How to choose the best accounting firm

How to Choose the Best Accounting Firm

Accounting is one of the most important functions for a profitable business. This is one of the most tedious and time consuming job and demands high accuracy and precision. All organizations and business houses have a specialized accounting department to maintain their accounts books. But sometimes due to unavailability of trained accountants or in times of a doomed economy people prefer accounting outsourcing or hiring an accounting firm to manage their accounts.

There are many accounting firms present that cover all the important accounting areas like budget, taxation, accounting charts, data entry, inventory, finance management, bookkeeping, data security and archiving, payroll records and management, journal records and more. Therefore the big obvious question is how to choose the best accounting firm for your business.

While choosing the accounting firm for your business choose the one that best suits your business requirements. As it is all businesses are different and so are the needs. It is not necessary that an accounting firm that was a big hit with a type of business will be successful for you too. Therefore it is very important to choose the accounting firm that deals with your type of business.

As it is said size thus matters, which also holds true in selecting the accounting firm. It is important that the accounting firm you choose is able to cope with your business and give you best possible service. To simplify this point, if you are a huge multi national organization a small regional accountancy firm will never give you the expected results and similarly if you have a small business with small turnover an international accountancy will probably not be able to give you the results.

Other important factor to consider is that the accounting firm you choose should be able to serve you as your business grows. It is always not possible to hire different accounting firms as your business grows and hence this is crucial. For this select a firm that has clients larger than you.

Also study the accounting firm well before hiring and check the record of accomplishment for the firm. Don’t take any hasty decision as it ruin your business prospects completely. Conduct good market research and compare the reviews posted by previous customers. This will give you an insight into the factual information about the outsourcing firm and its efficiency in performing accounting work.

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How can getting in control

How can Getting in Control!

In a world where «too much to do and too little time» is a common mantra, there’s a sense that everyone and everything has more control over our day than we do. While we might be at the beck and call of clients, there are still areas where the culprit is none other than ourselves. Using the word «control» as an acronym, let me suggest ways in which we can begin to gain some relief from self-induced pressure.

Can the clutter. Do you walk into your office and instantly feel a sense that you could get buried in all that mess? Papers are piled on the desk, on the floor, and in tiered boxes. Note that if this is your natural style of organization, you’d feel pressure by having items out of sight! But if you’re like a great majority of people, clutter only adds to the time spent in finding what you need. Do you use everything that you have on display? Can you find items when you need them? If you’ve answered «no,» proceed to the next recommendation.

Out with excess paper. Examine what surrounds you. What can you throw out, give out, leave out? If you are months behind in journals and other publications, scan the table of contents and keep only those items, which you KNOW you’ll need. Throw the rest away.

No, not, never, not now. Say it. Practice it. We frequently nod our heads «yes» like a wind-up toy because of guilt, fear, or a sense that obligation. Ask yourself, why do you say «yes». Perhaps even a «not now» would suffice. I am convinced that if we do not put limits on our time, it will vanish with our unknowing permission.

Talk up. To curtail long conversations or meeting, learn these sentences. «I would like to be able to talk with you but I have another engagement. Can you please tell me your request (situation, concern, etc.) in 25 words or less?» First, you won’t be lying with your opening statement. You will always have another engagement — even if it’s with the report in your computer. Second, you have indicated a willingness to respond. You have merely put a concise cast to the conversation. It’s amazing how «25 words or less» can increase the speed and fluency of conversation. As a variation on this theme, you can also curtail a drawn-out conversation with this question: «How would you like this conversation to end?»

Read only what matters. And what matters concerns your business, your future, your soul.

Operate early. This can mean everything from getting up early to doing things early. If you pack for a trip, don’t wait until the last minute. Prepare, in advance, your suitcase, your briefcase. The only things that need to be added are last minute items. Create artificial deadlines, which are in advance of the true deadline. You’ll always feel more in control.

Lighten up. Perfect isn’t always perfect. Look for and relish the unexpected. There is serendipity when we allow ourselves to surrender to events and times over which we have no control. The weather-hold that keeps my plane grounded allows me to complete a piece of writing I could not have finished. The shop which closes just as soon as I approach the door lets me walk down the street and find other stores which I had never noticed before.

Getting in control is ultimately about getting clear on our work habits, our priorities, and our values.

If you are an overworked executive, an entrepreneur, a stressed-out employee who knows there’s more to life than receiving a paycheck, then this book is for you.

Here is step-by-step supportive advice—based on the experience of real people who have made advantageous career choices—that will enable you to find and maintain a pro-active balance in your life and occupation.

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Kaizen blitz for industrial crm

Kaizen Blitz for Industrial Crm

According to manufacturing journalist Thomas R. Cutler in a recent issue of Industrial Focus magazine, «Manufacturers all face a similar challenge: a complex sale that often requires a team selling approach. In every industrial organization one finds internal representatives, outside representatives, managers, technical specialist, distributors, and customer service professionals. Often this team manages several product lines with thousands of specific items and interacts with numerous influencers who affect the sale. During the lengthy sales process the team does their best to manage this complex environment, producing notes, sales call reports, quote logs, memos, faxes, e-mails, and customer service reports, however the information is almost always fragmented. There is rarely one central database of customer information that can be accessed and shared among the people who need it to efficiently do their jobs. As a result, acting less like a team, these people act independently when conducting business and are far less effective. «

According to Larry Caretsky, President of Commence (www.commence.com/mfg), an industrial customer relationship management (CRM) firm, «CEO’s of these companies often share how their new enterprise resource planning (ERP) system provides them all the information they need, but fail to recognize that ERP systems provide information after the sale, not before or during the sales process. ERP systems provide no value for improving the efficiency of how to sell and service customers. This is one reason that forecast reports are always inaccurate.»

Industrial senior executives avoid addressing a customer-centric approach including the misconception that an accounting system provides the information needed; they provide only post sale information. The pre-sales process and information drives the sale.

Manufacturers do not resist funding back-end ERP systems; however the front-end CRM solutions often make a substantial impact on reducing new customer acquisition cost and improving sales efficiency by first addressing data capture, data consolidation, and data sharing.

Commence offers industrial companies complete «Freedom of Choice» to select the solutions and platform that best meets the business requirements of manufacturers and distributors. The comprehensive CRM Industrial application suite is available for use on premise or on-demand as a hosted service. Industrial leaders often build departmental CRM solutions with the award winning Commence Industrial CRM Framework. These choices are why so many industrial companies choose Commence as the solution for managing customer relationships. All Commence Industrial solutions support mobile or wireless connectivity and integration to back-office accounting and ERP systems.

How can you be the next einstein by implementing this twenty minutes strategy to become more creatively wacky in life

How can you be the next Einstein by implementing this Twenty minutes strategy to become more creatively wacky in life?

People seem to have the misconception that only a select few are able to unleash a steady flow of creative genius. That is totally absurd. The fact is, creativity is very much like a muscle that needs to be exercised in order to consistently give out great results. If you don’t practice harnessing creative thinking, this skill will very much atrophy into inexistence. But keep working and this skill will soon come to you in a snap.

So how do you unleash your creative thinking? Well, the first thing is to become a human leech. No, we’re not talking about just sucking the blood out of every living being available, we’re saying that you should take in as much knowledge and learning you can find. Read everything available — good and bad, and keep your mind open like a dry sponge waiting to soak up the essence of the good stuff you have read. The more you know, the more you’ll want to know, and the more your faculty of wonder will be exercised. The most creative people I have known are great readers.

Focus on a creative activity everyday. Yes, it’s an effort. Even doodling is a creative activity. Don’t let anything hinder you. Mindlessness may be a creative activity, but for people who are just starting out to unleash a little bit of creative thinking in their lives, it is helpful and encouraging to have concrete evidence, that, «hey, what I’m doing is getting somewhere.» So why don’t you try it. Practice drawing for a couple of minutes each day. Bring out your old camera and start snapping photos like crazy. Keep a journal and make a point to write in it religiously. Another cool idea is to write by describing something with your five senses. Try to avoid vague adjectives like «marvelous,» «amazing,» and «delicious.» Before you know it, you’ll have built yourself a tiny portfolio, and you’ll be amazed at the growth you’ve undertaken after amassing all those works of art. Who knows, you might actually take to liking those things you do everyday. Pretty soon those things will become a part of you and you’ll be addicted to these creative exercises.

Think out of the box — or don’t. Sometimes, constraints are actually a good thing. Limitations discipline you to work within your means. It enables you to be more resourceful. Creative freedom is great, but limitations enforce discipline.

Try something-new everyday and let your experiences broaden your perspective. Read books that you normally don’t read. Give seminars a try. Seminars are beaming with positive and energetic people. Meet and talk to new people. They will broaden your perspective, adds depth to your knowledge database as well. Go a step even further by participating in team events. A powerful team event is a Mastermind group. Great thinkers and achievers have the habit of coming together to exchange and share their knowledge and experiences. Synergy breeds the sparking of new ideas and breakthroughs in life and business. And you are just one step away from thinking at 100 miles per hour.

Remember being creative does not take a good deal of work and time. It can be learned. Remember, also, that it is not about just you. It is about you and the people around you.

Start now. Take your stand and be creative today. Be the next Einstein in the making.