Thursday, July 31, 2008
Trucking Business Software
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Wednesday, July 30, 2008
Simple Accounting for the Small Business - Synoptic Journal Bookkeeping Using a Simple Accounting Spreadsheet Template
Author: Carl Chesal
Starting a small business out of your home, offering products or services like business consulting, photography, selling on the web or a MLM? You are now faced with tracking all your expenses and revenues for your business and you certainly don't have the money yet to engage a bookkeeper or accountant. If your business is a sole proprietorship, whether it be a Canadian Proprietorship or a US-based Proprietorship , you do not require an accountant to submit your company financials (books) to the IRS (USA) or Revenue Canada). Your business revenue and losses are reported as part of your annual personal income tax. For this small business start-up, you won't need to buy fancy accounting software, like Quick Books or AccPac to track your business.
Friday, July 25, 2008
Accountants and the crisis: SMEs - a route through the gloom
The UK’s SMEs, faced with tight profit margins, few overheads to cut and limited access to credit, are particularly vulnerable to the downturn.
SME directors questioned in a survey earlier this month said they had become more negative about their prospects in the past six months. The survey of directors at 163 companies by Bowmark Capital found a sharp fall in confidence, with many respondents criticising the government for a lack of support.
As recession looms, big businesses will seek funds or advice from the stock market, investment bankers and even branding gurus, while smaller ones will rely on their accountant.
Despite the gloomy economic outlook, experts say accountants should see the downturn as an opportunity rather than a threat. They reckon accountants are well placed to expand in the SME sector and cement their reputation as valued business advisers.
Stephen Alambritis, chief spokesman for the Federation of Small Businesses, which has more than 215,000 members, says: ‘Accountants are one of the most trusted sources of advice for small business. When we ask our members who they look to for advice, it’s always accountants.
Tuesday, July 22, 2008
Bookkeeping help: Bookkeeping tasks are Easily Managed
It is thus a wise decision to invest in the services of brilliant professionals who are known for their dedication and ethics. With their vast expertise collected over the years, the companies are able to touch the acme of growth immediately. Taking Bookkeeping help from the experts in this field ensures for an organization, availability of highly accurate data. This in turn, goes a long way to change the way a business is conducted and significantly contributes towards the decision making process by a business head.
For an optimum use of the resources, accounting professionals are hired by a corporate. This is done to reduce the chances of wastage of time and efforts on your part. Outsourcing increases the quality of projects since the professionals are armed with a vast expertise and take upon themselves to go in to the complex details contained therein. Bookkeeping help should only be sought from the well-established firms who are known for their accuracy and less charges.
Moreover, timely delivery of the projects is a standard followed by these professionals with deadly accuracy and hiring them is thus considered a best move by the organizations. Maintaining an internal staff comes with its own costs as far as the salary bit is concerned. Also, demands related to extra bonus from the in-house staff is what prompts an organizational head to take bookkeeping help. For a smaller firm, this is a boon as far as hiring the professional services of the bookkeepers are concerned.
Bookkeeping help is outsourced for a proper use of resources towards realizing growing aspirations of a company. References can be sought in this case from those firms, who have been the clients of these outsourcing companies. Since expansionism of the organizations is on the rise and needs a stable funding, it is important to curb the unnecessary expenditure. This ensures in turn, a proper regulation and outflow of cash which makes an organization capable of generating increasing revenue bases for themselves. The services offered by the professionals are unmatchable by any standard as the firms specialize in maintaining the bookkeeping records through appropriate software. The compiled and processed records of the daily transactions are then transferred by the accounting experts back to the client.
Internet is the perfect source of information as far as the selection of a right firm is concerned. Moreover, the proper selection of a firm ensures a regular tracking of the transaction in a business organization. This is made possible by the excellent expertise of the accounting professionals who check each and every detail by themselves. Handling the complex projects comes easily to them and any kind of mistake is duly looked into. This is done to ensure a flawless financial report from them, containing every detail related to the transactions in a company.
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Thursday, July 17, 2008
Accounts Bookkeeping Task
* Maintenance of the Quickbooks bookkeeping system
* Debtor and Creditor Invoicing
* Monitor all payments received and debtor reconciliations
* Prepare creditor payments and creditor reconciliations
* Monitor cash flow
* Process Irish payroll
* Track all expenses by overhead category or project
* Liaise with external accountant to obtain all necessary tax clearance certificates, licences, C2 forms,
* Provide external accountant with all necessary information for annual financial reporting and tax payment purposes
Administration duties:
* Oversee computer and phone systems
* Maintain company’s filing system
* Assist with company promotional and publicity efforts
* Maintain database of company contacts and prospective customers
* Organise travel and meeting arrangements for staff
* Organise company insurance, company vehicles, and company benefits
* Conduct any other activities related to the smooth running and management of the business as required
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