How Quick Consols Gets You Accurate Results Fast

Consider the fact that according to the National Transportation Safety Board (NTSB) up to 88% of charter planes that fallout of the sky are caused by human error. That number only drops to 50% when looking at commercial airliners.

Of course airplanes that stop flying, especially mid flight, tend to create a fair amount of noise (pun intended) because the impact on us is graphic and devastating on a human level. But what about all the other professionals out there including the accounting profession? The financial reporting requirements out there now are as complicated as the cockpit of an Airbus A380.

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3 Reasons Finance Departments Are Still Struggling with Overtime

While most companies excel at tracking their financial performance through clear metrics like profit and loss, they overlook measuring how employees spend their time. In many finance departments, particularly in larger companies, time is only ever considered during month-end closings and audit deadlines.

In our experience with every finance department across companies that Quick Consols has served, there's a consistent pattern of overtime during month-end reporting cycles. But why? Month-ends haven’t changed in the last 30 years. Interestingly, the process of data collation for management or shareholders hasn’t changed either.

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How Quick Consols Gets You Accurate Results Fast

Consider the fact that according to the National Transportation Safety Board (NTSB) up to 88% of charter planes that fallout of the sky are caused by human error. That number only drops to 50% when looking at commercial airliners.

Of course airplanes that stop flying, especially mid flight, tend to create a fair amount of noise (pun intended) because the impact on us is graphic and devastating on a human level. But what about all the other professionals out there including the accounting profession? The financial reporting requirements out there now are as complicated as the cockpit of an Airbus A380.

Get Whitepaper

3 Reasons Finance Departments Are Still Struggling with Overtime

While most companies excel at tracking their financial performance through clear metrics like profit and loss, they overlook measuring how employees spend their time. In many finance departments, particularly in larger companies, time is only ever considered during month-end closings and audit deadlines.

In our experience with every finance department across companies that Quick Consols has served, there's a consistent pattern of overtime during month-end reporting cycles. But why? Month-ends haven’t changed in the last 30 years. Interestingly, the process of data collation for management or shareholders hasn’t changed either.

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Mastering Dunning Workflows

Managing account receivables can be a complex and time-consuming process for businesses of all sizes. However, by starting with a well-thought out strategy and organizations can significantly improve their collections processes and ensure timely payments from their customers.

In this white paper, we will present the best dunning workflow that has been proven to work for hundreds of Gaviti customers. Our goal is to help you streamline your collections process and improve your workflow, ultimately leading to increased cash flow.

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The A/R Collections Manager’s Guide: Get Paid on Time and Accelerate your Cash Flow

If you've ever had to chase an invoice, spend time nudging customers about late payments, or find yourself lost trying to navigate through a mess of Excel spreadsheets, you know how troublesome the accounts receivable (A/R) collections process can be.

Businesses can get a handle on their accounts receivable collections processes by taking a few simple steps – and deploying a few simple automation tools – that can help them along. Let’s review a few best practices for efficient A/R collections and how you can automate your accounts receivable process.

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The Complete A/R Invoice-to-Cash Management Checklist

Evaluating software is complicated. Luckily, you don't have to be a techie to help make a good decision for your organization. This ebook will help you understand the common and not-so-common of components accounts receivable software as defined by the Gartner.

This ebook explains the core features of accounts receivable software and also contains checklists that you can use when evaluating vendors.

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Church Buyer’s Guide

Researching payroll and HR solutions for your religious organization can be overwhelming. Having the right resources such as this Church Buyer’s Guide can help you make a more informed decision.

In federal tax terms, a church is categorized as any place of worship. This categorization includes synagogues, mosques, and temples. The IRS automatically recognizes churches as 501(c)(3) charitable organizations, should they meet the appropriate requirements.

This guide highlights critical factors addressed by best-in-class payroll and HR solutions for churches. You’ll find a list of essential features and benefits to consider in each section when comparing and evaluating systems.

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Nonprofit Buyer’s Guide

Researching payroll and HR solutions for your nonprofit organization can be overwhelming. Having the right resources such as this Nonprofit Buyer’s Guide can help you make a more informed decision. This guide highlights critical factors addressed by best-in-class payroll and HR solutions for nonprofits. You’ll find a list of essential features and benefits to consider in each section when comparing and evaluating systems.

This guide offers high-level information on choosing a workforce management solution. However, it’s intended to help only with your initial evaluation process. Be sure to discuss your needs and requirements with potential providers thoroughly and insist upon system demonstrations from those you’re giving serious consideration.

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HCM Solution Decision Matrix

There comes a time when organizations must evaluate human capital management solutions and choose the best option. But how do you know which provider best suits your company’s needs? Leveraging tools like a decision matrix is an effective way to make more confident decisions based on criteria that matters to you.

Use this HCM solution decision matrix when:

  • You’re choosing a provider based on several criteria that impact other departments.
  • You’re trying to narrow the list of providers you’re considering.
  • You already have a shortlist of providers, and you need to make a final choice.
  • Feel free to contact us for additional guidance and insights on choosing the best HCM solution for your business.

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Payroll and HR Buyer’s Guide

Researching payroll and HR solutions for your organization can seem overwhelming, but it doesn’t have to be. Once you have identified and prioritized your payroll and HR needs, you can use this Payroll and HR Buyer’s Guide to help you make a more informed decision.

This guide highlights critical factors addressed by best-in-class payroll and HR solutions for small and mid-sized businesses. You’ll find a list of essential features and benefits to consider in each section when comparing and evaluating systems.

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Year-End Payroll and HR Checklist

It’s important to stay knowledgeable about the services a payroll and HR solution should provide, even if you’re happy with the system you have or you’re actively looking for a new provider.

Our payroll and HR experts have compiled monthly tasks, important information, and handy resources to make year-end payroll and HR processing easier.

Use our handy checklist to track and manage your year-end payroll and HR tasks.

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Definitive Guide to Capital Planning

Whether it is a new construction, a renovation project, or an expansion, accurately planning and budgeting for each phase of your program is (probably) your top priority. As capital owners, how do you decide which programs and projects to fund and gather all pertinent information to help you make those decisions?

This guide will cover—setting clear strategic goals, how to manage projects and programs from start to finish, keys to accurate forecasting and analyses, cost management, and the best ways to communicate and collaborate with your agency. Using this guide streamline your capital planning process, manage projects effectively, and navigate your way to success.

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The Ultimate Guide to Cost Management

Knowing where your project costs stand at any time in a construction project is essential for understanding where you will finish. Without accurate cost data, capital owners are left guessing whether they will finish within budget or not. Accurate tracking and reporting of construction costs guarantee that you have the information you need to make critical decisions for your project.

The key to successful project cost controls begins with clearly defined systems and processes. It allows teams to handle changes swiftly, results in fewer disputes, and increases the likelihood of completing the project on time and under budget.

This guide will walk you through some of the best practices capital owners follow for estimating project costs, managing budgets, tracking commitment spending, and reporting on project health. You will be led through the process of developing a project budget and entering into a contract. We will cover how to track costs, report them, and keep spending under control to avoid cost overruns.

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