Accounting and Tax Guide (Page 14)

What qualifications do I need to become an accountant?

Accountancy is a profession which appeals to a huge number of people who are proficient with numbers. While the demand for good accountants remains high, it is important that those keen to enter the profession make themselves aware of the steps which will be necessary on their journey to employment. Beginning with the qualifications obtained from college and university, the road to becoming an accountant is one which will be made far easier with a... ❯❯❯

3 Things to Expect In Your New Credit Card

Use your credit card the right way and it will be one a most valuable financial instrument. Real benefits first start with the right card, one that gives great rewards with reasonable fees. The multitude of credit cards available makes it almost difficult to choose one, but it doesn’t need to be if you know the three main things to look for. 1. Rewards That Match Your Lifestyle Reward credit cards must provide two things; bonuses and the chance to... ❯❯❯

How to Find a Reputable CPA for Your Business

Whether you’re running a home-based business online, you manage a small business complete with staff and a brick-and-mortar location, or your operation has grown to become a highly successful and lucrative corporation, you may eventually find yourself in need of the professional accounting services that can be provided by a certified public accountant (CPA). Unfortunately, you first have to undergo the tedious task of securing a reputable and reliable... ❯❯❯

Why an Insolvency Practitioner is Vital

There are many different ways to deal with problem debts. Debt management plans, bankruptcy and IVAs are all possibilities. The method that’s right for you will depend on your own circumstances and the amount you owe to your creditors; there’s no one-size-fits-all solution. For many clients, IVAs offer the best balance: a chance to repay as much debt as possible without being trapped in an endless spiral of interest and fees. But there are other reasons... ❯❯❯

Contemplating Your Own Business? Adequate Financial Software is a Must!

The idea of being the boss is probably grazed the minds of many folks. While climbing the corporate ladder from the very bottom to the very top is a possibility, the truth is that it could take a very long time, or may not even happen at all. Opting to forego the “corporate ladder” experience and seeing someone else's name on their w-2 form, many individuals are choosing instead to pursue a business of their own. Who knows? You could just end up being the... ❯❯❯

What Are Auditors?

Accountants and auditors help to ensure that the Nation's firms are run efficiently, its public records kept accurately, and its taxes paid properly and on time. They perform these vital functions by offering an increasingly wide array of business and accounting services, including public, management, and government accounting, as well as internal auditing, to their clients. Beyond carrying out the fundamental tasks of the occupation-preparing, analyzing,... ❯❯❯

What Are Assets and Liabilities

Making a profit in a business is derived from several different areas. It can get a little complicated because just as in our personal lives, business is run on credit as well. Many businesses sell their products to their customers on credit. Accountants use an asset account called accounts receivable to record the total amount owed to the business by its customers who haven't paid the balance in full yet. Much of the time, a business hasn't collected its... ❯❯❯

Understanding Balance sheet

A balance sheet is a quick picture of the financial condition of a business at a specific period in time. The activities of a business fall into two separate groups that are reported by an accountant. They are profit-making activities, which includes sales and expenses. This can also be referred to as operating activities. There are also financing and investing activities that include securing money from debt and equity sources of capital, returning... ❯❯❯

Benefits of Bookkeeping Outsourcing Online for Accounting Firms

Bookkeeping is a monotonous task for accounting firms. It takes long and tedious hours to maintain the accounts properly. On the other note, this can be a very expensive matter as it involves giving high amount of salaries with add-ons to your accountants. A variety of companies have trained accountant for bookkeeping. But their cost to the company is so high that it becomes impossible for the firm to continue with them. For small business ventures,... ❯❯❯

Bookkeeping Rates Can Help You Fix the Amount That You Have to Spend

It is that time of the year again when you have to pay your taxes and this must be giving you sleepless nights. So, now you must be hunting for an accounting firm that will do all the tiresome work for you and help you in paying your taxes in time. There are certain things that you must check out regarding the services provided by the firm that you hire to do your tax calculating and accounting works. Bookkeeping rates are very competitive and so you must... ❯❯❯

Bookkeeping Software

The process of Bookkeeping is cumbersome. Small human errors can cause big damage to the company. Computers have made this hectic process very easy. Computerized Bookkeeping simplifies the Bookkeeping and accounting procedures. Speed, accuracy, automation and versatility make computers better accountant than humans, and provide fast and accurate processing of transactions. In manual Bookkeeping each entry has to be entered separately in various books of... ❯❯❯

Freelance Bookkeeping

Freelancing is a common way for people to earn a living these days. The advent of Internet has shrunk the world into a global village, and geography is often irrelevant to a position. Freelancers are doing a great job in every other industry and the employers have realized the true potential of freelancing. There are several advantages for companies in opting for freelancers rather than having their own staff. As the freelancers work from their own home... ❯❯❯

Bookkeeping Tips

Bookkeeping is the process of maintaining books of accounts involving daily transactions. Bookkeeping indicates the exact position of business finances. Bookkeeping can be done manually or through a computerized system. Manual bookkeeping is doable for beginners and small business firms, but as the business develops, a computerized system of maintaining accounts will be beneficial. When it comes to bookkeeping, there are certain things to be taken care... ❯❯❯

Free Small Business Accounting Software

Free small business accounting software primarily focuses on assets. Assets may be described as valuable resources owned by a business, which were acquired at a measurable money cost. As an economic resource, they satisfy three requirements. In the first place, the resource must be valuable. A resource is valuable if it is cash/ convertible into cash; or it can provide future benefits to the operations of the firm. Secondly, the resource must be owned.... ❯❯❯

Optimizing Your Cash Flow With Proper Accounts Receivable Management

Businesses miss on growth opportunities and even close their doors every day, not because they aren’t profitable enough, but because they are strangled by poor cash flow. The problem is that while their profit and loss statement shows success, their bank account cries poor. Excessive money tied up in delinquent receivables, bad checks, and bad debt write-offs, rob businesses of valuable cash flow, handcuffing their ability to grow or even stay in business... ❯❯❯

Microsoft Moves to Small Business Accounting/Retail Market - Stakes and Thoughts

In this small article we will be looking at the new opportunities for Microsoft Small Business Server specialists, but rather look at the global business strategy and possible ways of future ERP modules standardizing and interoperability. This is important to get into consideration for midsize and large corporate business IT decision makers. Let’s look at the chronology and possible future development. • Great Plains Software acquisition. When Microsoft... ❯❯❯

Finding Accounting Services in Your Area

What is the best way to find accounting services in your area? Whenever I look for any service, there are certain processes I go through. Though services may vary, many of the strategies I use to find different ones are pretty much identical. The best thing you can do when seeking accounting services in your area is to do your homework. Do some research so that you know what your options are inside the scope of what exactly you want and at what price you... ❯❯❯

Business Accounting: 7 Steps To The Best Software Solution

It is important to know in business where money is coming in and where it is going out. As such, accounting is one of the most vital processes in any business. It is even more important than developing products and selling. The management of the flow of revenues and expenditures is what ultimately makes a business fail or succeed. Accounting is simply called the language of business. The requirements of every business may vary, but the general requirement... ❯❯❯

Retail Business Accounting Software: A Great Help

Retail shops are nearly always teeming with people. They come in a large number and on a busy day, during peak hours, it might become almost impossible to deal with so many customers. The task of managing accounts in such a situation can be really tough due to the sheer variety of the products people buy. Therefore, for a retail shop owner it is very important that he knows what has been sold for how much and when so as to keep his business profitable.... ❯❯❯

Four Symptoms Your Small Business Accounting System Doesn't Work

Every year about this time, I see too many accounting systems that don’t work… QuickBooks and PeachTree and Microsoft Small Business Accounting programs that don’t do what their small business users want or need. Sometimes, people know their accounting systems don’t work. And they don’t care. But, sadly, sometimes, the struggling small business person doesn’t even know his or her system isn’t working until it’s too late. Until the business fails because... ❯❯❯