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Avoiding customer collection issues These days, it is even more important that you maintain a careful watch over your company's receivables and trends. Following are signs that a customer may be in jeopardy, and thus affect your bottom line:
Here are some ways that your TRAVERSE / OSAS business software can help:
Confirm you're covered for Leap Year Since 2008 is a leap year, make sure that February 29th is included in the period setup information. If you do not have the defined, it may default to the wrong General Ledger period. TRAVERSE - to verify the 2/29 date, go to System Manager, Company Setup and select Period Conversion. Make sure that your February period ends on 2/29/2008. OSAS - to verify the 2/29 date, go to Resource Manager, Application Setup, select Period Setup and the year you are working in. The dates for each period should be displayed. Adjust the date if needed and <PageDown> to save any changes. Keeping inventory stocked without overdoing it Do you all too often discover you're out of stock on an item? This can be detrimental with higher costs, employee downtime and ultimately lost revenue. With a little setup in the Inventory's Item Location screen, your software has tools to help keep you in stock without the added cost of overstocking. The Safety Stock is the minimum number of units to keep on hand at all times. If you want your system to calculate reorders, in Item Locations enter the Order Point quantity for critical items. The Order point is an estimate of the quantity you use during the order processes plus the Safety Stock you maintain. This information is used on the Safety Stock Alert Report to provide the minimum number of units to keep on hand at all times. Specify the Maximum quantity for that item to help maintain quantities at or below that level. The Overstock Report can then be run to determine items above this level. The EQO (Economic Order Quantity) can be entered to signify at which quantity it is most economical to place an order. Once your quantity levels are set, allow the system to calculate what should be ordered and when (as well as what not) to purchase based on stock levels. At BAS, our goal is to provide flexible, simple-to-use accounting and business management systems and support to help your organization achieve unprecedented success.
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February 2008 In this Issue
Just a Note... 
Wayne Gretsky once said "Skate to where the puck is going, not where it is". What a powerful statement - especially in our business world. Do you know the trends in your industry? Are you using your business software to help you stay on track? There is a wealth of tools within OSAS and TRAVERSE to help you run your business more effectively. Open Systems has begun their Spring Road Shows throughout the US to show their latest products and business tools. This is a great opportunity for you to learn more about how your software can help your company prosper. Of the forty cities, following are a few in our client areas:
To learn more about the Road Shows or for specific needs you may have, please contact me - or go to www.osas.com and click on "2008 Open Systems Road Shows". Until next month, Lillian Aaron Quick Links Visit Our Website Contact Us Now! 888-246-1771 Pass It On Know anyone who might be interested in our newsletter? Click here to forward this email to up to five friends at once. |
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