Did you know that if your business is VAT registered, as well as the standard quarterly VAT returns you need to complete, there may be other VAT schemes available to your business for you to still comply and account for your VAT, but they may suit your business better. The VAT accounting scheme could be [...]
For every small time business owner, the bookkeeping part is undoubtedly a heavy burden. But it is important that he establishes an efficient bookkeeping system from the start itself while conducting business. Managing a business which complies with the laws and business requirements warrants the setup and maintenance of some organised system of accounting. For [...]
Good accounting software can help your company track important data such as revenue, net profits, accounts receivables, expenses and payroll. As your company grows larger, accounting processes that take hours in the past will now take days to complete if you do it manually. Without accounting software, you are going to waste a lot of [...]
Access to the environmental insurance marketplace. Simply put, this is one of the main reasons why agents from around the country work with environmental wholesale brokers to find environmental coverage for their clients. Having options is a great way to demonstrate your expertise and commitment to your clients. Clearly, this is a good approach with [...]
What are the best ways for you to get your accounting career started? When I started my career, I know I was a little intimidated by the process. However, once you know what you are doing and how to go about lining everything up, you can actually you’re your accounting career up and running in [...]
First – Accounting is not a hard subject to study, and is easy to learn. The major secret to studying accounting is remembering that it is a cumulative study subject based on the first few chapters. Each chapter builds on the previously learned concepts and procedures. The accounting course is organized so that you study [...]
When looking at an accounting firm it’s important to ask the right questions in order to ensure that your needs will be met. Not all firms are created equal, and they certainly don’t behave the same. It’s your money, make sure you are choosing people to handle that money that you know you can trust [...]
MIP Fund Accounting by Sage is a solid option. MIP’s pricing is lower than others in this class, charging about $5,000 to $10,000 for its Fund Accounting Pro package. MIP provides powerful support for tracking proscribed funds and offers a good report writer. Fundware by Kintera is another option. It includes functionality for handling activities, [...]
Small business owners often use the New Year as a time to plan annual budgets and focus on sales growth and new business opportunities. But it’s also a great time to make resolutions to review accounting practices and financial controls on the business. This is especially true in 2010, as businesses are likely to face [...]
Due to changes in the 2006 Companies Act, there have been some amends to the requirements of Groups preparing company accounts for their subsidiary companies. Following is a brief breakdown of the changes and what they could mean for your company. Following changes to company law, medium sized groups will now be required to prepare [...]
