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| Minotaur Outlook for 2007 |
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| Richard Kirkness |
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We are expecting great things in the upcoming year at Minotaur. Our development direction remains strong and focused. In addition, expansion of the Minotaur team will bring benefits to our existing and future customers. |
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| Paul Aspinall has been hired to lead our sales effort. Having known Paul for several years, we feel confident that his extensive experience in the food industry will enable us to gain further access into this specialized market. Vince Cappello has joined our support team to assist our customers with their hardware and software requirements. |
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| Many customers are showing an increased interest in integrating shipping and productions areas into their Minotaur Systems. As such, our development efforts will continue in the area of in-plant data collection with hand-held and touch-screen devices. Many of you will also be glad to hear we are making progress on the new .NET interface and are hoping that it will be ready for beta testing soon. We have also just completed an upgrade to our asset posting system to make adjusting postings on a daily basis. |
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| With ongoing development of our offerings and the Minotaur Team, we are excited about the coming year. |
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| We wish all our customers a successful and prosperous 2007. |
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Paul Aspinall Joins the
Minotaur Team |
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| Minotaur is pleased to welcome Paul Aspinall to its sales team. Paul joins Minotaur after 12 years of service at Puresource, a distributor of natural products to retail, where he held several senior positions allowing him to develop strong sales and management skills. |
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| With over 17 years sales experience we are sure that Paul will be a strong addition to our Minotaur sales team. |
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| Welcome Paul! |
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New Minotaur Customer offers an answer to
“What’s for Dinner Tonight?” |
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| Frescos and Company — When this new startup was looking for software to manage their state of the art production facility in London, Ontario, they looked to Minotaur. Now that their first retail location is operating, we can share with you their terrific concept as they revolutionize what we’re all having for dinner tonight. We encourage you to visit Frescos website www.frescosandco.com where you can see and learn about their restaurant quality meals you cook yourself that can be ready in just 6 to 25 minutes. |
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| All the peeling, chopping, cleaning, marinating and measuring is done for you and everything is sold fresh, not frozen. Now that is “Convenience without compromise”. With an aggressive expansion plan including several additional locations already being built, watch for one near you soon! |
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Coming Soon…
Minotaur’s New Inventory Sub-Ledger
Running your Inventory Valuation for Any Day at Any Time
By Victor Boersma |
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| In response to requests by our customers, Minotaur is undertaking a project to develop an inventory subledger. |
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| As most of you are aware, the current Minotaur asset posting system ensures that the inventory valuation balances to the inventory general ledger accounts at the end of time. While this partial sub-ledger is useful in providing the user with confidence that the system is functioning properly, it requires some organization to generate appropriate reporting for any interested third parties. Essentially, you must run the inventory valuation and general ledger reporting exactly at month end before beginning to process transactions for subsequent periods. |
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| This outstanding problem existed primarily because Minotaur tracked only a single cost for any part. (With the exception of lot controlled actual cost parts for which we track only a single cost for any lot). In the past, we have never attempted to store historical costs except in transaction files. |
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| We are now establishing a true inventory sub-ledger based on a new database of daily costs which we will be tracking. The costs assigned to this database will be calculated using the standard Minotaur cost calculators and the existing asset posting system. The costs assigned may be modified each time you edit a historical transaction to reflect the standard Minotaur cost in effect at edit time. |
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| In addition to tracking the historical costs, the system will have an option to also cause general ledger subledger postings to ensure that the general ledger value of any transactions on a given date will agree with the valuation based on the new historical daily cost file. There will be an audit trail of these postings outlining the originating asset posting transaction and the resultant postings. |
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| The inventory valuation program (keystrokes VVRV) will have an additional costing method identified as Average |
Cost by Day. When running the valuation using this new costing method, the valuation will act as a true sub-ledger to the general ledger if the optional general ledger sub-ledger postings are activated. This means that you will be able to run your valuation for a particular date and the valuation will match to the balance in your general ledger inventory accounts on that same date.
Initially, this option will be available only for CLC costed parts. It is our intention to make it available for all costing methods eventually. |
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| Please contact us if you would be interested in an inventory sub-ledger capability. |
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| Minotaur Welcomes Vince Cappello |
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Vince Cappello has recently joined Minotaur’s support team. Vince comes to us with 10 years experience as a Systems Administration manager for a national developer.
Vince holds a diploma in Financial Management from Seneca Collage as well as several |
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| courses in accounting and business at the University of Toronto and accounting and computer courses from Toronto School of Business. |
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| Welcome to the Minotaur team! |
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| Minotaur Happenings... |
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| As some of you may already know Michelle, our administrator, is now on a one year maternity leave. Michelle and husband are the proud new parents of a baby girl, Hannah Maria Stamper. Both mother and baby are doing well. |
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| As in the past, Wendy will be handling Michelle’s responsibilities while she is away. You can reach Wendy at wendy@minotaursoftware.com. |
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| Congratulations Michelle and we wish you all the best. |
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| As you may be aware the CPA has issued new cheque format specifications as part of an industry- wide plan to modernize Canada’s cheque clearing system through image technology. All Canadian business cheques should conform to the new specifications by June 30, 2007. |
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| The main change is the adaptation of a numeric date field in one of three specified formats; |
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| YYYYMMDD, MMDDYYYY or DDMMYYYY |
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| The field indicators must also be printed below the date field to indicate which format is being used. |
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| If you have not already updated your Minotaur system to meet the new specifications, contact your Minotaur account manager and they will be happy to assist you. |
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For more information on the new cheque specifications
visit the CPA website at; |
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| www.cdnpay.ca |
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| Minotaur will once again exhibit at the upcoming Food Industry Expo, jointly organized by the Ontario Alliance
of Food Processors and Ontario Independent Meat Processors. This tradeshow is being held on February
23 and 24 at the International Centre in Mississauga. This is the only show of its kind in Canada providing
one location to showcase innovations, connections and solutions to processors and suppliers in the
food processing industry. Don’t miss out on the opportunity to network, create successful business relationships
and find solutions to challenges facing your company. |
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Be Our Guest!
The first 6 customers that call us will receive a free admission coupon to the Food
Industry Expo as our guests (a $25 value) |
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Pre-registered attendees pay only $15 per day.
Stop by the Minotaur booth to preview all that’s new from Minotaur. |
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| For more information or to register, visit the website www.foodsafetyfacts.ca/foodindustryexpo/ |
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| Did you know ... |
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| Several years ago Minotaur developed a mechanism for users to define short cuts to menu paths. Once the short cut has been defined the user simply clicks on the icon to activate the function. Short cuts are stored on the user’s local drive and thus are specific to the workstation not the user. The program comes with a limited number of available icons that can be assigned to the short cut. These icons are generally placed in the utility\images folder in the root Minotaur directory. It is also possible to create custom icons. We recommend that the icon be no larger than 32x32 pixels. The image must be saved in PNG, GIF, JPG or BMP format. Icons can be created using any graphics software or downloaded from a free icon website. |
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| November’s Contest Winner |
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Congratulations to Diane McLauchlin of Belwood Poultry Ltd. for winning our November newsletter contest. Diane has won a $50 gift certificate from Giftcertificates.ca.
Belwood Poultry Ltd., located in Amherstburg, Ontario, was established in 1960 and is a family
owned business engaged in the breeding, growing and processing of turkeys.
Diane is the HACCP co-ordinator and administrative right hand.
We hope you enjoy your Gift Certificate! |
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| Minotaur’s Newsletter is used to keep our current and future customers up to date on software enhancements and happenings at our company. For a free subscription to this publication, just click this link SIGN ME UP. |
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Out of the Maze is a publication of Minotaur Software Ltd.
18 Automatic Road, Unit 27
Brampton, ON L6S 5N5
Phone: (905)458-7575 Fax: (905)458-5585, Copyright 2006
Please write to us with your comments.
info@minotaursoftware.com |
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| Out of the Maze is published to inform our current and potential customers of the latest events and happenings at Minotaur. |
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| The information in this newsletter is provided to customers to use at their own risk. It is not intended as a substitute for professional advice. |
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