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Casual Articles - QuickBooks and Small Business Accounting
The process of accounts receivable starts when products or services are provided to a customer on credit. The company that details the transaction including the total amount and duration of credit creates an invoice. The invoice is then recorded.If payment is on time the accounts receivable process ends there. However, often this is not the case. That's when the collection department takes over. First, the customer is afforded the opportunity to explain the delay. If there's a complaint regarding products or services, the matter is forwarded to the respective departments. Once the issue is resolved and payment is received the process is ended. Sometimes the process will end if the product is sh
Companies can survive the massive disruption of a pandemic—but only if they take steps now to inoculate against the threat of contagious misinformation and fatal chain-of-command breakdowns.That warning comes from one of Canada’s most experienced disaster managers, who says even where a company has developed an emergency plan, few employees know about it, fewer are familiar with it, and nobody has tested it.“The most comprehensive plan isn’t worth the paper it’s written on if no one has read it,” says Steve Armstrong, who worked on incident command protocols during his decades with the Canadian military, and subsequently managed disaster responses for the Canadian Red Cross. Now the p
The two key ingredients to help insure the success of any business are marketing and accounting. Marketing is extremely important because this is how you are going to acquire your clients. Accounting on the other hand will let you know if your business is making or losing money because if you’re a business owner, you need to know the score at all times. Where does your company financially stand today at any given moment? Generating lots o
You might think that something as major as a building fire could put a serious dent in the productivity of any office, to put it mildly. Destruction of property equipment, furniture and files are almost certain. How much in terms of assets would be lost and for how long? What about the company’s mission critical data? Could it ever be replaced? Computers (especially the magnetic disks contained within a modern hard disk drive) are very sensitive to heat and critical data is likely to be irretrievable from a machine that has been melted by the high temperatures of a building fire.So just how can a headline like the one in this article be plausible? How can a company suffer something as destru
The two key ingredients to help insure the success of any business are marketing and accounting. Marketing is extremely important because this is how you are going to acquire your clients. Accounting on the other hand will let you know if your business is making or losing money because if you’re a business owner, you need to know the score at all times. Where does your company financially stand today at any given moment? Generating lots
E-Procurement is the process of purchasing goods electronically. The various stages of electronic procurement include identifying vendors or suppliers, placing orders and the arrival of goods. E-procurement helps to improve the efficiency of the purchase process and decreases the cost involved in traditional purchasing. Most of the paper work is eliminated, thereby cutting the cost and time required reaping benefits often to the tune of millions of dollars.Studies indicate that a firm can enjoy returns that may measure up to 300% of the initial investment in just three years. The increasing number of success stories point to the growing recognition of e-procurement advantages. This indicates an
The two key ingredients to help insure the success of any business are marketing and accounting. Marketing is extremely important because this is how you are going to acquire your clients. Accounting on the other hand will let you know if your business is making or losing money because if you’re a business owner, you need to know the score at all times. Where does your company financially stand today at any given moment? Generating lots
Does bill Gates know something we do not know about Six Flags amusement parks? No probably not, but anyone as smart as he, certainly understands the future of Virtual Reality. Look at the new X-Box 360-degree system? Obviously Microsoft gets it and their research teams may have entered the Virtual Reality Realm a little late, but they certainly understand gaming. Mr. Gate’s increased his holding in the company from 8% to 10%. There can only be one reason in my opinion, Virtual Reality is coming to a theme park near you. This probably makes a bit of sense and also a rebounding economy tends to really bolster Theme Parks. In GA actually in Six Flags over Georgia, where actually they are still arguing
Part I of this article covered what to avoid when giving a business gift. If you missed it, I suggest you go back and take the time to read it.Now onto Part II: Giving corporate or business gifts can help you stay in touch with prospects and clients. It can also help you show appreciation for someone's business, establish new relationships, mend relationships, obtain referrals and build customer loyalty. Follow the guidelines below to ensure that your business gifts are effective:Good Choices for Corporate Gifts: Gourmet and snack food items that can be shared easily within an office. Cheese, crack
Accounting must be approached as one of the most important pieces to the business puzzle and not as an afterthought. If more people were to make accounting a priority, the success rate of most small business would go through the roof!
Start right from the beginning and purchase an accounting software program that’s going to work for your business. Getting on board early on with an accounting software program can save you hundreds if not thousands of dollars not to mention saving
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