Accounting and Outsourcing

Business Process Outsourcing: The Competitive Advantage by Rick Click & Thomas Duening

Global competition doesn't just move jobs, it also moves business processes and creates new kinds of business cooperation. For more than a century companies with global reach had to grow into huge enterprises with massive internal infrastructure. With the rise of computer systems, smaller companies learned to share the large mainframes to lower the cost for each business. Specialized providers went into business to offer their systems and expertise so that businesses could focus on their value proposition rather than their information technology.

This outsourcing of non-core operations has expanded to many other kinds of business processes such as human resources and even some aspects of accounting. Some businesses are even creating new value propositions by combining their specialized abilities with those of another company in order for each to have a more powerful offering for their target markets. This is especially true as companies extend their reach around the globe.

Rick Click and Thomas Duening show you how this process works and what you need to do and consider so you can identify which processes you might want to outsource to lower your costs and extend your reach. While this is a practical introduction, it is meant for the general business person having to learn about BPO and having to get up to speed about what has to be done to get it right.

     

Accounting and Outsourcing - Accounting

For More and Complete Details
CPA Home
Earned Income Tax Credit
Tax Cash From Western Union
Homeowner Tax Credit
Alimony Deductions
Day Care Deductions
Moving Deductions
Contribution Deductions
Job Hunting Deduction
Education Deductions
Adoption Deductions
Medical Deductions
Mileage Deductions
Car Donation Deductions
Bad Debt Right Off
Hybrid Cars Deductions
Educator Deductions
Adoption Deductions
CPA Moms Master Index
Overview - Type of Business Entities
Sole Proprietors
Partnerships
S Corporations
How to Incorporate
Incorporating in California
Incorporating in Delaware
Incorporating in Nevada
C Corporations
LLC's - What is it?
Business Mileage Expenses
Office in Home
Business Deductions
Bankruptcy
Claiming Social Security Disability
Divorce & Taxes
Offer in Compromise
Installment Payment for Taxes
Credit Reports
Social Security
Deliquent Tax Returns
Back Taxes
Garnishment
Retirement Planning
Self Directed IRAs
Roth IRA
Traditional IRA
Iniherited IRA
Reverse Mortgage
Roth 401k
Borrowing from your IRA
Estate Planning
Social Security Benefits
Retirement Planning
Day Trading
Tax Preparation
Electronic Filing
Incorporating Services
Representation before IRS
Non Profit Services
Accounting
Bookkeeping
Sale of Residence
Sale of Rental Property
1031 Exchange
Real Estate IRA
Refinance your Home
Accounting
Additional Resources

Accounting and Outsourcing * Accounting

Overview of Accounting and Accountants   
Marquez Comelab

Accounting is a very important part of a business. As a freelancer, you either do it yourself or get someone else to do it for you. I have included this article for freelancers to have a very broad outline of the accounting profession. With this you can at least appreciate the discipline as well as its role in your business. As your business grows, the distinctions between the different types of accounting will become increasingly important.


When you are first starting, the only form of accounting you'll ever meet would probably be record-keeping and bookkeeping. This is the part where you record the sales you've received and the expenses you have made using receipts, invoices, cheques and other transactions source documents.

Article to continue below----------------------------------------------

U.S. Sales Tax Rates Hit Record High (Forbes)
Shopping blues: Top tax 12%. Chicago's 10.25% highest big-city rate. More Internet tax fights loom.

----------------------------------------------------------------------------


Firstly, what is accounting?


For most people, accounting does not concern them because they think of it as a laborious activity performed by people who are 'good with numbers'. Accounting is often confused with the narrow concepts of record-keeping and bookkeeping.

Article to continue below----------------------------------------------

N.Y.âs Paterson Shuns Wall Street Stock Transfer Tax (Update2) (BusinessWeek)
New York Governor David Paterson, facing at least a $9 billion budget deficit, rejected a call for a stock transfer tax on Wall Street.
Let Bush Tax Cuts End, Economists Say (Fox News)
NABE economist said Congress should let the Bush tax cuts expire.

---------------------------------------------------------------------------


Accounting of course is much broader than that. "Accounting is the system that measures business activities, processes that information into reports and communicates these findings to decision-makers" . The accounting system produces financial statements that report on an individual's or an organization's business in monetary amounts.


Who Uses Accounting Information?


1. Individuals,
2. Businesses,
3. Investors and Creditors,
4. Government Agencies,
5. Taxing Authorities,
6. Non-Profit Organizations and
7. Other Users including employees, consumer groups, labour unions and the general public.


The Types of Accountants and The Specialized Services Performed By Them:


1. Private accountants - These work for single organizations. They may perform cost accounting, budgeting, information systems design, internal auditing, financial accounting and management accounting;
2. Public accountants - These serve the general public. They may perform specialized services such as auditing, tax accounting and management consulting.


For small business owners, the areas that would occupy most of your time is financial and management accounting. Financial accounting provides information to people outside the business including creditors and the government for tax purposes. Management accounting generates information for you, the person who manages the operations of the business. This will produce how much you are spending on manufacturing your products or providing your services in a way that you can see where you are lacking and where your are doing well on.


Marquez Comelab is a private currency trader based in Melbourne , Victoria . He is the founder of TheFreedomToChoose.com - an information portal about trading financial markets, real-estate and business and OrangesAndLime.com - producers of cards, prints & posters. Contact him at mqz@orangesandlime.com.

What Other Authors say about Accounting and Outsourcing

Accounting - All Businesses Need One. by Article Submissions

As business becomes more and more global, and complexities continue to emerge, certain fields have gained prominence in today's career market. One of these is accounting. Accounting is a very conceptual...

Accounting Outsourcing Service to augment your business prospects by Michelle Barkley

Are you unable to keep a tab on the heavy accounting work undertaken by your accounting firm? This is just no reason for anyone to despair about his/her business prospects. Opt for accounting outsourcing...

Accounting Job Search Tips by Jay Bauder

Accounting graduates, have broader choices and specific paths to follow with their careers. Accounting requires a lot of skills when it comes to business and that is why every company has an employee that...

Tips on Picking the Best Accounting Software - Top 2 Picks by Richard Seng

The doors are finally open. The flashy sign proclaiming, Come On In,... is brightly lit on the front door, and your new business is booming. Life is beautiful, and you can't help but think to yourself....

Enhance the modus-operandi of your business with accounting outsourcing by Allies Harbor

The concept of outsourcing is becoming a preferred choice in many sections of company. Today businesses are outsourcing tasks like production, marketing, research and sales; no doubt that they are getting...

Learning Accounting: Debit and Credit Basics by Peter Lenkefi

When learning accounting for the first time, the terms 'debit' and 'credit' can be a bit confusing. Why? Because when you go to the bank and deposit money, the teller will tell you, "I am crediting your...

Importance of Accounting Records and Companys Accounts For Business by Terry Cartwright

<p>Importance of Accounting- A Helping Hand in Outsourcing Business<p>In this growing age of money oriented society one generally opts for becoming an entrepreneur rather than slogging for...

Using the Quicken Calculator by Stephen L. Nelson

Quicken includes a simple pop-up calculator. You can start the calculator by choosing the Finance menu's Calculator. Quicken starts the calculator and displays it on top of the Quicken program windowBasic...

Help with Accounting Software by David C Skul

If you run a small business you need an appropriate accounting software that can satisfy your requests. You have a lot of options from which you can choose, such as: Peachtree, Quickbooks, Microsoft Great...


Who are the CPA Moms?      Your Tax Professional Forever!!!!

“CPA Moms - Tax Moms - EA Moms" are trade names given to Accounting and Tax Professionals who chose to work in an “relaxed” environment. Some "Moms" work from home, other work from personal offices. Not all are Moms, there are some Dads. We call them Mr. Tax Moms. CPA Dads or Enrolled Agents Dads.
Each Mom is independent. Once a client starts working with a Mom, the client will keep the same “Mom” year after year regardless of where the client moves or relocates. Being in a “relaxed” environment has many advantages. Lower overhead, faster response time, more availability, etc.
To be a member a CPA Mom, Tax Moms, or an Erolled Moms the Tax Professional must ALWAYS be in good standing with their state licensing agency, experienced, and must demonstrate a high level of ethics, professionalism and proficiency.
Tax Net Inc, the parent company for all CPA Moms, Tax Moms and Enrolled Moms, developed the marketing and on-line systems to help qualified Tax Professionals who "choose" work from their “relaxed” environment and offer better service at a lower price to the consumer.
Since the “Moms” do taxes and accounting of all complexities, there is always a Mom available for every level of work. Since each Mom has a private 800 number, you are just a phone call away, regardless of where you live.
For reliability and dependability of Tax Net, Inc, the parent company of the “Moms” organization click on the Better Business Bureau (BBB) icon.

To Join CPA Moms

Click for accredited member's reliablility report.

Privacy Policy    About Us    Disclaimer    Copywrited 2005  - 2010 & Developed by  Tax Net Inc  Contact Us

Index of Articles about Accounting and Outsourcing

What Other Authors say about Accounting and Outsourcing

Accounting - All Businesses Need One. by Article Submissions

As business becomes more and more global, and complexities continue to emerge, certain fields have gained prominence in today's career market. One of these is accounting. Accounting is a very conceptual...

Accounting Outsourcing Service to augment your business prospects by Michelle Barkley

Are you unable to keep a tab on the heavy accounting work undertaken by your accounting firm? This is just no reason for anyone to despair about his/her business prospects. Opt for accounting outsourcing...

Accounting Job Search Tips by Jay Bauder

Accounting graduates, have broader choices and specific paths to follow with their careers. Accounting requires a lot of skills when it comes to business and that is why every company has an employee that...

Tips on Picking the Best Accounting Software - Top 2 Picks by Richard Seng

The doors are finally open. The flashy sign proclaiming, Come On In,... is brightly lit on the front door, and your new business is booming. Life is beautiful, and you can't help but think to yourself....

Enhance the modus-operandi of your business with accounting outsourcing by Allies Harbor

The concept of outsourcing is becoming a preferred choice in many sections of company. Today businesses are outsourcing tasks like production, marketing, research and sales; no doubt that they are getting...

Learning Accounting: Debit and Credit Basics by Peter Lenkefi

When learning accounting for the first time, the terms 'debit' and 'credit' can be a bit confusing. Why? Because when you go to the bank and deposit money, the teller will tell you, "I am crediting your...

Importance of Accounting Records and Companys Accounts For Business by Terry Cartwright

<p>Importance of Accounting- A Helping Hand in Outsourcing Business<p>In this growing age of money oriented society one generally opts for becoming an entrepreneur rather than slogging for...

Using the Quicken Calculator by Stephen L. Nelson

Quicken includes a simple pop-up calculator. You can start the calculator by choosing the Finance menu's Calculator. Quicken starts the calculator and displays it on top of the Quicken program windowBasic...

Help with Accounting Software by David C Skul

If you run a small business you need an appropriate accounting software that can satisfy your requests. You have a lot of options from which you can choose, such as: Peachtree, Quickbooks, Microsoft Great...