Unplanned downtime is a million-dollar problem. Unexpected stops during production or operations can cost organisations on average $2 million (€1.70 million) a time, and 82% of companies experience at least one unplanned outage every three years (according to Aberdeen research). Each outage presents the risk of lost production hours, damaged products, additional labour costs and rush […]
Archives for 2021
Using journal entries in a QBO cleanup without messing up the books
When you’ve got a problem in QuickBooks Online, the ‘easy fix’ is making a journal entry…right? As an accounting professional, you may have been trained to use journal entries liberally (I know I was), but in QBO there are some situations where journal entries help, and some where they can really mess up the books! […]
Microsoft Offers Up To $30K For Teams Bugs
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Manufacturing’s Cloud Migration Opens Door to Major Cyber-Risk
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Why Accounting Skills Are Indispensable for Entrepreneurs
Get a better grasp on your company’s finances and help master the financial side of your business. Free Book Preview Money-Smart Solopreneur This book gives you the essential guide for easy-to-follow tips and strategies to create more financial success. March 25, 2021 5 min read Opinions expressed by Entrepreneur contributors are their own. Entrepreneurs need […]
Deadline for certain single audits delayed because of pandemic
The due date for certain single audits to be submitted to the Federal Audit Clearinghouse has been delayed six months as a result of challenges related to the coronavirus pandemic. The Office of Management and Budget (OMB) announced the extension in a memorandum for the heads of executive departments and agencies issued this week. The […]
5 Budget Challenges and How to Tackle Them
As a business owner, there are two important things you want to keep—time and money. That’s why you need to create a budget and stick to it. But, budget challenges are common and can pop up throughout the year. Familiarize yourself with budget challenges so you can tackle them before they get too far out of […]
Kitces & Carl Ep 56: The Advisor Fee Debate And Focusing On Value Over Price
Executive Summary For the past several decades, the prices that consumers pay for financial products have been trending lower and lower. From the rise of discount brokerage in the 80s, to no-load mutual funds platforms in the 90s, online brokerage in the “aughts”, and robo-advisors in the 2010s, the cost of investing has decreased steadily […]
Monitoring the next normal for manufacturers to ensure quality of industrial IoT
The Industrial Internet of Things (IIoT) a major element of Industry 4.0 has been gaining traction for some time now, driven by globalisation, shifting demand for commodities, and fluctuating trade flows, even before COVID-19. Yet, in the past year, which has seen many manufacturers having to revamp their operating models to support fewer on-site personnel, […]
Security Analysis Clears TikTok of Censorship, Privacy Accusations
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