends, over budget data migration and numbers that seem to endlessly
never add up!"
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Modern Financial Systems
"If we were to issue a report card to the AEC industry in regards to integrating
financial systems, the industry deserves a whopping C. Of course, this is just one
opinion, but having worked on close to 300 financial migrations/integration projects
in twenty years, that's my two cents."
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Debt & Your Company
"Debt can be a scary thing for a small business owner. The trick is to know
when and how to use borrowed money. Too much debt can strangle a company, as an
owner struggles to make payments and satisfy lenders. But debt can also play a productive
and critical role in your company, giving you the leverage you need to grow."
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1099 Advisory
"For those of you who may not be aware of the Legislation passed by the State
of Massachusetts on July 19, 2004, and for those of you who are, we would like to
help you to understand this law, and how it affects you as a business owner in the
Commonwealth of Massachusetts."
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Out of Control Cash
"Not paying attention to the basics of bank account management and fundamental
accounting controls can create financial nigaspxares for your firm. For example,
ignoring the monthly bank reconciliation can result in unrecognized income or expenses,
and opens up the door to fraud."
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Using Existing Technology"
Let's face it: In times of recession everyone is looking hard at managing the
bottom line. The first impulse is to start cutting costs wherever possible. Along
with cost cutting, there are other methods that can help a firm through a recession
and should be followed by any firm in good times or bad. The first approach would
be to increase billings by capturing costs that are project related. The second
approach is to use existing technology to manage your firm by capturing financial
information in a timely manner."
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Greater Boston User Group"
Started in 1989, a user group, then known as Harper & Shuman consisted of a
handful of software users. These users were interested in meeting and interacting
with their software counterparts in order to gain a better understanding of their
software application."
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Massachusetts Health Insurance Laws
"In April 2006, Governor Mitt Romney signed into law the Massachusetts Health
Insurance Reform Bill, which is slated to go into effect next year. There are several
aspects of this law that both employers and employees need to be aware of, as it
affects both individuals and their employers alike. Some of the highlights of this
Law are listed below:"
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QuickBooks: The DMC Opinion
"Comments will focus on QuickBooks functionality and practical application
in small businesses. QuickBooks follows in the footsteps of its parent software
Quicken. Double entry bookkeeping results from the seemingly transparent single
sided entry of checks, invoices and vouchers. Thus, the happy accountant receives
an organized trial balance at year end and the happy client effortlessly learns
an accounting software and keeps their checkbook in balance."
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