How Technology Has Changed Local Accounting

How Technology Has Changed Local Accounting

For Accountants
These days technology plays a part in even our simplest tasks, be it being woken up by an alarm, paying bills online or even just talking to someone. So, it is not surprising that technology plays a significant role in the way we do business, including the local accounting practice. With technology comes change, and there has been a noticeably big difference in the way balancing books and verifying ledgers are being done in today’s day and age. With the emergence of different software systems to support various accounting tasks, from filing invoices, making sure balances are in check, payroll, preparing sales forecasts, internal auditing, and government tax filing, it has clearly become easier for accountants to complete their jobs with accuracy and efficiency. Technology and local accounting Data collection,…
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Free Accounting Software: Which is Best for You

Free Accounting Software: Which is Best for You

For Accountants, For SMEs
A lot goes into setting up a new business, and this can be pretty overwhelming, especially for someone who is going into this for the first time. Where to start?  How to begin?  Among the many things that need to be carefully planned is how to effectively utilize the startup money. There is certainly no room for error in this area, and it is important to stretch the budget as much as one can.  So it is crucial to know which ones you need to spend on and which ones you can afford to scrimp on without compromising the quality. If there are things you can get for free, take it.  These days there are many available resources that you can get at no cost at all, a free accounting…
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5 Simple Steps that will Increase Business Productivity

5 Simple Steps that will Increase Business Productivity

For Accountants, For SMEs
Let’s face it.  In today’s ever-changing environment, ever-growing consumer demands and expectations, and technological advances, competition in business is fierce. Difficult as it is, the intelligent entrepreneur knows that to increase business productivity spells a great difference for any business. Even big enterprises have learned how important it is to continually be productive in every aspect of the business. What does business productivity mean? Being productive does not only mean that your employees have to break their backs producing the products or services you offer. Nowadays, productivity means increasing efficiency in all areas of work.  Productivity means continuous involvement and engagement.  For the businessman, this means finding the right tools to make work more efficient.  Thus, a huge part of that productivity involves work management. Five ways that increase business…
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Accounting Management System Made Easy

Accounting Management System Made Easy

For Accountants, For SMEs
When one mentions accounting system, listeners automatically think it’s complicated. Hence, for many starting or existing small and medium enterprises, Excel seems to be the easiest solution for simple booking keeping needs and activities, and it will work up to a certain point. The limitations of Excel As a business grows, there are some things Excel functions won’t be able to do. While Excel can simplify your work in terms of finding and sorting data according to date, the client or amount, or that it allows you to structure your bookkeeping contents and categories the way you feel you need it to be, there are certain limitations to what Excel can do. Not to mention that even if Excel is easy to use, there are functions that you still need…
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