When I decided to hire a handyman to help me with some things at my company, I debated on whether to put him on the payroll or just have him work as a subcontractor, meaning he would be responsible for his own taxes and such. I wasn’t worried about having to figure that out, because I have a really great paystub generator that I use for the few employees that I do have. I just wasn’t sure which to go from a legal standpoint. After talking with my brother, who is a lawyer, I decided to go ahead and hire him part-time as an employee. Continue reading
People are often confused between jobs in finance and accounting jobs. However, the differences are quite clear when you look at them individually.
In accounting jobs, the employee may be employed by an accountancy firm, where they will oversee the financial accounts of more than one company, or by a single company in their accounts department.
Accounting jobs involve handling and providing data relating to the financial performance of one or more companies. This includes preparing financial statements, such as income and expenditure statements, balance sheets, cash flows and such like, as well as income tax issues. Since most of the work is involved with the preparation of forms and financial statements, it is a good option for well organised people who prefer a passive, but independent role within a company.
Jobs in finance are concerned with decision making and are best suited to those who enjoy a leadership role. For example, finance managers use financial statements drawn up by accountants, to make decisions on how to minimise loss and maximise profits this may include decisions on stocks and shares, or trading on the Forex market.
Companies offering jobs in finance expect employees to analyse how the company is performing financially, and make
There are dramatic and devastating effects of poor money management in self-storage ownership that must be acknowledged to be prevented. The failure rates for those self-storage ventures that do not take into consideration, the effects of money management on the business, are extremely high. In any business creation, talk is cheap and action is supreme. This is where the business plan can become more of a tool than an actual reality. In this review, the importance of mandatory accounting practices will be discussed and explored. The goal is to create an efficient and stable then highly profitable self-storage business by using money management as a primary resource tool.
Good Money and Bad Money
Theres an old saying that goes something like this, never put good money after bad money. What this adage is trying to convey is that once a mistake is made in regards to handling the money, it is best not to keep funding that same mistake. In the realm of the self-storage ownership world, mistakes are part of the process of becoming successful and can be seen as learning tools in themselves. In staying off the bad effects of poor money management it is important that the rules of
Accounting fraud is an intentional and illegal way of maneuvering the recording of sales revenue and expenses in a business. Accounting fraud, which may be known with other terms as profit smoothing or creative accounting, is done by some businesses in order to show better profit performance even when it does not actually show. Some elements that may constitute accounting fraud are not recording prepaid expenses and other incidental assets; not listing specific classifications of current assets or liabilities and shrinking into one amount short term and long term debts.
The most typical practice of accounting fraud is the over-recording of sales revenue. For instance, a company may consign products to clients that were not yet placed, on the assumption that these products will be returned back at the end of the year. The business will record the shipments and treat them as if it were actual sales, unless the products are returned. A business can also practice channel stuffing wherein it sends products to dealers or customers which they do not really want but gives them deals such as discounts, incentives and other special privileges if the recipients do not object to receiving these products that were delivered prematurely. Moreover,
Forensic accounting has been playing an important role in stopping white collar crimes. As the popularity of forensic accountants keeps increasing, a forensic accountant has been chosen as one of the “20 hot job tracks of the future” by United States News & World Report. There are many universities that are offering this particular degree course.
Top 5 Forensic Accounting Schools in the USA
1. The Florida Atlantic School of Accounting: This is the fastest expanding state university with a track record of producing the highest passing rate in all CPA examinations, consistently for the past 10 years. It has also been ranked as one of the best 50 Business schools for entrepreneurs.
2. Aakers College: This College has been established for more than a 100 years, and it is quite famous for its Accrediting Council for Independent Schools and colleges, and State Board for Vocational and Technical Education. They offer online programs to students from all over the world.
3. University of Phoenix: They are well known for giving quality online forensic accounting degrees to professional working adults and to people who prefer home learning. They have created opportunities for people wishing to obtain higher education at their homes.
4. Birmingham’s School of Business
Internet is the ruling weapon in the present time, which has helped to solve various problems of life. There were various types of problems in the older days, which are totally solved with the application of internet. It is serving as the best tool in solving all major issues of life. Gone are those days, when students use to struggle for collecting their study materials. School as well as college days become very hectic for many students. This is mainly due to the immense pressure on their shoulders. Study materials are used for proper guidance, which will further help to gain more information about a particular subject. The presence of various websites has solved the entire case with the help of online study materials.
Various kinds of study websites are launched in daily basis. These portals are mainly intended to provide a common platform for all study materials. One has to find the reputed website that can easily help to find all kinds of study materials. The particular website must provide study guides that include test banks along with their solutions. All these materials are mainly published for reducing the academic burden on the students. Interested students can refer to these
Good accounting system is a crucial for any organization. Only good accounting software can maintain your account in an efficient way. With good accounting software you can make records of your inventory, sales, expenditure etc. of your organization in an efficient way. Accounting software also automates the process of retail inventory and Computer inventory. Surprisingly, accounting software by Stellar Data solutions Pvt. Ltd does all of this at a very low cost? Accounting software by stellar is application software that records and processes accounting transactions which provides faster and efficient accounting system. Accounting software by Stellar has produced such a system that will generate comprehensive reports and overviews to help the business owner to better manage company accounting, inventory besides maintaining proper account of day to day sales. Accounting software by stellar is a multi-user with inventory, customers, sales, purchasing, accounts, receivables, checkbook and other biggest advantage of using accounting. It provides comprehensive solutions to every accounting problem related to your business. Good accounting software is a complex issue to handle. Implementation of good software by company results in higher efficiency, scalability and error free accounting system and helps in better co-ordination between the various departments of the company.
St. Louis, Missouri Accounting Business Solutions by JCS (www.jcscomputer.com), the nations premier provider of Sage 100 technical support and training for SAGE software, today announced the expansion of its training center in St. Louis, Missouri, to include Sage 100. A drastic increase in demand for the companys training and services necessitated the move to a new, larger, state-of-the-art training facility; more than double the size of the companys previous office.
Accounting Business Solutions by JCS always strives to provide highest quality training and support to its customers, said Marilyn Longbein, manager, Accounting Business Solutions by JCS. Our current facilities in St. Louis, Missouri have been expanded to offer the latest training technologies to all our clients.
The companys new address is 10920 Schuetz Road Suite 4 Creve Coeur, Missouri 6314. The main phone number has changed to 314.644.4100.
Accounting Business Solutions by JCS (www.jcscomputer.com) provides accounting software technical support and training for SAGE Software products including ACT! By Sage, Sage 50, Sage 100, Sage CRM formerly Peachtree, MAS 90, MAS 200, Business Intelligence and Timeslips. In addition, JCS specialized in integration between accounting applications and e-commerce shopping cards, Point of Sale Systems and customer relationship management applications. JCS Computer Resources provides