Thursday, March 4, 2010

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Auditing Careers Involve Ethical Decision Making

Auditing Careers Involve Ethical Decision Making   by john mce


in Finance / Accounting    (submitted 2010-03-03)



Thanks to recent guidelines laid out across the world, many firms have looked to fill internal audit jobs. Auditors seem to be in relatively high demand, but they are not necessarily motivated purely by money, as many embark on a career in auditing to help big businesses take ethics into account.
Those who have auditing jobs, whether they be part of a business or working in an external capacity, have to ensure that a company operates observing high ethical standards. Auditors see the inner workings of a firm, the books and policies, and it is their job to identify risks, inaccuracies and dangers, as well as putting them right. The mainstream perception of auditors might simply be maths people, but in fact they review whether the records of the company are a truthful representation of the company's business.
Auditors have the unenviable task of reviewing an employer's policies and plans, challenging elements and correcting the documentation. They are expected to communicate the potential risks to their employers of any actions, weighing up all the functions of the business. Auditors must concentrate on bottom line profitability as well as public and political opinion.
As well as these tasks, it can also be an auditors job to look for ways for savings to be made. Examining expenditures and accounts and attempting to maximise the financial benefits, finding ethical ways to reduce expenditure for their employers. Auditors can greatly improve a company or organisation, in terms of ethical working practises and overall profitability.
If you're thinking about embarking on a career in auditing, then consider wisely that there is a conflict in this role. Balancing profitability with behaving ethically is tricky, and for most it will depend on your personal convictions whether you to do everything you can to make your employer as rich as possible, or the organisation to be as upstanding and ethically-minded as possible.
Many people find auditing careers hugely rewarding, and they represent a unique opportunity to understand how big businesses work, top to bottom. As an external auditor you could be working at a different business every few months, getting to know how the business works and highlighting improvements which can be made to increase profitability or make the business more ethically sound. Internal auditors can come to be worth a lot to a big company, since they know so much about how the business works and how it can be improved.

Book Keeping the Way You Want It Done

Book Keeping the Way You Want It Done   by Cheow Yu Yuan


in Finance / Accounting    (submitted 2010-03-03)



Book keeping as any business owner knows is probably the most time consuming job that the company has. Not only is it time consuming, but it takes a lot of know how and just the right configuration to keep the figures running smoothly and accurate. Most companies will hire a dedicated bookkeeper since it's a full time job and usually there is so many other duties an owner has, that spending all night catching up paperwork, just doesn't seem to be a productive way to spend time that should be spent on sleeping and keeping the rest of the company running smoothly.
Aside from the time it takes to do the book keeping, business owners know that good bookkeepers have had extensive training in their field. Some even border if not have gone all the way into being certified as a CPA. Even if they are not a CPA, chances are that they have almost about the same knowledge, except that it is geared for the company they are working for. For a business owner to not only have to keep track of a business, but have to go to school just to know how to do the accounting side, it just isn't practical.
Doing it all by trial and error can be more of an error as well as a huge trial that could cost the company plenty. Outsourcing it definitely an option since the task is enormous and this is a great way to save money instead of hiring someone full time. Another option to solve the book keeping dilemma is to get a good software. Nowadays, there is a great amount of mind your own business software. With so many options, finding just the right one is usually not a difficult task, but may need some input.
By doing a little research on the Internet a business owner can find a wealth of information and resources to help in the quest to find a great book keeping software that will do the best job for the company that isn't just like everyone else's. Of course there is also the information that gets you started in case you want to know all about doing the bookkeeping yourself. If that is the direction you want to go, there are great avenues available where you can even train online to get the certification completed. The bookkeeping part of your business is just a click away.

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The Right Accounting Software For Your Business

The Right Accounting Software For Your Business   by Cheow Yu Yuan


in Finance / Accounting    (submitted 2010-03-03)



There are some great accounting software available everywhere you look. Some are pretty familiar such as Peachtree, or Intuit. Other's most haven't really heard a whole lot about. The software chosen really needs to have some versatility depending on your business and what kinds of features you need to be successful. When you look up this subject on Google you are in for a nice surprise as there is a ton of information and products and advice waiting to give you input for your circumstances. Every business is different and every software has its own unique features, so looking closely is a great way to get started.
First off a couple of very popular accounting software like Intuit and Peachtree are a great place to begin any search. These two products were probably the first in the do it yourself accounting software. They each have features that are very simple to use and inputting products and employees is all about a few clicks. From the very basic to the more advanced, depending on your needs, both of these companies have solution software for just about any type of business. All that is needed is a little information and you are on your way to keeping your business running smoothly.
A couple of features within these products and products such as MYOB, include, the ability to take credit cards, manage employees and customers. There is also a place to manage vendors and products. They even are compatible with a cash register and some packages even come with a scanner. This type of software is especially good for small businesses and those who are just getting started. For those who would like more options or even someone else to do the bookwork, there are other options that have just what the business owner is looking for.
One thing that is important when looking for the right accounting software is to make sure it's taking care of the taxes as it works for you. At the end it's pretty difficult to go back and try to figure out the taxes and hope you are figuring it all the right way. Another great help in finding just the right product, is a couple of websites devoted to narrowing the search, based on the needs of your individual business. The right software mixed with the right business and support can really go a long way in helping your business succeed.

Choosing the Right Accounting Software

Choosing the Right Accounting Software   by Cheow Yu Yuan


in Finance / Accounting    (submitted 2010-03-03)



When you first get started in a business, it's an exciting time. It's also a frustrating time. There is so much to do to get the business situated so that it runs smoothly. A really important, probably the most important step is getting the bookkeeping taken care of. It's great to hire someone else to do it, but if you are one who likes to have more control over what is happening in the books at any given time, It may be a good idea to find an Accounting Software that works well with the type of business you are in.
Everyone has heard of Quickbooks and Peachtree. What many people don't know is that there is a world of Accounting Software available and the majority of it can be customized to your specific needs. The two main popular software's are great and have an amazing amount of features. From utilizing a cash register and taking credit cards, to managing employees and vendors. These are pretty much do-it all software, but if a business needs other features, it may not be available in just one version of a particular software. Your business may need to go outside the box to a customization.
There are several companies who specialize in bookkeeping services and do a great job of creating software that is as unique as your business is. Equally as amazing are the companies who offer comparisons of different products and how they apply to the businesses they are designed to service. It doesn't take much time to Google accounting software and find a wealth of information and avenues to find just the right company to give you exactly the product you need for your business. From boxed software to customized options there just isn't any substitute for the information on the Internet.
When looking for just the right accounting software, some features that are a good idea to look for include things such as, the ability to keep track of customer's as well as vendor's information. There are other features that are really useful also like, being able to keep track of an inventory and adding products quickly as you go. Being able to give discounts to loyal customers as well as utilizing promotions is also a great benefit. The best software really needs to have versatility to keep up, with the changes that the business will have as it grows and develops over time.

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Book Keeping the Easy Way

Book Keeping the Easy Way   by Cheow Yu Yuan


in Finance / Accounting    (submitted 2010-03-03)



When someone mentions even the idea of book keeping, most people cringe. Mostly because they have tried it and have been frustrated beyond belief by it. The amount of paperwork and data entry involved in the process can really wear a person beyond what they can do. Then making sure everything balances at the end of the month is something the majority would rather have taken care of itself. The one thing that everyone can agree on is that this is a necessary task that definitely will not take care of itself. What to do is the next thing to ask.
A great option for taking care of this side of business is to get certified in book keeping. Although it takes time to complete. It's a good idea for business owners to have knowledge as to how the accounting end of the company works. For those who may not be a business owner, but would like the skills for a future job, or future company, training is always a good idea. A bookkeeper is more than just someone who does data entry. This person is a key player in any type of business, Without them the business would indeed fail before its first year was up.
To be a good book keeper not only takes training and being certified, but it also takes a dedication to learning all about the company they service. Although it's not necessary to be a CPA, bookkeepers find themselves needing to understand how to best take care of the company's taxes. A CPA then can go over and finalize them, but having a good person putting it all together in the beginning can really save the company a lot of time and headache when tax time comes around and everything needs to be accounted for.
Once the training is done and the job secured, a good software is essential for the book keeper to do an effective job. There is a lot of software available and most have several features in one program so it can be customized to each individual company the way it will be most productive. This is where the bookkeeper ends up needing extra training and even continuing training to make sure they are up to date on the latest features and the best way to use the software to maximize the efforts. Nothing can replace a good bookkeeper, but adding a great software, makes a good bookkeeper great.

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