posted by Administrator on Nov 10
As much as possible, make it a goal to convert to electronic invoicing. If you will receive invoices electronically, the mail time will be cut to almost none. Also, an electronic audit trail will put an end to finger pointing (as to who posted the double payment).
Insist that your processors employ rigid coding standards upon processing invoices. This should conform to the original naming standards that are used when the master vendor file is set up and the new vendors are added. Then focus on how your processors enter the invoice numbers. Companies taking this very simple step will find that duplicate payments will be almost eliminated.
posted by Administrator on Oct 10
In the corporate world, there are a lot of duplicate payments in accounting that are made. While you may think that the vendors would return it, you may be shocked to find that only a few will do. While some credit card companies or utilities will usually carry your balance forward to the next month, not all creditors are so magnanimous.
To stop this from happening to you, first you have to recognize your potential for duplicate payment system. Then, have all the invoices sent to accounts payable first. This will get the invoice into the process and would immediately provide the best information for identifying duplicate invoice.
posted by Administrator on Jul 10
When an employer asks a woman on her plans in giving birth in the near future, this too is a major no-no. they would want to hire people that are efficient enough and would become more economical for them to have an output rather than giving a person a paid maternity leave instead.
First of all, it is down right discriminatory since it is an essential part of a female being, and would entail her freedom over her own body; and secondly, on the basis of disability, where there is an assumption that disabled people cannot give output as what their capable counterparts can offer. They can be sued for doing such acts.
posted by Administrator on Feb 10
Fast Accounting Procedures for Control and Compliance
Now you can quickly protect and control your business assets with easily editable accounting policies and procedures.Sarbanes-Oxley Section 404 Compliance
The Bizmanualz Accounting Policies and Procedures Manual can help you establish a strong internal control system to comply with Sarbanes-Oxley section 404.
With these prewritten accounting procedure statements, you will learn how to improve accounting department controls for Sarbanes-Oxley 404 compliance, how to improve the performance of business finance and credit, how to manage shipping, purchasing and receiving, and how to manage cash operations.
Read the rest of this entry »
posted by Sherill on Jan 10
www.ipgbook.com
In any business organization, it is a known fact that the accounting department is very important. It does not only handle the routinely tedious accounting task, but it also manages the business firm’s financial planning. They are actually consulted by the owners to decide how much a company can afford to invest. Also, they are involved in determining how to obtain the highest amount of profit in a particular investment. Because of these functions, it is very clear that accounting is mainly associated with the overall growth of the firm.
To ensure that your business or company prospers continuously, you have to employ competent accountants that can fulfill the demands of the job.
posted by Sherill on Oct 8
www.books2taxes.com
Data security covers data transfer – which is critical to any company since the files would contain sensitive information. So in choosing a good accounting outsourcing company, you should make sure that they have the technology for security of data transfer.
Another component is the security of work station – which may provide firewall protected network, no use of external drive, and limited internet access to employees to ensure that data will remain intact inside the office. Employee credibility should also be looked at to vouch for data integrity.
Once the project is complete, both parties should evaluate whether the result has met their standards, and should discuss the problems that happened along the way to enhance future projects.
posted by Sherill on Sep 24
www.bloomberg.com
Accounting is a systematic system that measures, process, and communicate financial information. As an accountant, you have to answer four simple questions such as:
1. What is measured?
2. When should you do the measurement?
3. How much money should be placed on the thing being measured?
4. How should the measurement be classified?
These four questions deal with the basic rules of accounting, and those accountants in different fields face these questions everyday. Accounting basic rules are also subject to regular changes, that’s why it is a good idea to be up to date with the latest accounting trends.
posted by Administrator on Aug 25
Professionals who are taking care of your financial records and providing a report at the end of the fiscal year are called bookkeepers. They usually provide their expertise on tax assessments and tax filing. Bookkeeping is done on a daily basis, and any type of business will not be successful if the bookkeeping records are not properly maintained.
Bookkeeping is a very tedious and time-consuming task, but it has to be done because it is essential for business. To lessen the expenses, it is now legal to outsource this service. Some would even go further and hire an online outsourced bookkeeper.
posted by Sherill on Jul 28
www.thepremiergroup.com
Many companies nowadays look for online accounting service in their effort to be more efficient. Also, there are a lot of companies offering online accounting service as well. To be more cost-effective, companies would rather use these online resources rather than hire their own accounting staff. They outsource their whole accounting system or even just a part – inventory reconciliation, tax services, VAT services, credit card, budgeting and bank reconciliation.
If companies hire an online accounting service, they can save on hiring costs and training costs. Most importantly, they can dedicate more time to their core company tasks and other activities that will bring more income back to the company.
posted by Administrator on May 28
I have tackled a form of incapacity, which is pregnancy, but let us delve further on the general scope of incapacitation. Sure an employer can ask questions on what you are incapacitated of, and your requirements, but they cannot ask any other questions regarding that matter.
Questions pertaining to these matters involve such discrimination on to these incapacitated people. And would mean that they aren’t fit for the job that they are applying for. Although it is logical that some cannot do physical jobs due to their condition, other jobs, requiring technical skills doesn’t limit incapacitated people from doing their best and producing quality output.